Sixty North Beta vs. EBITDA
| SXNTF Stock | USD 0.08 0.01 8.91% |
For Sixty North profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sixty North to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sixty North Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sixty North's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sixty North Gold over time as well as its relative position and ranking within its peers.
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Sixty North Gold EBITDA vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sixty North's current stock value. Our valuation model uses many indicators to compare Sixty North value to that of its competitors to determine the firm's financial worth. Sixty North Gold is currently regarded as top stock in beta category among its peers. It is rated third in ebitda 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 Sixty North's earnings, one of the primary drivers of an investment's value.Sixty EBITDA vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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| = | 1.62 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Sixty North |
| = | (708.03 K) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Sixty EBITDA Comparison
Sixty North is currently under evaluation in ebitda category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sixty North will likely underperform.
Sixty North Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sixty North, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sixty North will eventually generate negative long term returns. The profitability progress is the general direction of Sixty North's change in net profit over the period of time. It can combine multiple indicators of Sixty North, 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.
Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada. The company was incorporated in 2016 and is headquartered in Vancouver, Canada. SIXTY NORTH operates under Gold classification in the United States and is traded on PNK Exchange.
Sixty Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sixty North. 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 Sixty North 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 Sixty North's important profitability drivers and their relationship over time.
Use Sixty North 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 Sixty North 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 Sixty North will appreciate offsetting losses from the drop in the long position's value.Sixty North Pair Trading
Sixty North Gold Pair Trading Analysis
The ability to find closely correlated positions to Sixty North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sixty North 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 Sixty North - 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 Sixty North Gold to buy it.
The correlation of Sixty North 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 Sixty North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sixty North 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 Sixty North 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 Sixty North position
In addition to having Sixty North 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 ESG Investing Thematic Idea Now
ESG Investing
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Other Information on Investing in Sixty Pink Sheet
To fully project Sixty North's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sixty North 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 Sixty North's income statement, its balance sheet, and the statement of cash flows.