Canada Nickel Return On Equity vs. Earnings Per Share
| CNIKF Stock | USD 0.65 0.01 1.56% |
For Canada Nickel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canada Nickel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canada Nickel utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canada Nickel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canada Nickel over time as well as its relative position and ranking within its peers.
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Canada Nickel Earnings Per Share vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canada Nickel's current stock value. Our valuation model uses many indicators to compare Canada Nickel value to that of its competitors to determine the firm's financial worth. Canada Nickel is rated second in return on equity category among its peers. It is rated below average in earnings per share 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 Canada Nickel's earnings, one of the primary drivers of an investment's value.Canada Earnings Per Share 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.
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| = | -0.0666 |
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.
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.
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| = | (0.06) 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.
Canada Earnings Per Share Comparison
Canada Nickel is currently under evaluation in earnings per share category among its peers.
Canada Nickel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canada Nickel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canada Nickel will eventually generate negative long term returns. The profitability progress is the general direction of Canada Nickel's change in net profit over the period of time. It can combine multiple indicators of Canada Nickel, 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.
Canada Nickel Company Inc., together with its subsidiary, engages in the exploration, discovery, and development of nickel sulphide assets. Canada Nickel Company Inc. was incorporated in 2019 and is headquartered in Toronto, Canada. Canada Nickel is traded on OTC Exchange in the United States.
Canada Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canada Nickel. 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 Canada Nickel 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 Canada Nickel's important profitability drivers and their relationship over time.
Use Canada Nickel 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 Canada Nickel 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 Canada Nickel will appreciate offsetting losses from the drop in the long position's value.Canada Nickel Pair Trading
Canada Nickel Pair Trading Analysis
The ability to find closely correlated positions to Canada Nickel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canada Nickel 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 Canada Nickel - 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 Canada Nickel to buy it.
The correlation of Canada Nickel 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 Canada Nickel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canada Nickel 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 Canada Nickel 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 Canada Nickel position
In addition to having Canada Nickel 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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Data Storage
Companies making data storages or providing data storage services. The Data Storage theme has 42 constituents at this time.
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Other Information on Investing in Canada OTC Stock
To fully project Canada Nickel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canada Nickel 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 Canada Nickel's income statement, its balance sheet, and the statement of cash flows.