Renforth Resources Financials
| RFHRF Stock | USD 0.01 0.0002 2.27% |
With this module, you can analyze Renforth financials for your investing period. You should be able to track the changes in Renforth Resources individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Renforth |
The data published in Renforth Resources' official financial statements typically reflect Renforth Resources' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Renforth Resources' quantitative information. For example, before you start analyzing numbers published by Renforth accountants, it's essential to understand Renforth Resources' liquidity, profitability, and earnings quality within the context of the Basic Materials space in which it operates.
Renforth Resources Stock Summary
Renforth Resources competes with Grande Portage, Aurion Resources, White Gold, Goldshore Resources, and Independence Gold. Renforth Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. Renforth Resources Inc. is headquartered in Pickering, Canada. Renforth Resources is traded on OTC Exchange in the United States.| Instrument | USA OTC Stock View All |
| Exchange | OTCQB Exchange |
| Business Address | Unit 1B 955 |
| Sector | Basic Materials |
| Industry | Gold |
| Benchmark | Dow Jones Industrial |
| Website | www.renforthresources.com |
| Phone | 416 818 1393 |
| Currency | USD - US Dollar |
Renforth Resources Key Financial Ratios
There are many critical financial ratios that Renforth Resources' investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Renforth Resources reports annually and quarterly.| Return On Equity | -1.74 | |||
| Return On Asset | -0.59 | |||
| Beta | 0.88 |
Renforth Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Renforth Resources's current stock value. Our valuation model uses many indicators to compare Renforth Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Renforth Resources competition to find correlations between indicators driving Renforth Resources's intrinsic value. More Info.Renforth Resources is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Renforth Resources' earnings, one of the primary drivers of an investment's value.Renforth Resources Systematic Risk
Renforth Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Renforth Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Renforth Resources correlated with the market. If Beta is less than 0 Renforth Resources generally moves in the opposite direction as compared to the market. If Renforth Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Renforth Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Renforth Resources is generally in the same direction as the market. If Beta > 1 Renforth Resources moves generally in the same direction as, but more than the movement of the benchmark.
Renforth Resources December 11, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Renforth Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Renforth Resources. We use our internally-developed statistical techniques to arrive at the intrinsic value of Renforth Resources based on widely used predictive technical indicators. In general, we focus on analyzing Renforth OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Renforth Resources's daily price indicators and compare them against related drivers.
| Downside Deviation | 23.14 | |||
| Information Ratio | 0.0813 | |||
| Maximum Drawdown | 168.14 | |||
| Value At Risk | (34.81) | |||
| Potential Upside | 55.17 |
Complementary Tools for Renforth OTC Stock analysis
When running Renforth Resources' price analysis, check to measure Renforth Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renforth Resources is operating at the current time. Most of Renforth Resources' value examination focuses on studying past and present price action to predict the probability of Renforth Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renforth Resources' price. Additionally, you may evaluate how the addition of Renforth Resources to your portfolios can decrease your overall portfolio volatility.
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