Tungsten Mining Current Valuation vs. Book Value Per Share
| TGN Stock | 0.08 0 2.63% |
For Tungsten Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tungsten Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tungsten Mining NL utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tungsten Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tungsten Mining NL over time as well as its relative position and ranking within its peers.
Tungsten |
Tungsten Mining NL Book Value Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tungsten Mining's current stock value. Our valuation model uses many indicators to compare Tungsten Mining value to that of its competitors to determine the firm's financial worth. Tungsten Mining NL is rated below average in current valuation category among its peers. It also is rated below average in book value per share category among its peers . The ratio of Current Valuation to Book Value Per Share for Tungsten Mining NL is about 1,533,415,200 . 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 Tungsten Mining's earnings, one of the primary drivers of an investment's value.Tungsten Current Valuation vs. Competition
Tungsten Mining NL is rated below average 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 55.29 Billion. Tungsten Mining adds roughly 53.67 Million in current valuation claiming only tiny portion of all equities under Materials industry.
Tungsten Book Value Per Share vs. Current Valuation
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.
Tungsten Mining |
| = | 53.67 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.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Tungsten Mining |
| = | 0.04 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Tungsten Book Value Per Share Comparison
Tungsten Mining is currently under evaluation in book value per share category among its peers.
Tungsten Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tungsten Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tungsten Mining will eventually generate negative long term returns. The profitability progress is the general direction of Tungsten Mining's change in net profit over the period of time. It can combine multiple indicators of Tungsten Mining, 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 | 9 M | 4.5 M | |
| Operating Income | -5.3 M | -5.6 M | |
| Income Before Tax | -5.4 M | -5.7 M | |
| Total Other Income Expense Net | -38.3 K | -36.4 K | |
| Net Loss | -5.1 M | -5.4 M | |
| Income Tax Expense | -271.8 K | -285.3 K | |
| Net Loss | -5.1 M | -5.4 M | |
| Net Loss | -2.6 M | -2.8 M | |
| Net Interest Income | 461.1 K | 315.9 K | |
| Interest Income | 461.1 K | 484.1 K | |
| Change To Netincome | 21 K | 19.9 K |
Tungsten Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tungsten Mining. 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 Tungsten Mining 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 Tungsten Mining's important profitability drivers and their relationship over time.
Use Tungsten Mining 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 Tungsten Mining 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 Tungsten Mining will appreciate offsetting losses from the drop in the long position's value.Tungsten Mining Pair Trading
Tungsten Mining NL Pair Trading Analysis
The ability to find closely correlated positions to Tungsten Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tungsten Mining 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 Tungsten Mining - 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 Tungsten Mining NL to buy it.
The correlation of Tungsten Mining 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 Tungsten Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tungsten Mining NL 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 Tungsten Mining 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 Tungsten Mining position
In addition to having Tungsten Mining 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 Processed Foods Thematic Idea Now
Processed Foods
Companies producing and distributing processed foods to retail sectors. The Processed Foods theme has 45 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 Processed Foods Theme or any other thematic opportunities.
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Additional Tools for Tungsten Stock Analysis
When running Tungsten Mining's price analysis, check to measure Tungsten Mining'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 Tungsten Mining is operating at the current time. Most of Tungsten Mining's value examination focuses on studying past and present price action to predict the probability of Tungsten Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tungsten Mining's price. Additionally, you may evaluate how the addition of Tungsten Mining to your portfolios can decrease your overall portfolio volatility.