AbraSilver Resource Return On Asset vs. Shares Outstanding
| ABRA Stock | CAD 2.55 0.10 3.77% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.52 | 0.5802 |
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For AbraSilver Resource profitability analysis, we use financial ratios and fundamental drivers that measure the ability of AbraSilver Resource to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well AbraSilver Resource Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between AbraSilver Resource's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of AbraSilver Resource Corp over time as well as its relative position and ranking within its peers.
AbraSilver |
AbraSilver Resource Corp Shares Outstanding vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining AbraSilver Resource's current stock value. Our valuation model uses many indicators to compare AbraSilver Resource value to that of its competitors to determine the firm's financial worth. AbraSilver Resource Corp is rated below average in return on asset category among its peers. It also is rated below average in shares outstanding category among its peers . Common Stock Shares Outstanding is likely to drop to about 75.4 M in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the AbraSilver Resource's earnings, one of the primary drivers of an investment's value.AbraSilver Shares Outstanding vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
AbraSilver Resource |
| = | -0.23 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
AbraSilver Resource |
| = | 126.8 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
AbraSilver Shares Outstanding Comparison
AbraSilver Resource is currently under evaluation in shares outstanding category among its peers.
AbraSilver Resource Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in AbraSilver Resource, profitability is also one of the essential criteria for including it into their portfolios because, without profit, AbraSilver Resource will eventually generate negative long term returns. The profitability progress is the general direction of AbraSilver Resource's change in net profit over the period of time. It can combine multiple indicators of AbraSilver Resource, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 7.7 M | 8.1 M | |
| Operating Income | -29.5 M | -28 M | |
| Income Before Tax | -18.8 M | -17.9 M | |
| Total Other Income Expense Net | 10.7 M | 11.2 M | |
| Net Loss | -18.8 M | -17.9 M | |
| Income Tax Expense | 4.00 | 4.20 | |
| Net Loss | -18.8 M | -17.9 M | |
| Net Loss | -17 M | -16.1 M | |
| Net Interest Income | -626.5 K | -595.1 K | |
| Interest Income | 361.8 K | 244.9 K | |
| Change To Netincome | -405.8 K | -426 K | |
| Net Loss | (0.17) | (0.18) | |
| Income Quality | 1.47 | 1.54 | |
| Net Income Per E B T | 1.19 | 1.03 |
AbraSilver Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on AbraSilver Resource. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of AbraSilver Resource position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the AbraSilver Resource's important profitability drivers and their relationship over time.
Use AbraSilver Resource in pair-trading
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 AbraSilver Resource 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 AbraSilver Resource will appreciate offsetting losses from the drop in the long position's value.AbraSilver Resource Pair Trading
AbraSilver Resource Corp Pair Trading Analysis
The ability to find closely correlated positions to AbraSilver Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AbraSilver Resource 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 AbraSilver Resource - 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 AbraSilver Resource Corp to buy it.
The correlation of AbraSilver Resource 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 AbraSilver Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AbraSilver Resource Corp 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 AbraSilver Resource 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.Use Investing Themes to Complement your AbraSilver Resource position
In addition to having AbraSilver Resource in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies involved in mining, production, and distribution of various industrial metals and minerals. The Heavy Metals theme has 37 constituents at this time.
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Additional Tools for AbraSilver Stock Analysis
When running AbraSilver Resource's price analysis, check to measure AbraSilver Resource's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AbraSilver Resource is operating at the current time. Most of AbraSilver Resource's value examination focuses on studying past and present price action to predict the probability of AbraSilver Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AbraSilver Resource's price. Additionally, you may evaluate how the addition of AbraSilver Resource to your portfolios can decrease your overall portfolio volatility.