IGO Gross Profit vs. Price To Book
| IPGDF Stock | USD 3.21 0.19 5.59% |
For IGO profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IGO to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well IGO Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IGO's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of IGO Limited over time as well as its relative position and ranking within its peers.
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IGO Limited Price To Book vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IGO's current stock value. Our valuation model uses many indicators to compare IGO value to that of its competitors to determine the firm's financial worth. IGO Limited is rated fifth overall in gross profit category among its peers. It is rated below average in price to book category among its peers . The ratio of Gross Profit to Price To Book for IGO Limited is about 204,418,427 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the IGO's earnings, one of the primary drivers of an investment's value.IGO Price To Book vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
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| = | 694.9 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 3.40 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
IGO Price To Book Comparison
IGO is currently under evaluation in price to book category among its peers.
IGO Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IGO, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IGO will eventually generate negative long term returns. The profitability progress is the general direction of IGO's change in net profit over the period of time. It can combine multiple indicators of IGO, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. IGO Limited was incorporated in 2000 and is headquartered in Perth, Australia. Independence Gold operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
IGO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IGO. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of IGO position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the IGO's important profitability drivers and their relationship over time.
Use IGO in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IGO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IGO will appreciate offsetting losses from the drop in the long position's value.IGO Pair Trading
IGO Limited Pair Trading Analysis
The ability to find closely correlated positions to IGO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IGO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IGO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IGO Limited to buy it.
The correlation of IGO is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IGO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IGO Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IGO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your IGO position
In addition to having IGO in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Gambling Thematic Idea Now
Gambling
Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. The Gambling theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gambling Theme or any other thematic opportunities.
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Other Information on Investing in IGO Pink Sheet
To fully project IGO's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of IGO Limited at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include IGO's income statement, its balance sheet, and the statement of cash flows.