Mega Financial Statements From 2010 to 2025
| MGA Stock | CAD 0.26 0.01 4.00% |
Check Mega Uranium financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mega Uranium's main balance sheet or income statement drivers, such as , as well as many indicators such as . Mega financial statements analysis is a perfect complement when working with Mega Uranium Valuation or Volatility modules.
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Mega Uranium Company Return On Asset Analysis
Mega Uranium's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Mega Uranium Return On Asset | -0.0126 |
Most of Mega Uranium's fundamental indicators, such as Return On Asset, 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, Mega Uranium is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Mega Uranium has a Return On Asset of -0.0126. This is 131.5% lower than that of the Oil, Gas & Consumable Fuels sector and significantly lower than that of the Energy industry. The return on asset for all Canada stocks is 91.0% lower than that of the firm.
Mega Uranium Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Mega Uranium's current stock value. Our valuation model uses many indicators to compare Mega Uranium value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mega Uranium competition to find correlations between indicators driving Mega Uranium's intrinsic value. More Info.Mega Uranium is regarded second in return on equity category among its peers. It is considered to be number one stock in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Mega Uranium by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Mega Uranium's 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 Mega Uranium Financial Statements
Mega Uranium investors utilize fundamental indicators, such as revenue or net income, to predict how Mega 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.
Mega Uranium Ltd. engages in the mineral exploration and development of uranium properties primarily in Australia and Canada. Mega Uranium Ltd. was incorporated in 1990 and is headquartered in Toronto, Canada. MEGA URANIUM operates under Uranium classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Mega Uranium
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 Mega Uranium 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 Mega Uranium will appreciate offsetting losses from the drop in the long position's value.Moving against Mega Stock
| 0.68 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.57 | ABX | Barrick Gold Corp | PairCorr |
| 0.5 | ELF | E L Financial Earnings Call Today | PairCorr |
| 0.5 | ATX | ATEX Resources | PairCorr |
| 0.46 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Mega Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mega Uranium 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 Mega Uranium - 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 Mega Uranium to buy it.
The correlation of Mega Uranium 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 Mega Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mega Uranium 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 Mega Uranium 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 Mega Stock
Mega Uranium financial ratios help investors to determine whether Mega 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 Mega with respect to the benefits of owning Mega Uranium security.