Noram Lithium Current Ratio vs. Current Valuation
| NRM Stock | CAD 0.13 0.01 8.33% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 7.79904982 | Current Value 9.77 | Quarterly Volatility 21.26099076 |
For Noram Lithium profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Noram Lithium to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Noram Lithium Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Noram Lithium's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Noram Lithium Corp over time as well as its relative position and ranking within its peers.
Noram |
Noram Lithium Corp Current Valuation vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Noram Lithium's current stock value. Our valuation model uses many indicators to compare Noram Lithium value to that of its competitors to determine the firm's financial worth. Noram Lithium Corp is regarded fifth in current ratio category among its peers. It is regarded second in current valuation category among its peers reporting about 17,799,000 of Current Valuation per Current Ratio. At this time, Noram Lithium's Current Ratio is fairly stable compared to the past year. 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 Noram Lithium's earnings, one of the primary drivers of an investment's value.Noram Current Valuation vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Noram Lithium |
| = | 0.55 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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.
Noram Lithium |
| = | 9.79 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.
Noram Current Valuation vs Competition
Noram Lithium Corp is regarded second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is now estimated at about 93.78 Million. Noram Lithium retains roughly 9.79 Million in current valuation claiming about 10% of all equities under Materials industry.
Noram Lithium Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Noram Lithium, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Noram Lithium will eventually generate negative long term returns. The profitability progress is the general direction of Noram Lithium's change in net profit over the period of time. It can combine multiple indicators of Noram Lithium, 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 | 9.4 M | 9.9 M | |
| Operating Income | -6.4 M | -6 M | |
| Income Before Tax | -5.7 M | -5.4 M | |
| Total Other Income Expense Net | 694.5 K | 729.2 K | |
| Net Loss | -5.7 M | -5.4 M | |
| Income Tax Expense | (3.00) | (2.85) | |
| Net Loss | -5.7 M | -5.4 M | |
| Net Loss | -4.8 M | -4.5 M | |
| Net Interest Income | 251.6 K | 264.2 K | |
| Interest Income | 259.7 K | 272.7 K | |
| Change To Netincome | 4.2 M | 4.4 M | |
| Net Loss | (0.06) | (0.07) | |
| Income Quality | 0.86 | 0.90 | |
| Net Income Per E B T | 1.02 | 1.09 |
Noram Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Noram Lithium. 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 Noram Lithium 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 Noram Lithium's important profitability drivers and their relationship over time.
Use Noram Lithium 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 Noram Lithium 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 Noram Lithium will appreciate offsetting losses from the drop in the long position's value.Noram Lithium Pair Trading
Noram Lithium Corp Pair Trading Analysis
The ability to find closely correlated positions to Noram Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noram Lithium 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 Noram Lithium - 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 Noram Lithium Corp to buy it.
The correlation of Noram Lithium 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 Noram Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noram Lithium 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 Noram Lithium 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 Noram Lithium position
In addition to having Noram Lithium 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 Noram Stock Analysis
When running Noram Lithium's price analysis, check to measure Noram Lithium'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 Noram Lithium is operating at the current time. Most of Noram Lithium's value examination focuses on studying past and present price action to predict the probability of Noram Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noram Lithium's price. Additionally, you may evaluate how the addition of Noram Lithium to your portfolios can decrease your overall portfolio volatility.