Starcore Financial Statements From 2010 to 2024
SAM Stock | CAD 0.15 0.01 7.14% |
Check Starcore International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Starcore International's main balance sheet or income statement drivers, such as , as well as many indicators such as . Starcore financial statements analysis is a perfect complement when working with Starcore International Valuation or Volatility modules.
Starcore |
Starcore International Mines Company Return On Equity Analysis
Starcore International's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Starcore International Return On Equity | 0.0967 |
Most of Starcore International's fundamental indicators, such as Return On Equity, 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, Starcore International Mines is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Competition |
Based on the latest financial disclosure, Starcore International Mines has a Return On Equity of 0.0967. This is 89.37% lower than that of the Metals & Mining sector and 79.85% lower than that of the Materials industry. The return on equity for all Canada stocks is 131.19% lower than that of the firm.
Starcore International Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Starcore International's current stock value. Our valuation model uses many indicators to compare Starcore International value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Starcore International competition to find correlations between indicators driving Starcore International's intrinsic value. More Info.Starcore International Mines is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.13 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Starcore International Mines is roughly 7.74 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Starcore International by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Starcore International'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 Starcore International Financial Statements
Starcore International investors utilize fundamental indicators, such as revenue or net income, to predict how Starcore 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.
Starcore International Mines Ltd., a mineral resource company, explores for, develops, and produces mineral resources in Mexico. Starcore International Mines Ltd. was incorporated in 1980 and is headquartered in Vancouver, Canada. STARCORE INTERNATIONAL operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Starcore International
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 Starcore International 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 Starcore International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Starcore International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starcore International 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 Starcore International - 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 Starcore International Mines to buy it.
The correlation of Starcore International 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 Starcore International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starcore International 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 Starcore International 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 Starcore Stock
Starcore International financial ratios help investors to determine whether Starcore 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 Starcore with respect to the benefits of owning Starcore International security.