Minetech Resources Total Asset vs. Price To Book

7219 Stock   0.13  0.01  7.14%   
Based on Minetech Resources' profitability indicators, Minetech Resources Bhd may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Minetech Resources' ability to earn profits and add value for shareholders.
For Minetech Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Minetech Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Minetech Resources Bhd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Minetech Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Minetech Resources Bhd over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Minetech Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Minetech Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Minetech Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Minetech Resources Bhd Price To Book vs. Total Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Minetech Resources's current stock value. Our valuation model uses many indicators to compare Minetech Resources value to that of its competitors to determine the firm's financial worth.
Minetech Resources Bhd is number one stock in total asset category among its peers. It also is number one stock in price to book category among its peers . The ratio of Total Asset to Price To Book for Minetech Resources Bhd is about  170,130,211 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Minetech Resources' earnings, one of the primary drivers of an investment's value.

Minetech Price To Book vs. Total Asset

Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.

Minetech Resources

Total Asset

 = 

Tangible Assets

+

Intangible Assets

 = 
183.98 M
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Minetech Resources

P/B

 = 

MV Per Share

BV Per Share

 = 
1.08 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Minetech Price To Book Comparison

Minetech Resources is currently under evaluation in price to book category among its peers.

Minetech Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Minetech Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Minetech Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Minetech Resources' important profitability drivers and their relationship over time.

Use Minetech Resources in pair-trading

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 Minetech 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 Minetech Resources will appreciate offsetting losses from the drop in the long position's value.

Minetech Resources Pair Trading

Minetech Resources Bhd Pair Trading Analysis

The ability to find closely correlated positions to Minetech 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 Minetech 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 Minetech 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 Minetech Resources Bhd to buy it.
The correlation of Minetech 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 Minetech Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Minetech Resources Bhd 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 Minetech 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Minetech Resources position

In addition to having Minetech Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Government Funds Thematic Idea Now

Government Funds
Government Funds Theme
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Government Funds Theme or any other thematic opportunities.
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Other Information on Investing in Minetech Stock

To fully project Minetech Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Minetech Resources Bhd at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Minetech Resources' income statement, its balance sheet, and the statement of cash flows.
Potential Minetech Resources investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Minetech Resources investors may work on each financial statement separately, they are all related. The changes in Minetech Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Minetech Resources's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.