Mirage Energy Current Ratio vs. EBITDA

MRGE Stock  USD 0.01  0.00  0.00%   
Based on the key profitability measurements obtained from Mirage Energy's financial statements, Mirage Energy Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Mirage Energy's ability to earn profits and add value for shareholders.
For Mirage Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mirage Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mirage Energy Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mirage Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mirage Energy Corp over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Mirage Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mirage Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirage Energy's 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.

Mirage Energy Corp EBITDA vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Mirage Energy's current stock value. Our valuation model uses many indicators to compare Mirage Energy value to that of its competitors to determine the firm's financial worth.
Mirage Energy Corp is considered to be number one stock in current ratio category among its peers. It also is considered to be number one stock in ebitda 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 Mirage Energy's earnings, one of the primary drivers of an investment's value.

Mirage EBITDA vs. Current Ratio

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.

Mirage Energy

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
0.05 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).
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Mirage Energy

EBITDA

 = 

Revenue

-

Basic Expenses

 = 
(4.16 M)
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.

Mirage EBITDA Comparison

Mirage Energy is currently under evaluation in ebitda category among its peers.

Mirage Energy Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Mirage Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mirage Energy will eventually generate negative long term returns. The profitability progress is the general direction of Mirage Energy's change in net profit over the period of time. It can combine multiple indicators of Mirage Energy, 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.
Mirage Energy Corporation, through its subsidiaries, focuses on developing an integrated pipeline and natural gas storage facility in Mexico and the United States. Mirage Energy Corporation was incorporated in 2014 and is based in San Antonio, Texas. Mirage Energy operates under Oil Gas Midstream classification in the United States and is traded on OTC Exchange. It employs 5 people.

Mirage Profitability Driver Comparison

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

Use Mirage Energy 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 Mirage Energy 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 Mirage Energy will appreciate offsetting losses from the drop in the long position's value.

Mirage Energy Pair Trading

Mirage Energy Corp Pair Trading Analysis

The ability to find closely correlated positions to Mirage Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirage Energy 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 Mirage Energy - 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 Mirage Energy Corp to buy it.
The correlation of Mirage Energy 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 Mirage Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirage Energy 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 Mirage Energy 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 Mirage Energy position

In addition to having Mirage Energy 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 Healthcare Funds Thematic Idea Now

Healthcare Funds
Healthcare Funds Theme
Funds or Etfs investing in medical and healthcare goods or services as well as hospital management or maintenance organizations. The Healthcare Funds theme has 33 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 Healthcare Funds Theme or any other thematic opportunities.
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Other Information on Investing in Mirage Pink Sheet

To fully project Mirage Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Mirage Energy 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 Mirage Energy's income statement, its balance sheet, and the statement of cash flows.
Potential Mirage Energy investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Mirage Energy investors may work on each financial statement separately, they are all related. The changes in Mirage Energy's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Mirage Energy's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.