Orefinders Resources Book Value Per Share vs. Net Income
Orefinders Resources Net Income vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Orefinders Resources's current stock value. Our valuation model uses many indicators to compare Orefinders Resources value to that of its competitors to determine the firm's financial worth. Orefinders Resources is regarded third in book value per share category among its peers. It is considered to be number one stock in net income category among its peers making up about 17,975,485 of Net Income 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 Orefinders Resources' earnings, one of the primary drivers of an investment's value.Orefinders Net Income 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.
Orefinders Resources |
| = | 0.03 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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Orefinders Resources |
| = | 593.19 K |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Orefinders Net Income Comparison
Orefinders Resources is currently under evaluation in net income category among its peers.
Orefinders Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Orefinders Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Orefinders Resources will eventually generate negative long term returns. The profitability progress is the general direction of Orefinders Resources' change in net profit over the period of time. It can combine multiple indicators of Orefinders 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.
Orefinders Resources Inc. engages in the exploration, development, and production of gold assets in the Abitibi region of Ontario. The company was incorporated in 2011 and is headquartered in Toronto, Canada. Orange Fund is traded on OTC Exchange in the United States.
Orefinders Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Orefinders 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 Orefinders 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 Orefinders Resources' important profitability drivers and their relationship over time.
Orefinders Resources Earnings per Share Projection vs Actual
Use Orefinders 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 Orefinders 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 Orefinders Resources will appreciate offsetting losses from the drop in the long position's value.Orefinders Resources Pair Trading
Orefinders Resources Pair Trading Analysis
The ability to find closely correlated positions to Orefinders 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 Orefinders 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 Orefinders 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 Orefinders Resources to buy it.
The correlation of Orefinders 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 Orefinders Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orefinders Resources 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 Orefinders 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 Orefinders Resources position
In addition to having Orefinders 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 Size And Style ETFs Thematic Idea Now
Size And Style ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Size And Style ETFs theme has 1416 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 Size And Style ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Orefinders OTC Stock
To fully project Orefinders Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Orefinders Resources 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 Orefinders Resources' income statement, its balance sheet, and the statement of cash flows.