Capricorn Metals Profitability Analysis
| CMM Stock | 6.49 0.05 0.78% |
Net Income | First Reported 2008-12-31 | Previous Quarter 54.4 M | Current Value 32.8 M | Quarterly Volatility 14.5 M |
For Capricorn Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Capricorn Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Capricorn Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Capricorn Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Capricorn Metals over time as well as its relative position and ranking within its peers.
Capricorn |
Capricorn Metals Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Capricorn Metals's current stock value. Our valuation model uses many indicators to compare Capricorn Metals value to that of its competitors to determine the firm's financial worth. Capricorn Metals is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.44 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Capricorn Metals is roughly 2.26 . 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 Capricorn Metals' earnings, one of the primary drivers of an investment's value.Capricorn Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Capricorn Metals |
| = | 0.31 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
Capricorn Metals |
| = | 0.14 |
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.
Capricorn Return On Asset Comparison
Capricorn Metals is currently under evaluation in return on asset category among its peers.
Capricorn Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Capricorn Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Capricorn Metals will eventually generate negative long term returns. The profitability progress is the general direction of Capricorn Metals' change in net profit over the period of time. It can combine multiple indicators of Capricorn Metals, 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -35.8 M | -34 M | |
| Income Tax Expense | 38.5 M | 40.5 M | |
| Operating Income | 141.6 M | 148.7 M | |
| Income Before Tax | 125.7 M | 132 M | |
| Total Other Income Expense Net | -15.9 M | -16.7 M | |
| Net Income | 87.1 M | 91.5 M | |
| Net Income Applicable To Common Shares | 5.1 M | 4.5 M | |
| Net Income From Continuing Ops | 87.1 M | 91.5 M | |
| Interest Income | 5.8 M | 6.1 M | |
| Net Interest Income | -14 M | -14.7 M | |
| Change To Netincome | 144.7 M | 151.9 M |
Capricorn Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Capricorn Metals. 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 Capricorn Metals 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 Capricorn Metals' important profitability drivers and their relationship over time.
Use Capricorn Metals 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 Capricorn Metals 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 Capricorn Metals will appreciate offsetting losses from the drop in the long position's value.Capricorn Metals Pair Trading
Capricorn Metals Pair Trading Analysis
The ability to find closely correlated positions to Capricorn Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capricorn Metals 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 Capricorn Metals - 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 Capricorn Metals to buy it.
The correlation of Capricorn Metals 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 Capricorn Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capricorn Metals 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 Capricorn Metals 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 Capricorn Metals position
In addition to having Capricorn Metals 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 Coal Thematic Idea Now
Coal
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Coal theme has 12 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 Coal Theme or any other thematic opportunities.
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Additional Tools for Capricorn Stock Analysis
When running Capricorn Metals' price analysis, check to measure Capricorn Metals' 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 Capricorn Metals is operating at the current time. Most of Capricorn Metals' value examination focuses on studying past and present price action to predict the probability of Capricorn Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capricorn Metals' price. Additionally, you may evaluate how the addition of Capricorn Metals to your portfolios can decrease your overall portfolio volatility.