Eminent Gold Gross Profit vs. Return On Asset

EMNT Stock  CAD 0.33  0.04  13.79%   
Based on the measurements of profitability obtained from Eminent Gold's financial statements, Eminent Gold Corp 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 Eminent Gold's ability to earn profits and add value for shareholders.
For Eminent Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eminent Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eminent Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eminent Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eminent Gold Corp 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 Eminent Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eminent Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eminent 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.

Eminent Gold Corp Return On Asset vs. Gross Profit Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Eminent Gold's current stock value. Our valuation model uses many indicators to compare Eminent Gold value to that of its competitors to determine the firm's financial worth.
Eminent Gold Corp is rated # 3 in gross profit category among its peers. It is rated # 5 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 Eminent Gold's earnings, one of the primary drivers of an investment's value.

Eminent Return On Asset vs. Gross Profit

Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Eminent Gold

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
(270.79 K)
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.

Eminent Gold

Return On Asset

 = 

Net Income

Total Assets

 = 
-0.57
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.

Eminent Return On Asset Comparison

Eminent Gold is currently under evaluation in return on asset category among its peers.

Eminent Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Eminent Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eminent Gold will eventually generate negative long term returns. The profitability progress is the general direction of Eminent Gold's change in net profit over the period of time. It can combine multiple indicators of Eminent 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.
Eminent Gold Corp., a gold exploration company, engages in the exploration and discovery of gold deposits in the United States. Eminent Gold Corp. was incorporated in 2011 and is based in Vancouver, Canada. EMINENT GOLD is traded on Commodity Exchange in Exotistan.

Eminent Profitability Driver Comparison

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

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

Eminent Gold Pair Trading

Eminent Gold Corp Pair Trading Analysis

The ability to find closely correlated positions to Eminent 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 Eminent 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 Eminent 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 Eminent Gold Corp to buy it.
The correlation of Eminent 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 Eminent Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eminent Gold 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 Eminent 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 Eminent Gold position

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Additional Tools for Eminent Stock Analysis

When running Eminent Gold's price analysis, check to measure Eminent 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 Eminent Gold is operating at the current time. Most of Eminent Gold's value examination focuses on studying past and present price action to predict the probability of Eminent 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 Eminent Gold's price. Additionally, you may evaluate how the addition of Eminent Gold to your portfolios can decrease your overall portfolio volatility.