Richmond Minerals Short Ratio vs. Current Valuation
| RMD Stock | CAD 0.03 0.01 16.67% |
For Richmond Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Richmond Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Richmond Minerals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Richmond Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Richmond Minerals over time as well as its relative position and ranking within its peers.
Richmond |
Richmond Minerals Current Valuation vs. Short Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Richmond Minerals's current stock value. Our valuation model uses many indicators to compare Richmond Minerals value to that of its competitors to determine the firm's financial worth. Richmond Minerals is currently regarded as top stock in short ratio category among its peers. It also is currently regarded number one company in current valuation category among its peers reporting about 16,814,275 of Current Valuation per Short Ratio. 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 Richmond Minerals' earnings, one of the primary drivers of an investment's value.Richmond Current Valuation vs. Short Ratio
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Richmond Minerals |
| = | 0.04 X |
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
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.
Richmond Minerals |
| = | 672.57 K |
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.
Richmond Current Valuation vs Competition
Richmond Minerals is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 493.84 Billion. Richmond Minerals adds roughly 672,571 in current valuation claiming only tiny portion of all equities under Materials industry.
Richmond Minerals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Richmond Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Richmond Minerals will eventually generate negative long term returns. The profitability progress is the general direction of Richmond Minerals' change in net profit over the period of time. It can combine multiple indicators of Richmond Minerals, 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 | ||
| Operating Income | -214.2 K | -224.9 K | |
| Net Loss | -760 K | -722 K | |
| Income Before Tax | -792.5 K | -752.9 K | |
| Total Other Income Expense Net | -566.6 K | -538.3 K | |
| Net Loss | -183 K | -192.2 K | |
| Net Loss | -760 K | -722 K | |
| Income Tax Expense | -2.6 K | -2.8 K | |
| Net Interest Income | -11.7 K | -11.1 K | |
| Change To Netincome | -2.8 K | -2.6 K |
Richmond Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Richmond Minerals. 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 Richmond Minerals 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 Richmond Minerals' important profitability drivers and their relationship over time.
Use Richmond Minerals 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 Richmond Minerals 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 Richmond Minerals will appreciate offsetting losses from the drop in the long position's value.Richmond Minerals Pair Trading
Richmond Minerals Pair Trading Analysis
The ability to find closely correlated positions to Richmond Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Richmond Minerals 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 Richmond Minerals - 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 Richmond Minerals to buy it.
The correlation of Richmond Minerals 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 Richmond Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Richmond Minerals 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 Richmond Minerals 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 Richmond Minerals position
In addition to having Richmond Minerals 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 Munis Funds Thematic Idea Now
Munis Funds
Funds or Etfs that invest in fixed income securities issued by states, cities, and towns as well as other public entities. The Munis Funds theme has 38 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 Munis Funds Theme or any other thematic opportunities.
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Additional Tools for Richmond Stock Analysis
When running Richmond Minerals' price analysis, check to measure Richmond Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Richmond Minerals is operating at the current time. Most of Richmond Minerals' value examination focuses on studying past and present price action to predict the probability of Richmond Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richmond Minerals' price. Additionally, you may evaluate how the addition of Richmond Minerals to your portfolios can decrease your overall portfolio volatility.