Foran Historical Financial Ratios
| FOM Stock | 3.92 0.02 0.51% |
Foran Mining is recently reporting on over 71 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 2.44 or Days Sales Outstanding of 17.3 K will help investors to properly organize and evaluate Foran Mining financial condition quickly.
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About Foran Financial Ratios Analysis
Foran MiningFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Foran Mining investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Foran financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Foran Mining history.
Foran Mining Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Foran Mining stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Foran Mining sales, a figure that is much harder to manipulate than other Foran Mining multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Ev To Free Cash Flow
A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.Most ratios from Foran Mining's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Foran Mining current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foran Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Foran Mining's PB Ratio is very stable compared to the past year. As of the 20th of December 2024, EV To Sales is likely to grow to about 77.5 K, while Free Cash Flow Yield is likely to drop (0.11).
| 2023 | 2024 (projected) | Days Sales Outstanding | 16.5K | 17.3K | PTB Ratio | 2.32 | 2.44 |
Foran Mining fundamentals Correlations
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Foran Mining Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Foran Mining
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 Foran Mining 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 Foran Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Foran Stock
Moving against Foran Stock
| 0.52 | ERE-UN | European Residential Real | PairCorr |
| 0.49 | TCS | TECSYS Inc | PairCorr |
| 0.38 | DBO | D Box Technologies | PairCorr |
| 0.35 | KDA | KDA Group | PairCorr |
| 0.35 | PGDC | Patagonia Gold Corp | PairCorr |
The ability to find closely correlated positions to Foran Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Foran Mining 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 Foran Mining - 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 Foran Mining to buy it.
The correlation of Foran Mining 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 Foran Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Foran Mining 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 Foran Mining 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 Foran Stock
Foran MiningFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Foran Mining investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Foran financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Foran Mining history.