Signal Gold Profitability Analysis
| SGNL Stock | 0.07 0.01 6.67% |
Net Loss | First Reported 2000-06-30 | Previous Quarter -2.5 M | Current Value -23 M | Quarterly Volatility 3 M |
For Signal Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Signal Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Signal Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Signal Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Signal Gold over time as well as its relative position and ranking within its peers.
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Signal Gold Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Signal Gold's current stock value. Our valuation model uses many indicators to compare Signal Gold value to that of its competitors to determine the firm's financial worth. Signal Gold is rated fourth in return on equity category among its peers. It also is rated fourth in return on asset category among its peers . At this time, Signal Gold's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Signal Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Signal Gold's Stock. 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.Signal Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | -1.01 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
Signal Gold |
| = | -0.36 |
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.
Signal Return On Asset Comparison
Signal Gold is currently under evaluation in return on asset category among its peers.
Signal Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Signal Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Signal Gold will eventually generate negative long term returns. The profitability progress is the general direction of Signal Gold's change in net profit over the period of time. It can combine multiple indicators of Signal 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 6.3 M | 6.7 M | |
| Operating Income | -5.9 M | -5.6 M | |
| Income Before Tax | -10.6 M | -10 M | |
| Total Other Income Expense Net | -4.7 M | -4.5 M | |
| Net Loss | -15 M | -14.3 M | |
| Income Tax Expense | 4.4 M | 4.6 M | |
| Interest Income | 193.8 K | 184.1 K | |
| Net Loss | -10.5 M | -10 M | |
| Net Interest Income | -3 M | -2.9 M | |
| Net Loss | -18.5 M | -17.6 M | |
| Change To Netincome | 6.3 M | 3.5 M | |
| Net Loss | (0.07) | (0.07) | |
| Income Quality | 0.20 | 0.19 | |
| Net Income Per E B T | 1.50 | 1.59 |
Signal Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Signal 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 Signal 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 Signal Gold's important profitability drivers and their relationship over time.
Use Signal 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 Signal 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 Signal Gold will appreciate offsetting losses from the drop in the long position's value.Signal Gold Pair Trading
Signal Gold Pair Trading Analysis
The ability to find closely correlated positions to Signal 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 Signal 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 Signal 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 Signal Gold to buy it.
The correlation of Signal 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 Signal Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Signal Gold 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 Signal 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 Signal Gold position
In addition to having Signal 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?
Run Asset Management Thematic Idea Now
Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 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 Asset Management Theme or any other thematic opportunities.
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Other Information on Investing in Signal Stock
To fully project Signal Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Signal Gold 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 Signal Gold's income statement, its balance sheet, and the statement of cash flows.