Yorbeau Resources Stock Return On Equity
| YRB Stock | CAD 0.04 0.00 0.00% |
Yorbeau Resources fundamentals help investors to digest information that contributes to Yorbeau Resources' financial success or failures. It also enables traders to predict the movement of Yorbeau Stock. The fundamental analysis module provides a way to measure Yorbeau Resources' 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 Yorbeau Resources stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.10) | (0.10) |
Yorbeau | Return On Equity |
Yorbeau Resources Company Return On Equity Analysis
Yorbeau Resources' 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 Yorbeau Resources Return On Equity | -0.0936 |
Most of Yorbeau Resources' 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, Yorbeau Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Yorbeau Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Yorbeau Resources is extremely important. It helps to project a fair market value of Yorbeau Stock properly, considering its historical fundamentals such as Return On Equity. Since Yorbeau Resources' 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 Yorbeau Resources' 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 Yorbeau Resources' interrelated accounts and indicators.
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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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Yorbeau Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Yorbeau Resources has a Return On Equity of -0.0936. This is 110.29% lower than that of the Metals & Mining sector and 193.6% lower than that of the Materials industry. The return on equity for all Canada stocks is 69.81% lower than that of the firm.
Yorbeau Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Yorbeau Resources from analyzing Yorbeau Resources' financial statements. These drivers represent accounts that assess Yorbeau Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Yorbeau Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 9.8M | 17.3M | 14.6M | 19.9M | 16.9M | 19.9M | |
| Enterprise Value | 9.0M | 15.9M | 12.8M | 19.6M | 16.7M | 19.0M |
Yorbeau Fundamentals
| Return On Equity | -0.0936 | ||||
| Return On Asset | -0.0592 | ||||
| Operating Margin | (27.77) % | ||||
| Current Valuation | 18.96 M | ||||
| Shares Outstanding | 461.59 M | ||||
| Shares Owned By Insiders | 28.44 % | ||||
| Number Of Shares Shorted | 13.87 K | ||||
| Price To Book | 0.75 X | ||||
| Price To Sales | 306.04 X | ||||
| Revenue | 20.15 K | ||||
| Gross Profit | (1.19 K) | ||||
| EBITDA | (2.4 M) | ||||
| Net Income | (2.44 M) | ||||
| Cash And Equivalents | 376.01 K | ||||
| Total Debt | 40.54 K | ||||
| Current Ratio | 2.23 X | ||||
| Book Value Per Share | 0.06 X | ||||
| Cash Flow From Operations | (967.51 K) | ||||
| Short Ratio | 0.06 X | ||||
| Beta | 1.46 | ||||
| Market Capitalization | 18.46 M | ||||
| Total Asset | 25.24 M | ||||
| Retained Earnings | (38.05 M) | ||||
| Working Capital | (197.47 K) | ||||
| Net Asset | 25.24 M |
About Yorbeau Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Yorbeau Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Yorbeau Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Yorbeau Resources 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 Yorbeau Resources
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 Yorbeau Resources 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 Yorbeau Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Yorbeau Stock
| 0.48 | WMT | Walmart Inc CDR | PairCorr |
| 0.47 | AMZN | Amazon CDR | PairCorr |
| 0.41 | AAPL | Apple Inc CDR | PairCorr |
| 0.35 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.32 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Yorbeau Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yorbeau Resources 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 Yorbeau Resources - 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 Yorbeau Resources to buy it.
The correlation of Yorbeau Resources 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 Yorbeau Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yorbeau Resources 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 Yorbeau Resources 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 Yorbeau Stock
Yorbeau Resources financial ratios help investors to determine whether Yorbeau 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 Yorbeau with respect to the benefits of owning Yorbeau Resources security.