Lumina Gold Net Income vs. Short Ratio
| LUM Stock | CAD 0.51 0.01 1.92% |
Net Loss | First Reported 2001-03-31 | Previous Quarter -5.5 M | Current Value -7.7 M | Quarterly Volatility 2.5 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Profit Margin | 6.38 | 7.18 |
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| Pretax Profit Margin | 6.38 | 7.18 |
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For Lumina Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Lumina Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Lumina Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Lumina Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Lumina Gold Corp over time as well as its relative position and ranking within its peers.
Lumina |
Lumina Gold Corp Short Ratio vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Lumina Gold's current stock value. Our valuation model uses many indicators to compare Lumina Gold value to that of its competitors to determine the firm's financial worth. Lumina Gold Corp is rated fifth overall in net income category among its peers. It is rated second overall in short ratio category among its peers . Lumina Gold reported Net Loss of (17.25 Million) in 2023. 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 Lumina Gold's earnings, one of the primary drivers of an investment's value.Lumina Short Ratio vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Lumina Gold |
| = | (17.25 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Lumina Gold |
| = | 0.43 X |
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Lumina Short Ratio Comparison
Lumina Gold is currently under evaluation in short ratio category among its peers.
Lumina Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Lumina Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Lumina Gold will eventually generate negative long term returns. The profitability progress is the general direction of Lumina Gold's change in net profit over the period of time. It can combine multiple indicators of Lumina Gold, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 17.2 M | 16.1 M | |
| Operating Income | -16.7 M | -15.8 M | |
| Net Loss | -17.3 M | -16.4 M | |
| Income Tax Expense | 10.9 K | 11.5 K | |
| Income Before Tax | -17.3 M | -16.4 M | |
| Total Other Income Expense Net | 2.4 M | 2.5 M | |
| Net Loss | -17.3 M | -18.1 M | |
| Net Loss | -7.1 M | -7.5 M | |
| Net Interest Income | -3 M | -2.8 M | |
| Interest Income | 198.5 K | 188.1 K | |
| Change To Netincome | 1.3 M | 2.4 M | |
| Net Loss | (0.04) | (0.05) | |
| Income Quality | 0.90 | 0.94 | |
| Net Income Per E B T | 0.90 | 0.54 |
Lumina Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Lumina Gold. 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 Lumina Gold 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 Lumina Gold's important profitability drivers and their relationship over time.
Use Lumina Gold 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 Lumina Gold 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 Lumina Gold will appreciate offsetting losses from the drop in the long position's value.Lumina Gold Pair Trading
Lumina Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Lumina Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lumina Gold 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 Lumina Gold - 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 Lumina Gold Corp to buy it.
The correlation of Lumina Gold 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 Lumina Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lumina Gold 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 Lumina Gold 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 Lumina Gold position
In addition to having Lumina Gold 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 Chemicals Thematic Idea Now
Chemicals
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Chemicals 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 Chemicals Theme or any other thematic opportunities.
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Additional Tools for Lumina Stock Analysis
When running Lumina Gold's price analysis, check to measure Lumina Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lumina Gold is operating at the current time. Most of Lumina Gold's value examination focuses on studying past and present price action to predict the probability of Lumina Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lumina Gold's price. Additionally, you may evaluate how the addition of Lumina Gold to your portfolios can decrease your overall portfolio volatility.