TAG Oil Price To Book vs. Short Ratio
| TAO Stock | CAD 0.15 0.01 6.25% |
For TAG Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TAG Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TAG Oil utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TAG Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TAG Oil over time as well as its relative position and ranking within its peers.
TAG |
TAG Oil Short Ratio vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TAG Oil's current stock value. Our valuation model uses many indicators to compare TAG Oil value to that of its competitors to determine the firm's financial worth. TAG Oil is rated third in price to book category among its peers. It also is rated third in short ratio category among its peers fabricating about 0.68 of Short Ratio per Price To Book. The ratio of Price To Book to Short Ratio for TAG Oil is roughly 1.48 . 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 TAG Oil's earnings, one of the primary drivers of an investment's value.TAG Short Ratio vs. Price To Book
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.
TAG Oil |
| = | 0.80 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.
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
TAG Oil |
| = | 0.54 X |
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
TAG Short Ratio Comparison
TAG Oil is currently under evaluation in short ratio category among its peers.
TAG Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TAG Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TAG Oil will eventually generate negative long term returns. The profitability progress is the general direction of TAG Oil's change in net profit over the period of time. It can combine multiple indicators of TAG Oil, 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 | ||
| Net Interest Income | 656.6 K | 689.5 K | |
| Interest Income | 656.6 K | 633.5 K | |
| Operating Income | -6 M | -5.7 M | |
| Net Loss | -2.7 M | -2.8 M | |
| Income Before Tax | -2.7 M | -2.8 M | |
| Total Other Income Expense Net | 2.8 M | 2.9 M | |
| Net Loss | -2.8 M | -2.9 M | |
| Net Loss | -2.7 M | -2.8 M | |
| Income Tax Expense | -1.1 K | -1.2 K | |
| Change To Netincome | -1 M | -967 K | |
| Net Loss | (0.05) | (0.05) | |
| Income Quality | 0.48 | 0.79 | |
| Net Income Per E B T | 1.31 | 0.78 |
TAG Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TAG Oil. 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 TAG Oil 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 TAG Oil's important profitability drivers and their relationship over time.
Use TAG Oil 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 TAG Oil 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 TAG Oil will appreciate offsetting losses from the drop in the long position's value.TAG Oil Pair Trading
TAG Oil Pair Trading Analysis
The ability to find closely correlated positions to TAG Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TAG Oil 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 TAG Oil - 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 TAG Oil to buy it.
The correlation of TAG Oil 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 TAG Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TAG Oil 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 TAG Oil 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 TAG Oil position
In addition to having TAG Oil 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 TAG Stock Analysis
When running TAG Oil's price analysis, check to measure TAG Oil'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 TAG Oil is operating at the current time. Most of TAG Oil's value examination focuses on studying past and present price action to predict the probability of TAG Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TAG Oil's price. Additionally, you may evaluate how the addition of TAG Oil to your portfolios can decrease your overall portfolio volatility.