First Tellurium Price To Book vs. Current Ratio
| FSTTF Stock | USD 0.09 0.01 8.20% |
For First Tellurium profitability analysis, we use financial ratios and fundamental drivers that measure the ability of First Tellurium to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well First Tellurium Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between First Tellurium's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of First Tellurium Corp over time as well as its relative position and ranking within its peers.
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First Tellurium Corp Current Ratio vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining First Tellurium's current stock value. Our valuation model uses many indicators to compare First Tellurium value to that of its competitors to determine the firm's financial worth. First Tellurium Corp is rated # 5 in price to book category among its peers. It is rated # 4 in current ratio category among its peers fabricating about 0.60 of Current Ratio per Price To Book. The ratio of Price To Book to Current Ratio for First Tellurium Corp is roughly 1.67 . 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 First Tellurium's earnings, one of the primary drivers of an investment's value.First Current Ratio vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
First Tellurium |
| = | 7.81 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
First Tellurium |
| = | 4.67 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
First Current Ratio Comparison
First Tellurium is currently under evaluation in current ratio category among its peers.
First Tellurium Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in First Tellurium, profitability is also one of the essential criteria for including it into their portfolios because, without profit, First Tellurium will eventually generate negative long term returns. The profitability progress is the general direction of First Tellurium's change in net profit over the period of time. It can combine multiple indicators of First Tellurium, 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.
First Tellurium Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. First Tellurium Corp. was incorporated in 2004 and is headquartered in Delta, Canada. First Tellurium is traded on OTC Exchange in the United States.
First Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on First Tellurium. 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 First Tellurium 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 First Tellurium's important profitability drivers and their relationship over time.
Use First Tellurium 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 First Tellurium 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 First Tellurium will appreciate offsetting losses from the drop in the long position's value.First Tellurium Pair Trading
First Tellurium Corp Pair Trading Analysis
The ability to find closely correlated positions to First Tellurium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Tellurium 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 First Tellurium - 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 First Tellurium Corp to buy it.
The correlation of First Tellurium 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 First Tellurium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Tellurium 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 First Tellurium 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 First Tellurium position
In addition to having First Tellurium 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 Banking Thematic Idea Now
Banking
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking theme has 61 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 Banking Theme or any other thematic opportunities.
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Other Information on Investing in First OTC Stock
To fully project First Tellurium's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of First Tellurium Corp 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 First Tellurium's income statement, its balance sheet, and the statement of cash flows.