Solitario Financial Statements From 2010 to 2024
| SLR Stock | CAD 0.85 0.01 1.16% |
Check Solitario Exploration financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Solitario Exploration's main balance sheet or income statement drivers, such as , as well as many indicators such as . Solitario financial statements analysis is a perfect complement when working with Solitario Exploration Valuation or Volatility modules.
Solitario |
Solitario Exploration Royalty Company Return On Equity Analysis
Solitario Exploration's 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.
Current Solitario Exploration Return On Equity | -0.21 |
Most of Solitario Exploration's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Solitario Exploration Royalty is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Solitario Exploration Royalty has a Return On Equity of -0.211. This is 123.19% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on equity for all Canada stocks is 31.94% lower than that of the firm.
Solitario Exploration Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Solitario Exploration's current stock value. Our valuation model uses many indicators to compare Solitario Exploration value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Solitario Exploration competition to find correlations between indicators driving Solitario Exploration's intrinsic value. More Info.Solitario Exploration Royalty is rated fourth in return on equity category among its peers. It also is rated fourth in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Solitario Exploration by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Solitario Exploration's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Solitario Exploration Financial Statements
Solitario Exploration investors utilize fundamental indicators, such as revenue or net income, to predict how Solitario Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Solitario Zinc Corp., an exploration stage company, engages in the acquisition, exploration, and development of zinc properties in North and South America. Solitario Zinc Corp. was founded in 1984 and is based in Wheat Ridge, Colorado. SOLITARIO ZINC operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 3 people.
Pair Trading with Solitario Exploration
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 Solitario Exploration 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 Solitario Exploration will appreciate offsetting losses from the drop in the long position's value.Moving against Solitario Stock
| 0.45 | DFR | Diamond Fields Resources | PairCorr |
| 0.42 | FDY | Faraday Copper Corp | PairCorr |
| 0.41 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to Solitario Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solitario Exploration 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 Solitario Exploration - 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 Solitario Exploration Royalty to buy it.
The correlation of Solitario Exploration 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 Solitario Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solitario Exploration 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 Solitario Exploration 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.Check out the analysis of Solitario Exploration Correlation against competitors. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.