Fortitude Financial Statements From 2010 to 2024
| FTCO Stock | USD 5.33 0.06 1.14% |
Check Fortitude Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortitude Gold's main balance sheet or income statement drivers, such as , as well as many indicators such as . Fortitude financial statements analysis is a perfect complement when working with Fortitude Gold Valuation or Volatility modules.
Fortitude |
Fortitude Gold Corp OTC Stock Profit Margin Analysis
Fortitude Gold's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Fortitude Gold Profit Margin | 0.19 % |
Most of Fortitude Gold's fundamental indicators, such as Profit Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortitude Gold Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
| Competition |
Based on the latest financial disclosure, Fortitude Gold Corp has a Profit Margin of 0.1896%. This is 103.19% lower than that of the Basic Materials sector and 103.17% lower than that of the Gold industry. The profit margin for all United States stocks is 114.93% lower than that of the firm.
Fortitude Gold Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Fortitude Gold's current stock value. Our valuation model uses many indicators to compare Fortitude Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fortitude Gold competition to find correlations between indicators driving Fortitude Gold's intrinsic value. More Info.Fortitude Gold Corp is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.92 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Fortitude Gold Corp is roughly 1.08 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Fortitude Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Fortitude Gold's OTC 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.About Fortitude Gold Financial Statements
Fortitude Gold investors utilize fundamental indicators, such as revenue or net income, to predict how Fortitude OTC 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.
Fortitude Gold Corporation, a mining company, focuses on exploring gold and silver projects. The company was incorporated in 2020 and is headquartered in Colorado Springs, Colorado. FORTITUDE GOLD operates under Gold classification in the United States and is traded on OTC Exchange. It employs 68 people.
Pair Trading with Fortitude Gold
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 Fortitude 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 Fortitude Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Fortitude OTC Stock
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.7 | BKRKY | Bank Rakyat | PairCorr |
| 0.68 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.66 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.63 | NCMGF | Newcrest Mining | PairCorr |
The ability to find closely correlated positions to Fortitude 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 Fortitude 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 Fortitude 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 Fortitude Gold Corp to buy it.
The correlation of Fortitude 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 Fortitude Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortitude Gold 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 Fortitude 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.Other Information on Investing in Fortitude OTC Stock
Fortitude Gold financial ratios help investors to determine whether Fortitude OTC 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 Fortitude with respect to the benefits of owning Fortitude Gold security.