Prime Meridian Total Asset vs. Market Capitalization
| 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 Market Capitalization vs. Total Asset 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 total asset category among its peers. It also is considered to be number one stock in market capitalization category among its peers creating about 11.90 of Market Capitalization per Total Asset. 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 Market Capitalization vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Prime Meridian |
| = | 627.1 K |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Prime Meridian |
| = | 7.46 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Prime Market Capitalization vs Competition
Prime Meridian Resources is considered to be number one stock in market capitalization category among its peers. Market capitalization of Gold industry is at this time estimated at about 476.52 Million. Prime Meridian claims roughly 7.46 Million in market capitalization contributing just under 2% to equities under Gold industry.
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 Broad Municipals ETFs Thematic Idea Now
Broad Municipals ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Municipals ETFs theme has 50 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 Broad Municipals ETFs 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.