Freegold Ventures Shares Outstanding vs. Market Capitalization
| FVL Stock | CAD 0.69 0.01 1.43% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Operating Profit Margin | 13.52 | 12.88 |
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| Pretax Profit Margin | 3.72 | 3.54 |
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For Freegold Ventures profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Freegold Ventures to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Freegold Ventures Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Freegold Ventures's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Freegold Ventures Limited over time as well as its relative position and ranking within its peers.
Freegold |
Freegold Ventures Market Capitalization vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Freegold Ventures's current stock value. Our valuation model uses many indicators to compare Freegold Ventures value to that of its competitors to determine the firm's financial worth. Freegold Ventures Limited is one of the top stocks in shares outstanding category among its peers. It also is one of the top stocks in market capitalization category among its peers creating about 0.69 of Market Capitalization per Shares Outstanding. The ratio of Shares Outstanding to Market Capitalization for Freegold Ventures Limited is roughly 1.45 . At this time, Freegold Ventures' Market Cap is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Freegold Ventures by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Freegold Ventures' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Freegold Market Capitalization vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Freegold Ventures |
| = | 466.67 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Freegold Ventures |
| = | 322.01 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Freegold Market Capitalization vs Competition
Freegold Ventures Limited is one of the top stocks in market capitalization category among its peers. Market capitalization of Materials industry is currently estimated at about 416.48 Million. Freegold Ventures totals roughly 322.01 Million in market capitalization claiming about 77% of all equities under Materials industry.
Freegold Ventures Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Freegold Ventures, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Freegold Ventures will eventually generate negative long term returns. The profitability progress is the general direction of Freegold Ventures' change in net profit over the period of time. It can combine multiple indicators of Freegold Ventures, 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 37.1 M | 38.9 M | |
| Operating Income | -3 M | -2.9 M | |
| Income Before Tax | -3.1 M | -2.9 M | |
| Total Other Income Expense Net | -48.6 K | -51 K | |
| Net Loss | -3.1 K | -3.3 K | |
| Income Tax Expense | -52.2 K | -49.6 K | |
| Net Loss | -3.1 M | -3.3 M | |
| Net Loss | -923.4 K | -969.6 K | |
| Interest Income | 194.7 K | 204.4 K | |
| Net Interest Income | 178.3 K | 187.2 K | |
| Change To Netincome | 1.7 M | 1.8 M | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.29 | 0.47 | |
| Net Income Per E B T | 0.83 | 0.88 |
Freegold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Freegold Ventures. 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 Freegold Ventures 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 Freegold Ventures' important profitability drivers and their relationship over time.
Use Freegold Ventures 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 Freegold Ventures 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 Freegold Ventures will appreciate offsetting losses from the drop in the long position's value.Freegold Ventures Pair Trading
Freegold Ventures Limited Pair Trading Analysis
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
The correlation of Freegold Ventures 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 Freegold Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Freegold Ventures 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 Freegold Ventures 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 Freegold Ventures position
In addition to having Freegold Ventures 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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Other Information on Investing in Freegold Stock
To fully project Freegold Ventures' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Freegold Ventures 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 Freegold Ventures' income statement, its balance sheet, and the statement of cash flows.