Orefinders Resources Revenue vs. Current Valuation
Orefinders Resources Current Valuation vs. Revenue 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 currently under evaluation in revenue category among its peers. It is regarded fourth 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 Orefinders Resources' earnings, one of the primary drivers of an investment's value.Orefinders Revenue vs. Competition
Orefinders Resources is currently under evaluation in revenue category among its peers. Market size based on revenue of Gold industry is now estimated at about 0.0. Orefinders Resources adds roughly 0.0 in revenue claiming only tiny portion of equities under Gold industry.
Orefinders Current Valuation vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
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Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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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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.
Orefinders Current Valuation vs Competition
Orefinders Resources is regarded fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Gold industry is now estimated at about 89.96 Million. Orefinders Resources holds roughly 2.53 Million in current valuation claiming about 2.81% of equities under Gold industry.
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
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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.