Surge Copper Cash Per Share vs. Current Valuation
| SURG Stock | CAD 0.1 0.01 5.00% |
Cash Per Share | First Reported 2010-12-31 | Previous Quarter 0.00048806 | Current Value 0.28383088 | Quarterly Volatility 0.13153407 |
For Surge Copper profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Surge Copper to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Surge Copper Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Surge Copper's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Surge Copper Corp over time as well as its relative position and ranking within its peers.
Surge |
Surge Copper Corp Current Valuation vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Surge Copper's current stock value. Our valuation model uses many indicators to compare Surge Copper value to that of its competitors to determine the firm's financial worth. Surge Copper Corp is currently regarded as top stock in cash per share category among its peers. It is rated second in current valuation category among its peers reporting about 516,407,350 of Current Valuation per Cash Per Share. At this time, Surge Copper's Cash Per Share is fairly stable compared to the past year. 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 Surge Copper's earnings, one of the primary drivers of an investment's value.Surge Current Valuation vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Surge Copper |
| = | 0.04 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Surge Copper |
| = | 20.66 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Surge Current Valuation vs Competition
Surge Copper Corp is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 98.01 Million. Surge Copper totals roughly 20.66 Million in current valuation claiming about 21% of all equities under Materials industry.
Surge Copper Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Surge Copper, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Surge Copper will eventually generate negative long term returns. The profitability progress is the general direction of Surge Copper's change in net profit over the period of time. It can combine multiple indicators of Surge Copper, 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 | 5.1 K | 4.8 K | |
| Operating Income | -2.7 M | -2.6 M | |
| Income Before Tax | -2 M | -1.9 M | |
| Total Other Income Expense Net | 623.8 K | 381.6 K | |
| Net Loss | -1.7 M | -1.6 M | |
| Income Tax Expense | 282.9 K | 297 K | |
| Net Loss | -1.7 M | -1.8 M | |
| Net Loss | -4.4 M | -4.2 M | |
| Net Interest Income | 31.4 K | 32.9 K | |
| Interest Income | 41.8 K | 43.9 K | |
| Change To Netincome | 3.9 M | 4.1 M | |
| Net Loss | (0.01) | (0.18) | |
| Income Quality | 0.49 | 1.22 | |
| Net Income Per E B T | 0.85 | 0.60 |
Surge Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Surge Copper. 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 Surge Copper 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 Surge Copper's important profitability drivers and their relationship over time.
Use Surge Copper 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 Surge Copper 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 Surge Copper will appreciate offsetting losses from the drop in the long position's value.Surge Copper Pair Trading
Surge Copper Corp Pair Trading Analysis
The ability to find closely correlated positions to Surge Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surge Copper 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 Surge Copper - 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 Surge Copper Corp to buy it.
The correlation of Surge Copper 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 Surge Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge Copper Corp 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 Surge Copper 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 Surge Copper position
In addition to having Surge Copper 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?
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Additional Tools for Surge Stock Analysis
When running Surge Copper's price analysis, check to measure Surge Copper's 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 Surge Copper is operating at the current time. Most of Surge Copper's value examination focuses on studying past and present price action to predict the probability of Surge Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Surge Copper's price. Additionally, you may evaluate how the addition of Surge Copper to your portfolios can decrease your overall portfolio volatility.