Millennium Silver Book Value Per Share vs. Cash Per Share
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For Millennium Silver profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Millennium Silver to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Millennium Silver Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Millennium Silver's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Millennium Silver Corp over time as well as its relative position and ranking within its peers.
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Millennium Silver Corp Cash Per Share vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Millennium Silver's current stock value. Our valuation model uses many indicators to compare Millennium Silver value to that of its competitors to determine the firm's financial worth. Millennium Silver Corp is considered to be number one stock in book value per share category among its peers. It also is considered to be number one stock in cash per share 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 Millennium Silver's earnings, one of the primary drivers of an investment's value.Millennium Cash Per Share vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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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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.
Millennium Silver Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Millennium Silver, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Millennium Silver will eventually generate negative long term returns. The profitability progress is the general direction of Millennium Silver's change in net profit over the period of time. It can combine multiple indicators of Millennium Silver, 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 | ||
| Net Interest Income | -5.2 K | -5.4 K | |
| Operating Income | -88.7 K | -93.1 K | |
| Net Loss | -6.6 M | -6.3 M | |
| Income Before Tax | -6.6 M | -6.3 M | |
| Total Other Income Expense Net | -6.6 M | -6.2 M | |
| Net Loss | -370.6 K | -389.1 K | |
| Net Loss | -6.6 M | -6.3 M | |
| Change To Netincome | 140.9 K | 103.7 K |
Millennium Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Millennium Silver. 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 Millennium Silver 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 Millennium Silver's important profitability drivers and their relationship over time.
Use Millennium Silver 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 Millennium Silver 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 Millennium Silver will appreciate offsetting losses from the drop in the long position's value.Millennium Silver Pair Trading
Millennium Silver Corp Pair Trading Analysis
The ability to find closely correlated positions to Millennium Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Millennium Silver 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 Millennium Silver - 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 Millennium Silver Corp to buy it.
The correlation of Millennium Silver 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 Millennium Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millennium Silver 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 Millennium Silver 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 Millennium Silver position
In addition to having Millennium Silver 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 Compulsion Thematic Idea Now
Compulsion
Companies involved in research, development, and manufacturing of products with compulsion characteristics such as cigarettes, addictive drugs and alcohol. The Compulsion theme has 40 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 Compulsion Theme or any other thematic opportunities.
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Additional Tools for Millennium Stock Analysis
When running Millennium Silver's price analysis, check to measure Millennium Silver'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 Millennium Silver is operating at the current time. Most of Millennium Silver's value examination focuses on studying past and present price action to predict the probability of Millennium Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Millennium Silver's price. Additionally, you may evaluate how the addition of Millennium Silver to your portfolios can decrease your overall portfolio volatility.