Discovery Silver Corp Stock Fundamentals
| DSV Stock | 0.79 0.02 2.47% |
Discovery Silver Corp fundamentals help investors to digest information that contributes to Discovery Silver's financial success or failures. It also enables traders to predict the movement of Discovery Stock. The fundamental analysis module provides a way to measure Discovery Silver's 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 Discovery Silver stock.
Discovery |
Discovery Silver Corp Company Shares Outstanding Analysis
Discovery Silver's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Discovery Silver Shares Outstanding | 400.46 M |
Most of Discovery Silver's fundamental indicators, such as Shares Outstanding, 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, Discovery Silver Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Discovery Silver Corp has 400.46 M of shares currently outstending. This is 34.81% lower than that of the Metals & Mining sector and 205.59% higher than that of the Materials industry. The shares outstanding for all Canada stocks is 29.97% higher than that of the company.
Discovery Silver Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Discovery Silver's current stock value. Our valuation model uses many indicators to compare Discovery Silver value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Discovery Silver competition to find correlations between indicators driving Discovery Silver's intrinsic value. More Info.Discovery Silver Corp is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Discovery Silver by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Discovery Silver'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.Discovery Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Discovery Silver's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Discovery Silver could also be used in its relative valuation, which is a method of valuing Discovery Silver by comparing valuation metrics of similar companies.Discovery Silver is currently under evaluation in shares outstanding category among its peers.
Discovery Fundamentals
| Return On Equity | -0.12 | ||||
| Return On Asset | -0.0829 | ||||
| Current Valuation | 283.09 M | ||||
| Shares Outstanding | 400.46 M | ||||
| Shares Owned By Insiders | 23.59 % | ||||
| Shares Owned By Institutions | 23.24 % | ||||
| Number Of Shares Shorted | 911.35 K | ||||
| Price To Book | 2.69 X | ||||
| EBITDA | (20.55 M) | ||||
| Net Income | (15.75 M) | ||||
| Cash And Equivalents | 225 K | ||||
| Total Debt | 410.41 K | ||||
| Book Value Per Share | 0.33 X | ||||
| Cash Flow From Operations | (1.53 M) | ||||
| Short Ratio | 1.73 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 2.23 | ||||
| Number Of Employees | 68 | ||||
| Beta | 2.45 | ||||
| Market Capitalization | 316.36 M | ||||
| Total Asset | 146.07 M | ||||
| Retained Earnings | (148.36 M) | ||||
| Net Asset | 146.07 M |
About Discovery Silver Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Discovery Silver Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Discovery Silver using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Discovery Silver Corp 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 Discovery Silver
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 Discovery Silver 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 Discovery Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Discovery Stock
| 0.89 | AG | First Majestic Silver | PairCorr |
| 0.76 | IE | Ivanhoe Energy | PairCorr |
| 0.79 | ORE | Orezone Gold Corp | PairCorr |
Moving against Discovery Stock
| 0.73 | IMP | Intermap Technologies | PairCorr |
| 0.54 | FDR | Flinders Resources | PairCorr |
| 0.5 | MIN | Excelsior Mining Corp | PairCorr |
| 0.45 | ETG | Entree Resources | PairCorr |
The ability to find closely correlated positions to Discovery Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discovery Silver 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 Discovery Silver - 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 Discovery Silver Corp to buy it.
The correlation of Discovery Silver 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 Discovery Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discovery Silver Corp 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 Discovery Silver 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 Discovery Stock
Discovery Silver financial ratios help investors to determine whether Discovery 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 Discovery with respect to the benefits of owning Discovery Silver security.