Prime Meridian Net Income vs. Z Score
| PMDRF Stock | USD 0.11 0.01 10.00% |
For Prime Meridian profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Prime Meridian to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Prime Meridian Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Prime Meridian's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Prime Meridian Resources over time as well as its relative position and ranking within its peers.
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Prime Meridian Resources Z Score vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Prime Meridian's current stock value. Our valuation model uses many indicators to compare Prime Meridian value to that of its competitors to determine the firm's financial worth. Prime Meridian Resources is considered to be number one stock in net income category among its peers. It also is considered to be number one stock in z score 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 Prime Meridian's earnings, one of the primary drivers of an investment's value.Prime Z Score vs. Net Income
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.
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| = | (1.3 M) |
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.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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| = | -0.3 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Prime Z Score Comparison
Prime Meridian is currently under evaluation in z score category among its peers.
Prime Meridian Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Prime Meridian, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Prime Meridian will eventually generate negative long term returns. The profitability progress is the general direction of Prime Meridian's change in net profit over the period of time. It can combine multiple indicators of Prime Meridian, 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.
Prime Meridian Resources Corp. engages in the development, evaluation, and exploration of mineral resource properties. Prime Meridian Resources Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. Prime Meridian is traded on OTC Exchange in the United States.
Prime Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Prime Meridian. 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 Prime Meridian 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 Prime Meridian's important profitability drivers and their relationship over time.
Use Prime Meridian 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 Prime Meridian 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 Prime Meridian will appreciate offsetting losses from the drop in the long position's value.Prime Meridian Pair Trading
Prime Meridian Resources Pair Trading Analysis
The ability to find closely correlated positions to Prime Meridian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Meridian 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 Prime Meridian - 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 Prime Meridian Resources to buy it.
The correlation of Prime Meridian 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 Prime Meridian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prime Meridian 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 Prime Meridian 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 Prime Meridian position
In addition to having Prime Meridian 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 Large Growth Funds Thematic Idea Now
Large Growth Funds
Funds or Etfs that invest in stocks of large-sized companies with above-average risk and growth rate. The Large Growth Funds theme has 48 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 Large Growth Funds Theme or any other thematic opportunities.
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Other Information on Investing in Prime Pink Sheet
To fully project Prime Meridian's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Prime Meridian 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 Prime Meridian's income statement, its balance sheet, and the statement of cash flows.