Entree Historical Valuation
| ETG Stock | CAD 2.22 0.15 6.33% |
Some fundamental drivers such as market cap or Entree Resources enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Entree Resources valuation indicators such as Enterprise Value of 187.5 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Entree Resources's future value.
Entree Resources Working Capital |
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Entree |
About Entree Valuation Data Analysis
Valuation is the financial process of determining what Entree Resources is worth. Entree Resources valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Entree Resources valuation ratios help investors to determine whether Entree 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 Entree with respect to the benefits of owning Entree Resources security.
Entree Resources Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Most indicators from Entree Resources' valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Entree Resources current financial condition. On the other hand, looking into the entire matrix of valuation accounts indicators, 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 Entree Resources. 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. As of the 11th of December 2024, Market Cap is likely to grow to about 180.5 M. Also, Working Capital is likely to grow to about 180.9 K
| 2023 | 2024 (projected) | Working Capital | 156.1K | 180.9K | Market Cap | 171.9M | 180.5M |
Entree Resources valuation accounts Correlations
Entree Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Not Found
Entree Resources valuation accounts Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 49.8M | 78.5M | 120.8M | 167.2M | 171.9M | 180.5M | |
| Enterprise Value | 53.8M | 81.1M | 124.1M | 172.5M | 178.5M | 187.5M |
Pair Trading with Entree 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 Entree 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 Entree Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Entree Stock
| 0.58 | NG | NovaGold Resources | PairCorr |
| 0.38 | INFM | Infinico Metals Corp | PairCorr |
| 0.35 | HPQ | HPQ Silicon Resources | PairCorr |
The ability to find closely correlated positions to Entree 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 Entree 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 Entree 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 Entree Resources to buy it.
The correlation of Entree 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 Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree 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 Entree 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 Entree Stock
Valuation is the financial process of determining what Entree Resources is worth. Entree Resources valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Entree Resources valuation ratios help investors to determine whether Entree 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 Entree with respect to the benefits of owning Entree Resources security.