We strongly advise to harness analysis of Xtra Gold Resources fundamentals to see if markets are presently mispricing the firm. We were able to analyze and collect data for twenty-six available indicators for Xtra Gold Resources, which can be compared to its rivals. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Xtra Gold to be traded at C$1.9776 in 90 days. Key indicators impacting Xtra Gold's financial strength include:
Understanding current and past Xtra Gold Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Xtra Gold's financial statements are interrelated, with each one affecting the others. For example, an increase in Xtra Gold's assets may result in an increase in income on the income statement.
Xtra Gold competes with Loncor Resources, and Quartz Mountain. Xtra-Gold Resources Corp. engages in the exploration and development of gold properties in Ghana, West Africa. Xtra-Gold Resources Corp. was incorporated in 1998 and is based in Nassau, Bahamas. XTRA GOLD is traded on Toronto Stock Exchange in Canada.
You should never invest in Xtra Gold without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Xtra Stock, because this is throwing your money away. Analyzing the key information contained in Xtra Gold's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Xtra Gold Key Financial Ratios
Xtra Gold's financial ratios allow both analysts and investors to convert raw data from Xtra Gold's financial statements into concise, actionable information that can be used to evaluate the performance of Xtra Gold over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Xtra Gold's current stock value. Our valuation model uses many indicators to compare Xtra Gold value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Xtra Gold competition to find correlations between indicators driving Xtra Gold's intrinsic value. More Info.
Xtra Gold Resources Corp is rated first in return on equity category among its peers. It is rated first in return on asset category among its peers reporting about 1.52 of Return On Asset per Return On Equity. At this time, Xtra Gold's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Xtra Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Xtra Gold'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.
Xtra Gold Resources Systematic Risk
Xtra Gold's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Xtra Gold 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 Xtra Gold Resources correlated with the market. If Beta is less than 0 Xtra Gold generally moves in the opposite direction as compared to the market. If Xtra Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Xtra Gold Resources is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Xtra Gold is generally in the same direction as the market. If Beta > 1 Xtra Gold moves generally in the same direction as, but more than the movement of the benchmark.
Xtra Gold Resources Corp Total Assets Over Time
Today, most investors in Xtra Gold Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Xtra Gold's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Xtra Gold growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Xtra Gold help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Xtra Gold Resources Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Xtra Gold Resources Corp based on widely used predictive technical indicators. In general, we focus on analyzing Xtra Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Xtra Gold's daily price indicators and compare them against related drivers.
Xtra Gold financial ratios help investors to determine whether Xtra 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 Xtra with respect to the benefits of owning Xtra Gold security.