Joshua Gold Current Valuation vs. Price To Earning
| JSHG Stock | USD 0.01 0 11.11% |
For Joshua Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Joshua Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Joshua Gold Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Joshua Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Joshua Gold Resources over time as well as its relative position and ranking within its peers.
Joshua |
Joshua Gold Resources Price To Earning vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Joshua Gold's current stock value. Our valuation model uses many indicators to compare Joshua Gold value to that of its competitors to determine the firm's financial worth. Joshua Gold Resources is rated fourth overall in current valuation category among its peers. It is rated fifth overall in price to earning 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 Joshua Gold's earnings, one of the primary drivers of an investment's value.Joshua Current Valuation vs. Competition
Joshua Gold Resources is rated fourth overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 521.85 Million. Joshua Gold maintains roughly 4.17 Million in current valuation contributing less than 1% to all equities under Materials industry.
Joshua Price To Earning 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.
Joshua Gold |
| = | 4.17 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.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Joshua Gold |
| = | (7.41) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Joshua Price To Earning Comparison
Joshua Gold is currently under evaluation in price to earning category among its peers.
Joshua Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Joshua Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Joshua Gold will eventually generate negative long term returns. The profitability progress is the general direction of Joshua Gold's change in net profit over the period of time. It can combine multiple indicators of Joshua 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.
Joshua Gold Resources Inc. engages in the acquisition, exploration, and development of mineral properties. Joshua Gold Resources Inc. was incorporated in 2009 and is headquartered in Woodstock, Canada. Joshua Gold operates under Gold classification in the United States and is traded on OTC Exchange.
Joshua Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Joshua 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 Joshua 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 Joshua Gold's important profitability drivers and their relationship over time.
Use Joshua 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 Joshua 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 Joshua Gold will appreciate offsetting losses from the drop in the long position's value.Joshua Gold Pair Trading
Joshua Gold Resources Pair Trading Analysis
The ability to find closely correlated positions to Joshua 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 Joshua 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 Joshua 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 Joshua Gold Resources to buy it.
The correlation of Joshua 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 Joshua Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Joshua Gold Resources 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 Joshua 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 Joshua Gold position
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Other Information on Investing in Joshua Pink Sheet
To fully project Joshua Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Joshua Gold Resources 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 Joshua Gold's income statement, its balance sheet, and the statement of cash flows.