Providence Gold Book Value Per Share vs. EBITDA
Based on the measurements of profitability obtained from Providence Gold's financial statements, Providence Gold Mines may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Providence Gold's ability to earn profits and add value for shareholders.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Please note, there is a significant difference between Providence Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Providence Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Providence Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Providence Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Providence Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Providence Gold Mines utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Providence Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Providence Gold Mines over time as well as its relative position and ranking within its peers.
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Providence Gold Mines EBITDA vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Providence Gold's current stock value. Our valuation model uses many indicators to compare Providence Gold value to that of its competitors to determine the firm's financial worth. Providence Gold Mines is regarded second in book value per share category among its peers. It is considered to be number one stock in ebitda 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 Providence Gold's earnings, one of the primary drivers of an investment's value.Providence EBITDA 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.
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| = | 0.04 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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
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| = | (608.88 K) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Providence EBITDA Comparison
Providence Gold is currently under evaluation in ebitda category among its peers.
Providence Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Providence Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Providence Gold will eventually generate negative long term returns. The profitability progress is the general direction of Providence Gold's change in net profit over the period of time. It can combine multiple indicators of Providence 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.
Providence Gold Mines Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties located in the United States. Providence Gold Mines Inc. was incorporated in 2010 and is based in Surrey, Canada. Providence Gold is traded on OTC Exchange in the United States.
Providence Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Providence 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 Providence 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 Providence Gold's important profitability drivers and their relationship over time.
Use Providence 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 Providence 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 Providence Gold will appreciate offsetting losses from the drop in the long position's value.Providence Gold Pair Trading
Providence Gold Mines Pair Trading Analysis
The ability to find closely correlated positions to Providence 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 Providence 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 Providence 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 Providence Gold Mines to buy it.
The correlation of Providence 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 Providence Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Providence Gold Mines 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 Providence 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 Providence Gold position
In addition to having Providence 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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Robots And Drones
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Other Information on Investing in Providence Pink Sheet
To fully project Providence Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Providence Gold Mines 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 Providence Gold's income statement, its balance sheet, and the statement of cash flows.