Eskay Mining Cash Per Share vs. Price To Earning
| KN7 Stock | EUR 0.12 0.01 7.69% |
For Eskay Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eskay Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eskay Mining Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eskay Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eskay Mining Corp over time as well as its relative position and ranking within its peers.
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Eskay Mining Corp Price To Earning vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eskay Mining's current stock value. Our valuation model uses many indicators to compare Eskay Mining value to that of its competitors to determine the firm's financial worth. Eskay Mining Corp is rated below average in cash per share category among its peers. It is rated fourth overall in price to earning 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 Eskay Mining's earnings, one of the primary drivers of an investment's value.Eskay Price To Earning vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 0.02 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | (25.25) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Eskay Price To Earning Comparison
Eskay Mining is currently under evaluation in price to earning category among its peers.
Eskay Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eskay Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eskay Mining will eventually generate negative long term returns. The profitability progress is the general direction of Eskay Mining's change in net profit over the period of time. It can combine multiple indicators of Eskay Mining, 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.
Eskay Mining Corp., a natural resource company, engages in the acquisition and exploration of mineral properties, and precious and base metal deposits in British Columbia, Canada. Eskay Mining Corp. was founded in 1980 and is based in Toronto, Canada. ESKAY MINING operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.
Eskay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eskay Mining. 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 Eskay Mining 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 Eskay Mining's important profitability drivers and their relationship over time.
Use Eskay Mining 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 Eskay Mining 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 Eskay Mining will appreciate offsetting losses from the drop in the long position's value.Eskay Mining Pair Trading
Eskay Mining Corp Pair Trading Analysis
The ability to find closely correlated positions to Eskay Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eskay Mining 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 Eskay Mining - 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 Eskay Mining Corp to buy it.
The correlation of Eskay Mining 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 Eskay Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eskay Mining 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 Eskay Mining 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 Eskay Mining position
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Other Information on Investing in Eskay Stock
To fully project Eskay Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eskay Mining 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 Eskay Mining's income statement, its balance sheet, and the statement of cash flows.