Ascendant Resources Stock Return On Asset
| ASND Stock | CAD 0.05 0.01 25.00% |
Ascendant Resources fundamentals help investors to digest information that contributes to Ascendant Resources' financial success or failures. It also enables traders to predict the movement of Ascendant Stock. The fundamental analysis module provides a way to measure Ascendant Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ascendant Resources stock.
As of the 22nd of December 2024, Return On Assets is likely to drop to -0.59. Ascendant | Return On Asset |
Ascendant Resources Company Return On Asset Analysis
Ascendant Resources' 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 Ascendant Resources Return On Asset | -0.13 |
Most of Ascendant Resources' 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, Ascendant Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ascendant Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Ascendant Resources is extremely important. It helps to project a fair market value of Ascendant Stock properly, considering its historical fundamentals such as Return On Asset. Since Ascendant Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ascendant Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ascendant Resources' interrelated accounts and indicators.
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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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Ascendant Total Assets
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Based on the latest financial disclosure, Ascendant Resources has a Return On Asset of -0.1294. This is 117.49% lower than that of the Metals & Mining sector and 97.78% lower than that of the Materials industry. The return on asset for all Canada stocks is 7.57% lower than that of the firm.
Ascendant Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ascendant Resources' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ascendant Resources could also be used in its relative valuation, which is a method of valuing Ascendant Resources by comparing valuation metrics of similar companies.Ascendant Resources is currently under evaluation in return on asset category among its peers.
Ascendant Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ascendant Resources from analyzing Ascendant Resources' financial statements. These drivers represent accounts that assess Ascendant Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ascendant Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 19.0M | 11.2M | 16.3M | 21.7M | 8.1M | 9.0M | |
| Enterprise Value | 32.3M | 10.7M | 18.3M | 32.2M | 25.8M | 27.1M |
Ascendant Fundamentals
| Return On Equity | 2.31 | ||||
| Return On Asset | -0.13 | ||||
| Current Valuation | 35.8 M | ||||
| Shares Outstanding | 186.64 M | ||||
| Shares Owned By Insiders | 3.28 % | ||||
| Shares Owned By Institutions | 14.51 % | ||||
| Number Of Shares Shorted | 6.94 K | ||||
| Price To Earning | 12.50 X | ||||
| Price To Book | 6.10 X | ||||
| Price To Sales | 0.21 X | ||||
| Gross Profit | 23.89 M | ||||
| EBITDA | (2.89 M) | ||||
| Net Income | (7.76 M) | ||||
| Cash And Equivalents | 2.21 M | ||||
| Cash Per Share | 0.03 X | ||||
| Total Debt | 18.42 M | ||||
| Debt To Equity | 66.20 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | (0.10) X | ||||
| Cash Flow From Operations | (2.6 M) | ||||
| Short Ratio | 0.03 X | ||||
| Earnings Per Share | (0.03) X | ||||
| Target Price | 0.28 | ||||
| Beta | 1.54 | ||||
| Market Capitalization | 8.4 M | ||||
| Total Asset | 18.54 M | ||||
| Retained Earnings | (59.22 M) | ||||
| Working Capital | (4.67 M) | ||||
| Net Asset | 18.54 M |
About Ascendant Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ascendant Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ascendant Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ascendant Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Ascendant Resources
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 Ascendant Resources 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 Ascendant Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Ascendant Stock
The ability to find closely correlated positions to Ascendant Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascendant Resources 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 Ascendant Resources - 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 Ascendant Resources to buy it.
The correlation of Ascendant Resources 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 Ascendant Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascendant Resources 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 Ascendant Resources 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 Ascendant Stock
Ascendant Resources financial ratios help investors to determine whether Ascendant 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 Ascendant with respect to the benefits of owning Ascendant Resources security.