Scotch Creek Current Ratio vs. Price To Book
| SCVFF Stock | USD 0.03 0.0002 0.66% |
For Scotch Creek profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Scotch Creek to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Scotch Creek Ventures utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Scotch Creek's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Scotch Creek Ventures over time as well as its relative position and ranking within its peers.
Scotch |
Scotch Creek Ventures Price To Book vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Scotch Creek's current stock value. Our valuation model uses many indicators to compare Scotch Creek value to that of its competitors to determine the firm's financial worth. Scotch Creek Ventures is currently regarded as top stock in current ratio category among its peers. It is rated fifth in price to book category among its peers fabricating about 0.02 of Price To Book per Current Ratio. The ratio of Current Ratio to Price To Book for Scotch Creek Ventures is roughly 44.13 . 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 Scotch Creek's earnings, one of the primary drivers of an investment's value.Scotch Price To Book vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Scotch Creek |
| = | 53.06 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Scotch Creek |
| = | 1.20 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Scotch Price To Book Comparison
Scotch Creek is currently under evaluation in price to book category among its peers.
Scotch Creek Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Scotch Creek, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Scotch Creek will eventually generate negative long term returns. The profitability progress is the general direction of Scotch Creek's change in net profit over the period of time. It can combine multiple indicators of Scotch Creek, 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.
Scotch Creek Ventures Inc. engages in the acquisition, exploration, and development of mineral properties in the United States. The company was incorporated in 2017 and is headquartered in Vancouver, Canada. Scotch Creek operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Scotch Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Scotch Creek. 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 Scotch Creek 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 Scotch Creek's important profitability drivers and their relationship over time.
Use Scotch Creek 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 Scotch Creek 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 Scotch Creek will appreciate offsetting losses from the drop in the long position's value.Scotch Creek Pair Trading
Scotch Creek Ventures Pair Trading Analysis
The ability to find closely correlated positions to Scotch Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scotch Creek 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 Scotch Creek - 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 Scotch Creek Ventures to buy it.
The correlation of Scotch Creek 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 Scotch Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scotch Creek Ventures 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 Scotch Creek 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 Scotch Creek position
In addition to having Scotch Creek 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 Shipbuilding Railroad Equipment Thematic Idea Now
Shipbuilding Railroad Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipbuilding Railroad Equipment theme has 16 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 Shipbuilding Railroad Equipment Theme or any other thematic opportunities.
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Other Information on Investing in Scotch Pink Sheet
To fully project Scotch Creek's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Scotch Creek Ventures 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 Scotch Creek's income statement, its balance sheet, and the statement of cash flows.