Wesdome Gold Shares Owned By Insiders vs. Return On Equity
| WDOFF Stock | USD 8.62 0.05 0.58% |
For Wesdome Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wesdome Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wesdome Gold Mines utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wesdome Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wesdome Gold Mines over time as well as its relative position and ranking within its peers.
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Wesdome Gold Mines Return On Equity vs. Shares Owned By Insiders Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Wesdome Gold's current stock value. Our valuation model uses many indicators to compare Wesdome Gold value to that of its competitors to determine the firm's financial worth. Wesdome Gold Mines is rated second in shares owned by insiders category among its peers. It is rated first in return on equity category among its peers reporting about 0.08 of Return On Equity per Shares Owned By Insiders. The ratio of Shares Owned By Insiders to Return On Equity for Wesdome Gold Mines is roughly 12.23 . 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 Wesdome Gold's earnings, one of the primary drivers of an investment's value.Wesdome Return On Equity vs. Shares Owned By Insiders
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
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| = | 0.43 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | 0.0354 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Wesdome Return On Equity Comparison
Wesdome Gold is currently under evaluation in return on equity category among its peers.
Wesdome Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Wesdome Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wesdome Gold will eventually generate negative long term returns. The profitability progress is the general direction of Wesdome Gold's change in net profit over the period of time. It can combine multiple indicators of Wesdome Gold, 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.
Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. The companys properties include the Eagle River Complex that consists of the Eagle River Mine, the Mishi Mine, and the Eagle River Mill located in Wawa, Ontario and the Kiena Mine Complex, which includes the Kiena Mine concession and Kiena Mill situated in Val-dOr, Qubec. Wesdome Gold operates under Gold classification in the United States and is traded on OTC Exchange.
Wesdome Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Wesdome Gold. 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 Wesdome Gold 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 Wesdome Gold's important profitability drivers and their relationship over time.
Use Wesdome Gold 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 Wesdome Gold 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 Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.Wesdome Gold Pair Trading
Wesdome Gold Mines Pair Trading Analysis
The ability to find closely correlated positions to Wesdome Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesdome Gold 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 Wesdome Gold - 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 Wesdome Gold Mines to buy it.
The correlation of Wesdome Gold 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 Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold Mines 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 Wesdome Gold 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 Wesdome Gold position
In addition to having Wesdome Gold 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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Funds or Etfs that invest using buy-and-hold investment strategy in companies with consistent growth over many years of operation. The Conservative Funds theme has 43 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 Conservative Funds Theme or any other thematic opportunities.
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Other Information on Investing in Wesdome OTC Stock
To fully project Wesdome Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wesdome Gold Mines 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 Wesdome Gold's income statement, its balance sheet, and the statement of cash flows.