Precious Metals And Stock Cash And Equivalents
| MMP-UN Stock | CAD 1.81 0.03 1.63% |
Precious Metals And fundamentals help investors to digest information that contributes to Precious Metals' financial success or failures. It also enables traders to predict the movement of Precious Stock. The fundamental analysis module provides a way to measure Precious Metals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Precious Metals stock.
Precious | Cash And Equivalents |
Precious Metals And Company Cash And Equivalents Analysis
Precious Metals' Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Precious Metals Cash And Equivalents | 27.86 M |
Most of Precious Metals' fundamental indicators, such as Cash And Equivalents, 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, Precious Metals And is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Precious Cash And Equivalents Driver Correlations
Understanding the fundamental principles of building solid financial models for Precious Metals is extremely important. It helps to project a fair market value of Precious Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since Precious Metals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Precious Metals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Precious Metals' interrelated accounts and indicators.
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Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
| Competition |
In accordance with the recently published financial statements, Precious Metals And has 27.86 M in Cash And Equivalents. This is 99.92% lower than that of the Capital Markets sector and 99.55% lower than that of the Financials industry. The cash and equivalents for all Canada stocks is 98.97% higher than that of the company.
Precious Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Precious Metals' direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Precious Metals could also be used in its relative valuation, which is a method of valuing Precious Metals by comparing valuation metrics of similar companies.Precious Metals is currently under evaluation in cash and equivalents category among its peers.
Precious Metals Current Valuation Drivers
We derive many important indicators used in calculating different scores of Precious Metals from analyzing Precious Metals' financial statements. These drivers represent accounts that assess Precious Metals' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Precious Metals' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 28.8M | 36.8M | 30.0M | 22.6M | 18.8M | 17.8M | |
| Enterprise Value | 28.7M | 35.4M | 29.4M | 22.0M | 18.5M | 17.6M |
Precious Fundamentals
| Return On Equity | -0.15 | ||||
| Return On Asset | -0.0919 | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 612.08 K | ||||
| Shares Outstanding | 10.68 M | ||||
| Number Of Shares Shorted | 205 | ||||
| Price To Earning | 1.95 X | ||||
| Price To Book | 1.04 X | ||||
| Price To Sales | 76.51 X | ||||
| Revenue | 159 K | ||||
| Gross Profit | 177 K | ||||
| EBITDA | (348 K) | ||||
| Net Income | (348 K) | ||||
| Cash And Equivalents | 27.86 M | ||||
| Cash Per Share | 1.51 X | ||||
| Total Debt | 284 K | ||||
| Current Ratio | 50.38 X | ||||
| Book Value Per Share | 1.76 X | ||||
| Cash Flow From Operations | 2.82 M | ||||
| Earnings Per Share | (0.29) X | ||||
| Beta | 1.27 | ||||
| Market Capitalization | 19.65 M | ||||
| Total Asset | 19.72 M | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 11.23 % | ||||
| Net Asset | 19.72 M | ||||
| Last Dividend Paid | 0.12 |
About Precious Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Precious Metals And's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precious Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precious Metals And based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Precious Metals
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 Precious Metals 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 Precious Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Precious Stock
The ability to find closely correlated positions to Precious Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precious Metals 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 Precious Metals - 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 Precious Metals And to buy it.
The correlation of Precious Metals 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 Precious Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precious Metals And 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 Precious Metals 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.Other Information on Investing in Precious Stock
Precious Metals financial ratios help investors to determine whether Precious Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Precious with respect to the benefits of owning Precious Metals security.