McChip Resources Current Valuation vs. Price To Book
MCCHF Stock | USD 0.45 0.00 0.00% |
For McChip Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of McChip Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well McChip Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between McChip Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of McChip Resources over time as well as its relative position and ranking within its peers.
McChip |
McChip Resources Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining McChip Resources's current stock value. Our valuation model uses many indicators to compare McChip Resources value to that of its competitors to determine the firm's financial worth. McChip Resources is rated below average in current valuation category among its peers. It also is rated below average in price to book 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 McChip Resources' earnings, one of the primary drivers of an investment's value.McChip Current Valuation vs. Competition
McChip Resources is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is now estimated at about 173.53 Billion. McChip Resources has negative current valuation of (1.09 Million) having no influence on the industry.
McChip Price To Book 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.
McChip Resources |
| = | (1.09 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.
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.
McChip Resources |
| = | 0.55 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.
McChip Price To Book Comparison
McChip Resources is currently under evaluation in price to book category among its peers.
McChip Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in McChip Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, McChip Resources will eventually generate negative long term returns. The profitability progress is the general direction of McChip Resources' change in net profit over the period of time. It can combine multiple indicators of McChip Resources, 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.
McChip Resources Inc. operates in the natural resource industry in Canada. McChip Resources Inc. was incorporated in 1935 and is based in Toronto, Canada. Mcchip Resources is traded on OTC Exchange in the United States.
McChip Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on McChip Resources. 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 McChip Resources 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 McChip Resources' important profitability drivers and their relationship over time.
Use McChip Resources 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 McChip Resources 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 McChip Resources will appreciate offsetting losses from the drop in the long position's value.McChip Resources Pair Trading
McChip Resources Pair Trading Analysis
The ability to find closely correlated positions to McChip Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McChip Resources 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 McChip Resources - 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 McChip Resources to buy it.
The correlation of McChip Resources 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 McChip Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McChip Resources 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 McChip Resources 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 McChip Resources position
In addition to having McChip Resources 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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Latest Gainers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 226 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 Latest Gainers Theme or any other thematic opportunities.
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Other Information on Investing in McChip Pink Sheet
To fully project McChip Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of McChip Resources 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 McChip Resources' income statement, its balance sheet, and the statement of cash flows.