Precious Metals Cash And Equivalents vs. Current Valuation
| MMP-UN Stock | CAD 1.89 0.01 0.53% |
For Precious Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Precious Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Precious Metals And utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Precious Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Precious Metals And over time as well as its relative position and ranking within its peers.
Precious |
Precious Metals And Current Valuation vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Precious Metals's current stock value. Our valuation model uses many indicators to compare Precious Metals value to that of its competitors to determine the firm's financial worth. Precious Metals And is regarded second in cash and equivalents category among its peers. It is rated top company in current valuation category among its peers reporting about 0.04 of Current Valuation per Cash And Equivalents. The ratio of Cash And Equivalents to Current Valuation for Precious Metals And is roughly 24.31 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Precious Metals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Precious Metals' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Precious Current Valuation vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Precious Metals |
| = | 27.86 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.
Precious Metals |
| = | 1.15 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.
Precious Current Valuation vs Competition
Precious Metals And is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Financials industry is now estimated at about 24.79 Trillion. Precious Metals adds roughly 1.15 Million in current valuation claiming only tiny portion of equities under Financials industry.
Precious Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Precious Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Precious Metals will eventually generate negative long term returns. The profitability progress is the general direction of Precious Metals' change in net profit over the period of time. It can combine multiple indicators of Precious Metals, 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 | ||
| Operating Income | -348 K | -365.4 K | |
| Income Before Tax | -348 K | -365.4 K | |
| Total Other Income Expense Net | 8 K | 8.4 K | |
| Net Loss | -348 K | -365.4 K | |
| Income Tax Expense | -310 K | -325.5 K | |
| Net Interest Income | 26 K | 18.2 K | |
| Interest Income | 26 K | 18.4 K | |
| Net Loss | -348 K | -330.6 K | |
| Net Loss | -695.8 K | -661 K | |
| Change To Netincome | 3.6 M | 2.5 M | |
| Net Loss | (0.03) | (0.03) | |
| Income Quality | (8.09) | (7.69) | |
| Net Income Per E B T | 0.77 | 0.98 |
Precious Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Precious Metals. 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 Precious Metals 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 Precious Metals' important profitability drivers and their relationship over time.
Use Precious Metals 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 Precious Metals 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 Precious Metals will appreciate offsetting losses from the drop in the long position's value.Precious Metals Pair Trading
Precious Metals And Pair Trading Analysis
The ability to find closely correlated positions to Precious Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precious Metals 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 Precious Metals - 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 Precious Metals And to buy it.
The correlation of Precious Metals 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 Precious Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precious Metals And 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 Precious Metals 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 Precious Metals position
In addition to having Precious Metals 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 Recreation Thematic Idea Now
Recreation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 33 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 Recreation Theme or any other thematic opportunities.
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Other Information on Investing in Precious Stock
To fully project Precious Metals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Precious Metals And 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 Precious Metals' income statement, its balance sheet, and the statement of cash flows.