Eskay Mining Current Valuation vs. Current Ratio
| 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.
Eskay |
Eskay Mining Corp Current Ratio vs. Current Valuation 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 current valuation category among its peers. It is rated fifth overall in current ratio category among its peers . The ratio of Current Valuation to Current Ratio for Eskay Mining Corp is about 23,464,405 . 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 Current Valuation vs. Competition
Eskay Mining Corp is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other Industrial Metals & Mining industry is now estimated at about 187.77 Billion. Eskay Mining adds roughly 128.82 Million in current valuation claiming only tiny portion of all equities under Other Industrial Metals & Mining industry.
Eskay Current Ratio vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Eskay Mining |
| = | 128.82 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Eskay Mining |
| = | 5.49 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Eskay Current Ratio Comparison
Eskay Mining is currently under evaluation in current ratio 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
In addition to having Eskay Mining 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?
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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.