Providence Resources Beta vs. Retained Earnings
| PVRS Stock | USD 0.01 0 20.00% |
For Providence Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Providence Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Providence Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Providence Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Providence Resources over time as well as its relative position and ranking within its peers.
Providence |
Providence Resources Retained Earnings vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Providence Resources's current stock value. Our valuation model uses many indicators to compare Providence Resources value to that of its competitors to determine the firm's financial worth. Providence Resources is considered to be number one stock in beta category among its peers. It also is considered to be number one stock in retained earnings 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 Resources' earnings, one of the primary drivers of an investment's value.Providence Retained Earnings vs. Beta
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.
Providence Resources |
| = | -4.44 |
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.
Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
Providence Resources |
| = | (70.34 M) |
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
Providence Retained Earnings Comparison
Providence Resources is currently under evaluation in retained earnings category among its peers.
Beta Analysis
As returns on the market increase, returns on owning Providence Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Providence Resources is expected to outperform it.
Providence Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Providence Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Providence Resources will eventually generate negative long term returns. The profitability progress is the general direction of Providence Resources' change in net profit over the period of time. It can combine multiple indicators of Providence 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.
Providence Resources, Inc., an exploration stage company, engages in the acquisition, exploration, and development of oil and gas properties. Providence Resources operates under Shell Companies classification in the United States and is traded on OTC Exchange. It employs 1 people.
Providence Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Providence 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 Providence 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 Providence Resources' important profitability drivers and their relationship over time.
Use Providence 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 Providence 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 Providence Resources will appreciate offsetting losses from the drop in the long position's value.Providence Resources Pair Trading
Providence Resources Pair Trading Analysis
The ability to find closely correlated positions to Providence 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 Providence 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 Providence 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 Providence Resources to buy it.
The correlation of Providence 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 Providence Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Providence 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 Providence 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 Providence Resources position
In addition to having Providence Resources 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 Money Funds Thematic Idea Now
Money Funds
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 38 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 Money Funds Theme or any other thematic opportunities.
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Additional Tools for Providence Pink Sheet Analysis
When running Providence Resources' price analysis, check to measure Providence Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Providence Resources is operating at the current time. Most of Providence Resources' value examination focuses on studying past and present price action to predict the probability of Providence Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Providence Resources' price. Additionally, you may evaluate how the addition of Providence Resources to your portfolios can decrease your overall portfolio volatility.