O3 Mining Cash Per Share vs. Current Valuation
| OIIIF Stock | USD 0.77 0.02 2.67% |
For O3 Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of O3 Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well O3 Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between O3 Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of O3 Mining over time as well as its relative position and ranking within its peers.
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O3 Mining Current Valuation vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining O3 Mining's current stock value. Our valuation model uses many indicators to compare O3 Mining value to that of its competitors to determine the firm's financial worth. O3 Mining is considered to be number one stock in cash per share category among its peers. It is regarded fourth in current valuation category among its peers reporting about 157,997,842 of Current Valuation per Cash Per Share. 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 O3 Mining's earnings, one of the primary drivers of an investment's value.OIIIF Current Valuation vs. Cash Per Share
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.
O3 Mining |
| = | 0.43 X |
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.
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.
O3 Mining |
| = | 67.94 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.
OIIIF Current Valuation vs Competition
O3 Mining is regarded fourth 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 705.36 Million. O3 Mining holds roughly 67.94 Million in current valuation claiming about 10% of all equities under Other Industrial Metals & Mining industry.
O3 Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in O3 Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, O3 Mining will eventually generate negative long term returns. The profitability progress is the general direction of O3 Mining's change in net profit over the period of time. It can combine multiple indicators of O3 Mining, 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.
O3 Mining Inc. engages in the acquisition, exploration, and development of precious mineral deposits in Canada. It has an option to acquire a 100 percent interest in the Emgolds East-West property consisting of seven mining claims covering an area of 184 hectares situated in the Val-dOr mining camp in Qubec. O3 Mining operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
OIIIF Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on O3 Mining. 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 O3 Mining 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 O3 Mining's important profitability drivers and their relationship over time.
Use O3 Mining 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 O3 Mining 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 O3 Mining will appreciate offsetting losses from the drop in the long position's value.O3 Mining Pair Trading
O3 Mining Pair Trading Analysis
The ability to find closely correlated positions to O3 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace O3 Mining 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 O3 Mining - 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 O3 Mining to buy it.
The correlation of O3 Mining 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 O3 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if O3 Mining 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 O3 Mining 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 O3 Mining position
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Other Information on Investing in OIIIF OTC Stock
To fully project O3 Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of O3 Mining 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 O3 Mining's income statement, its balance sheet, and the statement of cash flows.