True North Energy Stock Fundamentals
| TNEN Stock | USD 0.0001 0.00 0.00% |
True North Energy fundamentals help investors to digest information that contributes to True North's financial success or failures. It also enables traders to predict the movement of True Pink Sheet. The fundamental analysis module provides a way to measure True North's 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 True North pink sheet.
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True North Energy Company Return On Equity Analysis
True North'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 True North Return On Equity | -1.37 |
Most of True North'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, True North Energy 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.
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Based on the latest financial disclosure, True North Energy has a Return On Equity of -1.3698. This is 30.82% lower than that of the Energy sector and 176.96% lower than that of the Oil & Gas E&P industry. The return on equity for all United States stocks is notably higher than that of the company.
True North Energy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining True North's current stock value. Our valuation model uses many indicators to compare True North value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across True North competition to find correlations between indicators driving True North's intrinsic value. More Info.True North Energy is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value True North by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for True North's Pink Sheet. 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.Did you try this?
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True Fundamentals
| Return On Equity | -1.37 | |||
| Return On Asset | -0.0782 | |||
| Profit Margin | (1.30) % | |||
| Operating Margin | (0.45) % | |||
| Current Valuation | 912.45 K | |||
| Price To Book | 1.46 X | |||
| Price To Sales | 0.45 X | |||
| Revenue | 151 | |||
| Gross Profit | 692.31 K | |||
| EBITDA | 164.66 K | |||
| Net Income | 154.96 K | |||
| Cash And Equivalents | 163.91 K | |||
| Cash Per Share | 1.11 X | |||
| Total Debt | 3.34 M | |||
| Debt To Equity | 4.11 % | |||
| Current Ratio | 0.21 X | |||
| Book Value Per Share | 5.66 X | |||
| Cash Flow From Operations | (31.46 K) | |||
| Earnings Per Share | (16.94) X | |||
| Beta | 1.84 | |||
| Market Capitalization | 823.43 K | |||
| Total Asset | 21.05 K | |||
| Retained Earnings | (27.79 M) | |||
| Working Capital | (3.51 M) | |||
| Current Asset | 24 K | |||
| Current Liabilities | 3.53 M | |||
| Net Asset | 21.05 K |
About True North Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze True North Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of True North using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of True North Energy 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.True North Energy Corp. acquires, explores, develops, and produces oil and gas properties in the United States. The company was incorporated in 2004 and is based in Spring, Texas. True North operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 2 people.
Pair Trading with True North
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 True North 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 True North will appreciate offsetting losses from the drop in the long position's value.Moving against True Pink Sheet
The ability to find closely correlated positions to True North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace True North 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 True North - 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 True North Energy to buy it.
The correlation of True North 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 True North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if True North Energy 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 True North 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 True Pink Sheet
True North financial ratios help investors to determine whether True Pink Sheet 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 True with respect to the benefits of owning True North security.