Canagold Resources Shares Outstanding vs. Return On Asset

CCM Stock  CAD 0.30  0.02  7.14%   
Based on Canagold Resources' profitability indicators, Canagold Resources may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Canagold Resources' ability to earn profits and add value for shareholders. As of the 4th of December 2024, Price To Sales Ratio is likely to drop to 584.32. In addition to that, Days Sales Outstanding is likely to drop to 2,631. At this time, Canagold Resources' Net Interest Income is very stable compared to the past year. As of the 4th of December 2024, Change To Netincome is likely to grow to about 2.2 M, though Accumulated Other Comprehensive Income is likely to grow to (3 M).
For Canagold Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canagold Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canagold Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canagold Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canagold Resources 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 Canagold Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Canagold Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canagold 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.

Canagold Resources Return On Asset vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Canagold Resources's current stock value. Our valuation model uses many indicators to compare Canagold Resources value to that of its competitors to determine the firm's financial worth.
Canagold Resources is number one stock in shares outstanding category among its peers. It is rated fourth in return on asset category among its peers . As of the 4th of December 2024, Return On Assets is likely to drop to -0.1. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canagold Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canagold Resources' 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.

Canagold Return On Asset vs. Shares Outstanding

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.

Canagold Resources

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
174.5 M
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.
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.

Canagold Resources

Return On Asset

 = 

Net Income

Total Assets

 = 
-0.0651
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.

Canagold Return On Asset Comparison

Canagold Resources is currently under evaluation in return on asset category among its peers.

Canagold Resources Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Canagold Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canagold Resources will eventually generate negative long term returns. The profitability progress is the general direction of Canagold Resources' change in net profit over the period of time. It can combine multiple indicators of Canagold Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-3.2 M-3 M
Operating Income-1.6 M-1.7 M
Income Before Tax-3.1 M-3.2 M
Total Other Income Expense Net-1.4 M-1.5 M
Net Loss-3 M-3.2 M
Income Tax Expense32 K30.4 K
Net Loss-3 M-2.9 M
Net Loss-2.4 M-2.3 M
Interest Income65 K61.8 K
Net Interest Income27 K28.4 K
Change To Netincome2.1 M2.2 M
Net Loss(0.02)(0.02)
Income Quality 0.57  0.60 
Net Income Per E B T 0.99  0.79 

Canagold Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Canagold 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 Canagold 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 Canagold Resources' important profitability drivers and their relationship over time.

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

Canagold Resources Pair Trading

Canagold Resources Pair Trading Analysis

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

In addition to having Canagold 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.

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Preferred Stock ETFs Theme
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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 Preferred Stock ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Canagold Stock

To fully project Canagold Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canagold Resources 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 Canagold Resources' income statement, its balance sheet, and the statement of cash flows.
Potential Canagold Resources investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Canagold Resources investors may work on each financial statement separately, they are all related. The changes in Canagold Resources's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canagold 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.