Ascendant Historical Financial Ratios
| ASND Stock | CAD 0.05 0.01 25.00% |
Ascendant Resources is presently reporting on over 95 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, Days Sales Outstanding of 19.27 or Invested Capital of 69.3 K will help investors to properly organize and evaluate Ascendant Resources financial condition quickly.
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About Ascendant Financial Ratios Analysis
Ascendant ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Ascendant Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Ascendant financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Ascendant Resources history.
Ascendant Resources Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Ascendant Resources stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ascendant Resources sales, a figure that is much harder to manipulate than other Ascendant Resources multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Ascendant Resources. There are two different methods for calculating Ascendant Resources invested capital: operating approach and financing approach. Understanding Ascendant Resources invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.Most ratios from Ascendant Resources' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Ascendant Resources current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascendant Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Ascendant Resources' Average Payables is very stable compared to the past year. As of the 22nd of December 2024, Income Quality is likely to grow to 0.54, while Price To Sales Ratio is likely to drop 0.27.
| 2023 | 2024 (projected) | Net Current Asset Value | 78.0K | 69.3K | Days Payables Outstanding | 3.6K | 3.4K |
Ascendant Resources fundamentals Correlations
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Ascendant Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Ascendant 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 Ascendant 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 Ascendant Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Ascendant Stock
The ability to find closely correlated positions to Ascendant 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 Ascendant 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 Ascendant 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 Ascendant Resources to buy it.
The correlation of Ascendant 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 Ascendant Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascendant 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 Ascendant 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 Ascendant Stock
Ascendant ResourcesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Ascendant Resources investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Ascendant financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Ascendant Resources history.