Emerita Resources Book Value Per Share vs. Short Ratio

EMO Stock  CAD 1.02  0.14  15.91%   
Based on Emerita Resources' profitability indicators, Emerita Resources' profitability may be sliding down. It has an above-average likelihood of reporting lower numbers next quarter. Profitability indicators assess Emerita Resources' ability to earn profits and add value for shareholders.
 
Book Value Per Share  
First Reported
2010-12-31
Previous Quarter
0.56185167
Current Value
0.59
Quarterly Volatility
0.23130324
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Emerita Resources' Income Quality is fairly stable compared to the past year. ROE is likely to climb to 0.28 in 2024, whereas Capex To Depreciation is likely to drop 2.15 in 2024.
For Emerita Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Emerita Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Emerita Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Emerita Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Emerita Resources 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 Emerita Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Emerita Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Emerita Resources' 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.

Emerita Resources Corp Short Ratio vs. Book Value Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Emerita Resources's current stock value. Our valuation model uses many indicators to compare Emerita Resources value to that of its competitors to determine the firm's financial worth.
Emerita Resources Corp is one of the top stocks in book value per share category among its peers. It also is one of the top stocks in short ratio category among its peers fabricating about  20.67  of Short Ratio per Book Value Per Share. At this time, Emerita Resources' Book Value Per Share is fairly stable compared to the past year. 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 Emerita Resources' earnings, one of the primary drivers of an investment's value.

Emerita Short Ratio vs. Book Value Per Share

Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Emerita Resources

Book Value per Share

 = 

Common Equity

Average Shares

 = 
0.03 X
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

Emerita Resources

Short Ratio

 = 

Short Interest

Average Trading Volume

 = 
0.62 X
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.

Emerita Short Ratio Comparison

Emerita Resources is currently under evaluation in short ratio category among its peers.

Emerita Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Emerita Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Emerita Resources will eventually generate negative long term returns. The profitability progress is the general direction of Emerita Resources' change in net profit over the period of time. It can combine multiple indicators of Emerita Resources, 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 Income35 M36.7 M
Operating Income-19.7 M-18.8 M
Net Loss-19.3 M-18.4 M
Income Tax Expense(1.80)(1.71)
Income Before Tax-19.3 M-18.4 M
Total Other Income Expense Net502.1 K527.2 K
Net Loss-19.3 M-18.4 M
Net Loss-18.6 M-17.7 M
Net Interest Income433 K454.7 K
Interest Income433 K454.7 K
Change To Netincome10.4 M10.9 M
Net Income Per Share 0.15  0.16 
Income Quality 1.15  1.21 
Net Income Per E B T 0.89  0.85 

Emerita Profitability Driver Comparison

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

Use Emerita 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 Emerita 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 Emerita Resources will appreciate offsetting losses from the drop in the long position's value.

Emerita Resources Pair Trading

Emerita Resources Corp Pair Trading Analysis

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

Use Investing Themes to Complement your Emerita Resources position

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Alternative Energy
Alternative Energy Theme
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 constituents at this time.
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Additional Tools for Emerita Stock Analysis

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