Western Uranium Price To Earning vs. Price To Book
| WSTRF Stock | USD 0.81 0.02 2.53% |
For Western Uranium profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Western Uranium to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Western Uranium Vanadium utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Western Uranium's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Western Uranium Vanadium over time as well as its relative position and ranking within its peers.
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Western Uranium Vanadium Price To Book vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Western Uranium's current stock value. Our valuation model uses many indicators to compare Western Uranium value to that of its competitors to determine the firm's financial worth. Western Uranium Vanadium is rated below average in price to earning category among its peers. It is rated below average in price to book 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 Western Uranium's earnings, one of the primary drivers of an investment's value.Western Price To Book vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Western Uranium |
| = | (6.00) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
Western Uranium |
| = | 1.32 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.
Western Price To Book Comparison
Western Uranium is currently under evaluation in price to book category among its peers.
Western Uranium Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Western Uranium, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Western Uranium will eventually generate negative long term returns. The profitability progress is the general direction of Western Uranium's change in net profit over the period of time. It can combine multiple indicators of Western Uranium, 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.
Western Uranium Vanadium Corp. engages in the acquisition and development of uranium and vanadium resource properties in the states of Utah and Colorado, the United States. Western Uranium Vanadium Corp. is based in Toronto, Canada. Western Uranium is traded on OTC Exchange in the United States.
Western Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Western Uranium. 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 Western Uranium 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 Western Uranium's important profitability drivers and their relationship over time.
Use Western Uranium 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 Western Uranium 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 Western Uranium will appreciate offsetting losses from the drop in the long position's value.Western Uranium Pair Trading
Western Uranium Vanadium Pair Trading Analysis
The ability to find closely correlated positions to Western Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Western Uranium 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 Western Uranium - 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 Western Uranium Vanadium to buy it.
The correlation of Western Uranium 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 Western Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Western Uranium Vanadium 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 Western Uranium 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 Western Uranium position
In addition to having Western Uranium 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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Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 66 constituents at this time.
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Other Information on Investing in Western OTC Stock
To fully project Western Uranium's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Western Uranium Vanadium 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 Western Uranium's income statement, its balance sheet, and the statement of cash flows.