Getchell Gold Current Valuation vs. Cash And Equivalents
| GGLDF Stock | USD 0.09 0 2.39% |
For Getchell Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Getchell Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Getchell Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Getchell Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Getchell Gold Corp over time as well as its relative position and ranking within its peers.
Getchell |
Getchell Gold Corp Cash And Equivalents vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Getchell Gold's current stock value. Our valuation model uses many indicators to compare Getchell Gold value to that of its competitors to determine the firm's financial worth. Getchell Gold Corp is rated as one of the top companies in current valuation category among its peers. It is rated below average in cash and equivalents category among its peers creating about 0.12 of Cash And Equivalents per Current Valuation. The ratio of Current Valuation to Cash And Equivalents for Getchell Gold Corp is roughly 8.41 . 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 Getchell Gold's earnings, one of the primary drivers of an investment's value.Getchell Current Valuation vs. Competition
Getchell Gold Corp is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Gold industry is currently estimated at about 4.04 Billion. Getchell Gold maintains roughly 37.52 Million in current valuation contributing less than 1% to equities under Gold industry.
Getchell Cash And Equivalents vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Getchell Gold |
| = | 37.52 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Getchell Gold |
| = | 4.46 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Getchell Cash And Equivalents Comparison
Getchell Gold is currently under evaluation in cash and equivalents category among its peers.
Getchell Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Getchell Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Getchell Gold will eventually generate negative long term returns. The profitability progress is the general direction of Getchell Gold's change in net profit over the period of time. It can combine multiple indicators of Getchell 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.
Getchell Gold Corp., a junior resource exploration company, engages in the identification, acquisition, exploration, and development of precious and base metal mineral resource properties in the United States. The company also holds interests in the Star property comprises 199 unpatented mining claims situated in Pershing County, Nevada and the Hot Springs Peak property that consists of 167 unpatented lode mining claims located in the northern Hot Springs range in Humboldt County, Nevada. GETCHELL GOLD is traded on OTC Exchange in the United States.
Getchell Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Getchell 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 Getchell 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 Getchell Gold's important profitability drivers and their relationship over time.
Use Getchell 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 Getchell 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 Getchell Gold will appreciate offsetting losses from the drop in the long position's value.Getchell Gold Pair Trading
Getchell Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Getchell 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 Getchell 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 Getchell 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 Getchell Gold Corp to buy it.
The correlation of Getchell 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 Getchell Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Getchell 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 Getchell 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.Use Investing Themes to Complement your Getchell Gold position
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Other Information on Investing in Getchell OTC Stock
To fully project Getchell Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Getchell Gold 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 Getchell Gold's income statement, its balance sheet, and the statement of cash flows.