Cordoba Minerals Current Ratio vs. Shares Outstanding
Based on Cordoba Minerals' profitability indicators, Cordoba Minerals Corp may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in February. Profitability indicators assess Cordoba Minerals' ability to earn profits and add value for shareholders.
Check out Trending Equities to better understand how to build diversified portfolios. 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.
Please note, there is a significant difference between Cordoba Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cordoba Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cordoba Minerals' 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.
For Cordoba Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cordoba Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cordoba Minerals Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cordoba Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cordoba Minerals Corp over time as well as its relative position and ranking within its peers.
Cordoba |
Cordoba Minerals Corp Shares Outstanding vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cordoba Minerals's current stock value. Our valuation model uses many indicators to compare Cordoba Minerals value to that of its competitors to determine the firm's financial worth. Cordoba Minerals Corp is rated fourth in current ratio category among its peers. It is rated fifth in shares outstanding category among its peers creating about 359,660,416 of Shares Outstanding per Current Ratio. 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 Cordoba Minerals' earnings, one of the primary drivers of an investment's value.Cordoba Shares Outstanding vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
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| = | 0.25 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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.
Cordoba Minerals |
| = | 89.92 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.
Cordoba Shares Outstanding Comparison
Cordoba Minerals is currently under evaluation in shares outstanding category among its peers.
Cordoba Minerals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cordoba Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cordoba Minerals will eventually generate negative long term returns. The profitability progress is the general direction of Cordoba Minerals' change in net profit over the period of time. It can combine multiple indicators of Cordoba Minerals, 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.
Cordoba Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, and development of precious and base metal properties in Canada and the United States. Cordoba Minerals Corp. is a subsidiary of High Power Exploration Inc. CORDOBA MINERALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
Cordoba Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cordoba Minerals. 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 Cordoba Minerals 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 Cordoba Minerals' important profitability drivers and their relationship over time.
Use Cordoba Minerals 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 Cordoba Minerals 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 Cordoba Minerals will appreciate offsetting losses from the drop in the long position's value.Cordoba Minerals Pair Trading
Cordoba Minerals Corp Pair Trading Analysis
The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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.Use Investing Themes to Complement your Cordoba Minerals position
In addition to having Cordoba Minerals 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 Utilities Thematic Idea Now
Utilities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 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 Utilities Theme or any other thematic opportunities.
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Check out Trending Equities to better understand how to build diversified portfolios. 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. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Tools for Cordoba Stock
When running Cordoba Minerals' price analysis, check to measure Cordoba Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cordoba Minerals is operating at the current time. Most of Cordoba Minerals' value examination focuses on studying past and present price action to predict the probability of Cordoba Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cordoba Minerals' price. Additionally, you may evaluate how the addition of Cordoba Minerals to your portfolios can decrease your overall portfolio volatility.
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