Orezone Gold Cash Per Share vs. Beta
| ORZCF Stock | USD 0.41 0.03 6.82% |
For Orezone Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Orezone Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Orezone Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Orezone Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Orezone Gold Corp over time as well as its relative position and ranking within its peers.
Orezone |
Orezone Gold Corp Beta vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Orezone Gold's current stock value. Our valuation model uses many indicators to compare Orezone Gold value to that of its competitors to determine the firm's financial worth. Orezone Gold Corp is rated below average in cash per share category among its peers. It is regarded third in beta category among its peers totaling about 10.89 of Beta 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 Orezone Gold's earnings, one of the primary drivers of an investment's value.Orezone Beta 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.
Orezone Gold |
| = | 0.07 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.
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.
Orezone Gold |
| = | 0.76 |
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.
Orezone Beta Comparison
Orezone Gold is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, Orezone Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Orezone Gold is expected to be smaller as well.
Orezone Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Orezone Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Orezone Gold will eventually generate negative long term returns. The profitability progress is the general direction of Orezone Gold's change in net profit over the period of time. It can combine multiple indicators of Orezone Gold, 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.
Orezone Gold Corporation engages in the exploration and development of gold properties. The company was incorporated in 2008 and is headquartered in Vancouver, Canada. OREZONE GOLD operates under Gold classification in the United States and is traded on OTC Exchange. It employs 178 people.
Orezone Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Orezone Gold. 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 Orezone Gold 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 Orezone Gold's important profitability drivers and their relationship over time.
Use Orezone Gold 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 Orezone Gold 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 Orezone Gold will appreciate offsetting losses from the drop in the long position's value.Orezone Gold Pair Trading
Orezone Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Orezone Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orezone Gold 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 Orezone Gold - 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 Orezone Gold Corp to buy it.
The correlation of Orezone Gold 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 Orezone Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orezone Gold 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 Orezone Gold 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 Orezone Gold position
In addition to having Orezone Gold 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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Other Information on Investing in Orezone OTC Stock
To fully project Orezone Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Orezone Gold Corp 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 Orezone Gold's income statement, its balance sheet, and the statement of cash flows.