Artemis Gold Current Valuation vs. Number Of Shares Shorted

ARTG Stock  CAD 15.45  0.60  4.04%   
Based on the measurements of profitability obtained from Artemis Gold's financial statements, Artemis Gold may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Artemis Gold's ability to earn profits and add value for shareholders. At this time, Artemis Gold's Average Payables is fairly stable compared to the past year. Cash Per Share is likely to climb to 1.16 in 2024, whereas Book Value Per Share is likely to drop 2.45 in 2024.
For Artemis Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Artemis Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Artemis Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Artemis Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Artemis Gold over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Artemis Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Artemis Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artemis Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Artemis Gold Number Of Shares Shorted vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Artemis Gold's current stock value. Our valuation model uses many indicators to compare Artemis Gold value to that of its competitors to determine the firm's financial worth.
Artemis Gold is rated second in current valuation category among its peers. It is rated fifth in number of shares shorted category among its peers . The ratio of Current Valuation to Number Of Shares Shorted for Artemis Gold is about  6,470 . 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 Artemis Gold's earnings, one of the primary drivers of an investment's value.

Artemis Current Valuation vs. Competition

Artemis Gold is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is presently estimated at about 9.8 Billion. Artemis Gold totals roughly 3.7 Billion in current valuation claiming about 38% of all equities under Materials industry.

Artemis Number Of Shares Shorted vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Artemis Gold

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
3.7 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Artemis Gold

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
571.86 K
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Artemis Number Of Shares Shorted Comparison

Artemis Gold is currently under evaluation in number of shares shorted category among its peers.

Artemis Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Artemis Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Artemis Gold will eventually generate negative long term returns. The profitability progress is the general direction of Artemis Gold's change in net profit over the period of time. It can combine multiple indicators of Artemis Gold, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income4.2 MM
Net Interest Income3.4 M3.6 M
Interest Income3.5 M3.7 M
Operating Income-14.3 M-13.6 M
Net Loss-11.4 M-12 M
Income Before Tax-10.9 M-11.4 M
Total Other Income Expense Net3.4 M3.6 M
Net Loss-12.3 M-11.7 M
Net Loss-11.4 M-12 M
Income Tax Expense590.7 K561.2 K
Change To Netincome15.6 M16.3 M
Net Loss(0.06)(0.06)
Income Quality 0.43  0.33 
Net Income Per E B T 1.05  0.82 

Artemis Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Artemis Gold. 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 Artemis Gold 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 Artemis Gold's important profitability drivers and their relationship over time.

Use Artemis Gold 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 Artemis Gold 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 Artemis Gold will appreciate offsetting losses from the drop in the long position's value.

Artemis Gold Pair Trading

Artemis Gold Pair Trading Analysis

The ability to find closely correlated positions to Artemis Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artemis Gold 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 Artemis Gold - 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 Artemis Gold to buy it.
The correlation of Artemis Gold 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 Artemis Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artemis Gold 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 Artemis Gold 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Artemis Gold position

In addition to having Artemis Gold 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?

Run Apparel Thematic Idea Now

Apparel
Apparel Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Apparel Theme or any other thematic opportunities.
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Additional Tools for Artemis Stock Analysis

When running Artemis Gold's price analysis, check to measure Artemis Gold'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 Artemis Gold is operating at the current time. Most of Artemis Gold's value examination focuses on studying past and present price action to predict the probability of Artemis Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artemis Gold's price. Additionally, you may evaluate how the addition of Artemis Gold to your portfolios can decrease your overall portfolio volatility.