Axelum Resources Earnings Per Share vs. Cash And Equivalents
| AXLM Stock | 2.04 0.04 1.92% |
For Axelum Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Axelum Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Axelum Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Axelum Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Axelum Resources Corp over time as well as its relative position and ranking within its peers.
Axelum |
Axelum Resources Corp Cash And Equivalents vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Axelum Resources's current stock value. Our valuation model uses many indicators to compare Axelum Resources value to that of its competitors to determine the firm's financial worth. Axelum Resources Corp is rated below average in earnings per share category among its peers. It is rated below average in cash and equivalents category among its peers creating about 346,857,840 of Cash And Equivalents per Earnings Per Share. 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 Axelum Resources' earnings, one of the primary drivers of an investment's value.Axelum Cash And Equivalents vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Axelum Resources |
| = | 0.16 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Axelum Resources |
| = | 56.85 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Axelum Cash And Equivalents Comparison
Axelum Resources is rated fifth in cash and equivalents category among its peers.
Axelum Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Axelum Resources. 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 Axelum Resources 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 Axelum Resources' important profitability drivers and their relationship over time.
Use Axelum Resources 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 Axelum 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 Axelum Resources will appreciate offsetting losses from the drop in the long position's value.Axelum Resources Pair Trading
Axelum Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Axelum 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 Axelum 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 Axelum 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 Axelum Resources Corp to buy it.
The correlation of Axelum 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 Axelum Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axelum Resources 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 Axelum 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.Use Investing Themes to Complement your Axelum Resources position
In addition to having Axelum Resources 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 Cryptocurrency Thematic Idea Now
Cryptocurrency
Dynamically computed list of top cryptocurrencies sorted bymarket capitalization. The Cryptocurrency 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 Cryptocurrency Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Axelum Stock Analysis
When running Axelum Resources' price analysis, check to measure Axelum Resources' 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 Axelum Resources is operating at the current time. Most of Axelum Resources' value examination focuses on studying past and present price action to predict the probability of Axelum Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axelum Resources' price. Additionally, you may evaluate how the addition of Axelum Resources to your portfolios can decrease your overall portfolio volatility.