Star Diamond Price To Sales vs. Return On Asset
| SHGDF Stock | USD 0.02 0.01 33.33% |
For Star Diamond profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Star Diamond to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Star Diamond utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Star Diamond's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Star Diamond over time as well as its relative position and ranking within its peers.
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Star Diamond Return On Asset vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Star Diamond's current stock value. Our valuation model uses many indicators to compare Star Diamond value to that of its competitors to determine the firm's financial worth. Star Diamond is currently regarded as top stock in price to sales category among its peers. It is rated below average in return on asset 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 Star Diamond's earnings, one of the primary drivers of an investment's value.Star Return On Asset vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Star Diamond |
| = | 2,985 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's 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.
Star Diamond |
| = | -0.0406 |
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.
Star Return On Asset Comparison
Star Diamond is currently under evaluation in return on asset category among its peers.
Star Diamond Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Star Diamond, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Star Diamond will eventually generate negative long term returns. The profitability progress is the general direction of Star Diamond's change in net profit over the period of time. It can combine multiple indicators of Star Diamond, 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.
Star Diamond Corporation engages in the exploration, development, and production of diamonds in Canada. Star Diamond Corporation was incorporated in 1985 and is headquartered in Saskatoon, Canada. Shore Gold operates under Other Precious Metals Mining classification in the United States and is traded on OTC Exchange. It employs 5 people.
Star Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Star Diamond. 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 Star Diamond 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 Star Diamond's important profitability drivers and their relationship over time.
Use Star Diamond 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 Star Diamond 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 Star Diamond will appreciate offsetting losses from the drop in the long position's value.Star Diamond Pair Trading
Star Diamond Pair Trading Analysis
The ability to find closely correlated positions to Star Diamond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star Diamond 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 Star Diamond - 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 Star Diamond to buy it.
The correlation of Star Diamond 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 Star Diamond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Diamond 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 Star Diamond 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 Star Diamond position
In addition to having Star Diamond 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 Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 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 Construction Materials Theme or any other thematic opportunities.
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Other Information on Investing in Star Pink Sheet
To fully project Star Diamond's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Star Diamond 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 Star Diamond's income statement, its balance sheet, and the statement of cash flows.