Jericho Oil Return On Equity vs. Shares Outstanding
| JROOF Stock | USD 0.09 0 3.33% |
For Jericho Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Jericho Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Jericho Oil Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Jericho Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Jericho Oil Corp over time as well as its relative position and ranking within its peers.
Jericho |
Jericho Oil Corp Shares Outstanding vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Jericho Oil's current stock value. Our valuation model uses many indicators to compare Jericho Oil value to that of its competitors to determine the firm's financial worth. Jericho Oil Corp is currently regarded as number one stock in return on equity category among its peers. It also is currently regarded as number one stock in shares outstanding category among its peers . 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 Jericho Oil's earnings, one of the primary drivers of an investment's value.Jericho Shares Outstanding vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Jericho Oil |
| = | -0.33 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Jericho Oil |
| = | 226.05 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Jericho Shares Outstanding Comparison
Jericho Oil is currently under evaluation in shares outstanding category among its peers.
Jericho Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Jericho Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Jericho Oil will eventually generate negative long term returns. The profitability progress is the general direction of Jericho Oil's change in net profit over the period of time. It can combine multiple indicators of Jericho Oil, 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.
Jericho Energy Ventures Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and natural gas fields in the United States. Jericho Energy Ventures Inc. was incorporated in 2010 and is headquartered in Vancouver, Canada. Jericho Energy is traded on OTC Exchange in the United States.
Jericho Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Jericho Oil. 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 Jericho Oil 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 Jericho Oil's important profitability drivers and their relationship over time.
Use Jericho Oil 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 Jericho Oil 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 Jericho Oil will appreciate offsetting losses from the drop in the long position's value.Jericho Oil Pair Trading
Jericho Oil Corp Pair Trading Analysis
The ability to find closely correlated positions to Jericho Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jericho Oil 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 Jericho Oil - 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 Jericho Oil Corp to buy it.
The correlation of Jericho Oil 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 Jericho Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jericho Oil Corp 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 Jericho Oil 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 Jericho Oil position
In addition to having Jericho Oil 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 Computers Thematic Idea Now
Computers
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Computers theme has 61 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 Computers Theme or any other thematic opportunities.
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Other Information on Investing in Jericho Pink Sheet
To fully project Jericho Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Jericho Oil Corp 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 Jericho Oil's income statement, its balance sheet, and the statement of cash flows.