Entree Resources financial statements provide useful quarterly and yearly information to potential Entree Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Entree Resources financial statements helps investors assess Entree Resources' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Entree Resources' valuation are summarized below:
Market Capitalization
469.6 M
Earnings Share
(0.07)
We have found one hundred twenty available fundamental signals for Entree Resources, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to verify Entree Resources' prevailing fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 19th of March 2025, Market Cap is likely to grow to about 162.4 M. Also, Working Capital is likely to grow to about 180.9 K
Entree Resources investors utilize fundamental indicators, such as revenue or net income, to predict how Entree Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
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 Entree 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 Entree Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Entree 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 Entree 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 Entree 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 Entree Resources to buy it.
The correlation of Entree 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 Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree 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 Entree 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.
Entree Resources financial ratios help investors to determine whether Entree Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Entree with respect to the benefits of owning Entree Resources security.