Topaz Energy Return On Asset vs. Cash Per Share
| TPZEF Stock | USD 18.88 0.55 2.83% |
For Topaz Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Topaz Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Topaz Energy Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Topaz Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Topaz Energy Corp over time as well as its relative position and ranking within its peers.
Topaz |
Topaz Energy Corp Cash Per Share vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Topaz Energy's current stock value. Our valuation model uses many indicators to compare Topaz Energy value to that of its competitors to determine the firm's financial worth. Topaz Energy Corp is currently regarded as top stock in return on asset category among its peers. It also is currently regarded as top stock in cash per share category among its peers fabricating about 1.22 of Cash Per Share per Return On Asset. 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 Topaz Energy's earnings, one of the primary drivers of an investment's value.Topaz Cash Per Share vs. Return On Asset
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.
Topaz Energy |
| = | 0.0491 |
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.
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.
Topaz Energy |
| = | 0.06 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.
Topaz Cash Per Share Comparison
Topaz Energy is currently under evaluation in cash per share category among its peers.
Topaz Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Topaz Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Topaz Energy will eventually generate negative long term returns. The profitability progress is the general direction of Topaz Energy's change in net profit over the period of time. It can combine multiple indicators of Topaz Energy, 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.
Topaz Energy Corp. operates as a royalty and energy infrastructure company. Topaz Energy Corp. was incorporated in 2006 and is headquartered in Calgary, Canada. TOPAZ ENERGY operates under Oil Gas Midstream classification in the United States and is traded on OTC Exchange. It employs 8 people.
Topaz Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Topaz Energy. 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 Topaz Energy 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 Topaz Energy's important profitability drivers and their relationship over time.
Use Topaz Energy 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 Topaz Energy 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Topaz Energy Pair Trading
Topaz Energy Corp Pair Trading Analysis
The ability to find closely correlated positions to Topaz Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Topaz Energy 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 Topaz Energy - 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 Topaz Energy Corp to buy it.
The correlation of Topaz Energy 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy 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 Topaz Energy 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 Topaz Energy position
In addition to having Topaz Energy 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 Soft Drinks Thematic Idea Now
Soft Drinks
Entities manufacturing and distributing non alcoholic beverages across different markets. The Soft Drinks theme has 48 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 Soft Drinks Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Topaz Pink Sheet
To fully project Topaz Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Topaz Energy Corp 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 Topaz Energy's income statement, its balance sheet, and the statement of cash flows.