Rigel Resource Net Income vs. Return On Asset
| RRACDelisted Stock | USD 11.50 0.00 0.00% |
For Rigel Resource profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Rigel Resource to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Rigel Resource Acquisition utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Rigel Resource's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Rigel Resource Acquisition over time as well as its relative position and ranking within its peers.
Rigel |
Rigel Resource Acqui Return On Asset vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Rigel Resource's current stock value. Our valuation model uses many indicators to compare Rigel Resource value to that of its competitors to determine the firm's financial worth. Rigel Resource Acquisition is rated fourth in net income category among its peers. It is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Rigel Resource by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Rigel Resource's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Rigel Return On Asset 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.
Rigel Resource |
| = | 7.47 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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Rigel Resource |
| = | -0.0136 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Rigel Return On Asset Comparison
Rigel Resource is currently under evaluation in return on asset category among its peers.
Rigel Resource Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Rigel Resource, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Rigel Resource will eventually generate negative long term returns. The profitability progress is the general direction of Rigel Resource's change in net profit over the period of time. It can combine multiple indicators of Rigel Resource, 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.
Rigel Resource Acquisition Corp. does not have significant operations. The company was incorporated in 2021 and is based in New York, New York. Rigel Resource operates under Shell Companies classification in the United States and is traded on New York Stock Exchange.
Rigel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Rigel Resource. 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 Rigel Resource 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 Rigel Resource's important profitability drivers and their relationship over time.
Use Rigel Resource 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 Rigel Resource 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 Rigel Resource will appreciate offsetting losses from the drop in the long position's value.Rigel Resource Pair Trading
Rigel Resource Acquisition Pair Trading Analysis
The ability to find closely correlated positions to Rigel Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rigel Resource 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 Rigel Resource - 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 Rigel Resource Acquisition to buy it.
The correlation of Rigel Resource 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 Rigel Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rigel Resource Acqui 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 Rigel Resource 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 Rigel Resource position
In addition to having Rigel Resource 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 Communication Services Thematic Idea Now
Communication Services
Companies that provide networking, telecom, and long distance services. The Communication Services theme has 43 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 Communication Services Theme or any other thematic opportunities.
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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 nation. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Consideration for investing in Rigel Pink Sheet
If you are still planning to invest in Rigel Resource Acqui check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Rigel Resource's history and understand the potential risks before investing.
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