Eastinco Mining Profitability Analysis
| ATN Stock | 51.00 1.00 2.00% |
Net Loss | First Reported 2012-09-30 | Previous Quarter (252.00) | Current Value (252.00) | Quarterly Volatility 223.1 K |
For Eastinco Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eastinco Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eastinco Mining Exploration utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eastinco Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eastinco Mining Exploration over time as well as its relative position and ranking within its peers.
Eastinco |
Eastinco Mining Expl Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eastinco Mining's current stock value. Our valuation model uses many indicators to compare Eastinco Mining value to that of its competitors to determine the firm's financial worth. Eastinco Mining Exploration is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers . 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 Eastinco Mining's earnings, one of the primary drivers of an investment's value.Eastinco Return On Asset vs. Return On Equity
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.
Eastinco Mining |
| = | -0.23 |
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.
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.
Eastinco Mining |
| = | -0.14 |
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.
Eastinco Return On Asset Comparison
Eastinco Mining is currently under evaluation in return on asset category among its peers.
Eastinco Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eastinco Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eastinco Mining will eventually generate negative long term returns. The profitability progress is the general direction of Eastinco Mining's change in net profit over the period of time. It can combine multiple indicators of Eastinco Mining, 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 | 2.4 M | 1.3 M | |
| Operating Income | -1 M | -1.1 M | |
| Income Before Tax | -1.1 M | -1.1 M | |
| Total Other Income Expense Net | -54 K | -56.7 K | |
| Net Loss | -1.1 M | -1.1 M | |
| Income Tax Expense | -272 K | -285.6 K |
Eastinco Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eastinco Mining. 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 Eastinco Mining 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 Eastinco Mining's important profitability drivers and their relationship over time.
Use Eastinco Mining 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 Eastinco Mining 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 Eastinco Mining will appreciate offsetting losses from the drop in the long position's value.Eastinco Mining Pair Trading
Eastinco Mining Exploration Pair Trading Analysis
The ability to find closely correlated positions to Eastinco Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastinco Mining 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 Eastinco Mining - 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 Eastinco Mining Exploration to buy it.
The correlation of Eastinco Mining 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 Eastinco Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastinco Mining Expl 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 Eastinco Mining 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 Eastinco Mining position
In addition to having Eastinco Mining 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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Other Information on Investing in Eastinco Stock
To fully project Eastinco Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eastinco Mining Expl at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Eastinco Mining's income statement, its balance sheet, and the statement of cash flows.