Osisko Metals Book Value Per Share vs. Beta
| OMZNF Stock | USD 0.18 0.01 5.26% |
For Osisko Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Osisko Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Osisko Metals Incorporated utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Osisko Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Osisko Metals Incorporated over time as well as its relative position and ranking within its peers.
Osisko |
Osisko Metals Beta vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Osisko Metals's current stock value. Our valuation model uses many indicators to compare Osisko Metals value to that of its competitors to determine the firm's financial worth. Osisko Metals Incorporated is regarded third in book value per share category among its peers. It is regarded fourth in beta category among its peers totaling about 2.51 of Beta per Book Value 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 Osisko Metals' earnings, one of the primary drivers of an investment's value.Osisko Beta 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.
Osisko Metals |
| = | 0.45 X |
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.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Osisko Metals |
| = | 1.13 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Osisko Beta Comparison
Osisko Metals is currently under evaluation in beta category among its peers.
Beta Analysis
Osisko Metals returns are very sensitive to returns on the market. As the market goes up or down, Osisko Metals is expected to follow.
Osisko Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Osisko Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Osisko Metals will eventually generate negative long term returns. The profitability progress is the general direction of Osisko Metals' change in net profit over the period of time. It can combine multiple indicators of Osisko 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.
Osisko Metals Incorporated, together with its subsidiaries, engages in the exploration and evaluation of based metal properties in Canada. Osisko Metals Incorporated was incorporated in 2000 and is headquartered in Montreal, Canada. Osisko Metals operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Osisko Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Osisko 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 Osisko 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 Osisko Metals' important profitability drivers and their relationship over time.
Use Osisko 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 Osisko 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 Osisko Metals will appreciate offsetting losses from the drop in the long position's value.Osisko Metals Pair Trading
Osisko Metals Incorporated Pair Trading Analysis
The ability to find closely correlated positions to Osisko 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 Osisko 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 Osisko 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 Osisko Metals Incorporated to buy it.
The correlation of Osisko 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 Osisko Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Osisko Metals 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 Osisko 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 Osisko Metals position
In addition to having Osisko 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?
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Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 37 constituents at this time.
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Other Information on Investing in Osisko OTC Stock
To fully project Osisko Metals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Osisko Metals 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 Osisko Metals' income statement, its balance sheet, and the statement of cash flows.