Solaris Resources Book Value Per Share vs. Short Ratio

SLS Stock   4.51  0.23  5.37%   
Based on Solaris Resources' profitability indicators, Solaris Resources may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Solaris Resources' ability to earn profits and add value for shareholders.
 
Book Value Per Share  
First Reported
2010-12-31
Previous Quarter
0.17890515
Current Value
0.17
Quarterly Volatility
0.23340562
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Solaris Resources' Income Quality is very stable compared to the past year. As of the 22nd of December 2024, Graham Number is likely to grow to 0.99, while PTB Ratio is likely to drop 12.93.
For Solaris Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Solaris Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Solaris Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Solaris Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Solaris Resources over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Solaris Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Solaris Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Solaris Resources' 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.

Solaris Resources Short Ratio vs. Book Value Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Solaris Resources's current stock value. Our valuation model uses many indicators to compare Solaris Resources value to that of its competitors to determine the firm's financial worth.
Solaris Resources is rated fifth in book value per share category among its peers. It is currently regarded as top stock in short ratio category among its peers fabricating about  169.31  of Short Ratio per Book Value Per Share. At this time, Solaris Resources' Book Value Per Share is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Solaris Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Solaris Resources' 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.

Solaris Short Ratio vs. Book Value Per Share

Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Solaris Resources

Book Value per Share

 = 

Common Equity

Average Shares

 = 
0.12 X
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.

Solaris Resources

Short Ratio

 = 

Short Interest

Average Trading Volume

 = 
19.64 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.

Solaris Short Ratio Comparison

Solaris Resources is currently under evaluation in short ratio category among its peers.

Solaris Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Solaris Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Solaris Resources will eventually generate negative long term returns. The profitability progress is the general direction of Solaris Resources' change in net profit over the period of time. It can combine multiple indicators of Solaris Resources, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income1.6 M1.5 M
Interest Income508 K482.6 K
Operating Income-41.4 M-43.5 M
Income Before Tax-41.1 M-43.1 M
Total Other Income Expense Net339 K493.9 K
Net Loss-52.8 M-50.2 M
Net Loss-41.1 M-43.1 M
Net Interest Income508 K256.3 K
Net Loss-41.1 M-43.1 M
Income Tax Expense(75.00)(78.75)
Change To Netincome3.3 M1.7 M
Net Loss(0.29)(0.30)
Income Quality 0.93  1.61 
Net Income Per E B T 1.00  1.05 

Solaris Profitability Driver Comparison

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

Use Solaris Resources 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 Solaris Resources 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 Solaris Resources will appreciate offsetting losses from the drop in the long position's value.

Solaris Resources Pair Trading

Solaris Resources Pair Trading Analysis

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

In addition to having Solaris Resources 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.

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Run Education Thematic Idea Now

Education
Education Theme
Companies involved in apprenticeship, education, tutoring, schooling, online universities, and other learning services. The Education theme has 42 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 Education Theme or any other thematic opportunities.
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Other Information on Investing in Solaris Stock

To fully project Solaris Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Solaris 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 Solaris Resources' income statement, its balance sheet, and the statement of cash flows.
Potential Solaris Resources investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Solaris Resources investors may work on each financial statement separately, they are all related. The changes in Solaris Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Solaris Resources'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.