Nobel Resources Earnings Per Share vs. Current Valuation
| NBTRF Stock | USD 0.02 0.02 39.11% |
For Nobel Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nobel Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nobel Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nobel Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nobel Resources Corp over time as well as its relative position and ranking within its peers.
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Nobel Resources Corp Current Valuation vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nobel Resources's current stock value. Our valuation model uses many indicators to compare Nobel Resources value to that of its competitors to determine the firm's financial worth. Nobel Resources Corp is rated below average in earnings per share category among its peers. It also is rated below average in current valuation 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 Nobel Resources' earnings, one of the primary drivers of an investment's value.Nobel Current Valuation vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
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| = | (0.15) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
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.
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| = | 125.42 K |
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.
Nobel Current Valuation vs Competition
Nobel Resources 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 425.73 Million. Nobel Resources adds roughly 125,423 in current valuation claiming only tiny portion of all equities under Other Industrial Metals & Mining industry.
Nobel Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nobel Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nobel Resources will eventually generate negative long term returns. The profitability progress is the general direction of Nobel Resources' change in net profit over the period of time. It can combine multiple indicators of Nobel 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.
Nobel Resources Corp. engages in the acquisition, exploration, and development of mineral properties. The company was incorporated in 2020 and is headquartered in Toronto, Canada. Nobel Res operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Nobel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nobel 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 Nobel 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 Nobel Resources' important profitability drivers and their relationship over time.
Use Nobel 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 Nobel 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 Nobel Resources will appreciate offsetting losses from the drop in the long position's value.Nobel Resources Pair Trading
Nobel Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Nobel 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 Nobel 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 Nobel 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 Nobel Resources Corp to buy it.
The correlation of Nobel 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 Nobel Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nobel Resources 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 Nobel 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 Nobel Resources position
In addition to having Nobel 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?
Run Junk Bonds Funds Thematic Idea Now
Junk Bonds Funds
Funds or Etfs that invest most of their assets into speculative (junk) bonds or to other fixed income instruments with interest rates 3 to 4 percentage points above government issues. The Junk Bonds Funds theme has 42 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 Junk Bonds Funds Theme or any other thematic opportunities.
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Other Information on Investing in Nobel OTC Stock
To fully project Nobel Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nobel Resources 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 Nobel Resources' income statement, its balance sheet, and the statement of cash flows.