CopperCorp Resources Cash And Equivalents vs. Current Ratio
| CPCPF Stock | USD 0.09 0.01 14.08% |
For CopperCorp Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CopperCorp Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CopperCorp Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CopperCorp Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CopperCorp Resources over time as well as its relative position and ranking within its peers.
CopperCorp |
CopperCorp Resources Current Ratio vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CopperCorp Resources's current stock value. Our valuation model uses many indicators to compare CopperCorp Resources value to that of its competitors to determine the firm's financial worth. CopperCorp Resources is number one stock in cash and equivalents category among its peers. It also is number one stock in current ratio category among its peers . The ratio of Cash And Equivalents to Current Ratio for CopperCorp Resources is about 195,266 . 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 CopperCorp Resources' earnings, one of the primary drivers of an investment's value.CopperCorp Current Ratio vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
CopperCorp Resources |
| = | 8.25 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.
CopperCorp Resources |
| = | 42.25 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).
CopperCorp Current Ratio Comparison
CopperCorp Resources is currently under evaluation in current ratio category among its peers.
CopperCorp Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CopperCorp Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CopperCorp Resources will eventually generate negative long term returns. The profitability progress is the general direction of CopperCorp Resources' change in net profit over the period of time. It can combine multiple indicators of CopperCorp 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.
CopperCorp Resources Inc. engages in the exploration of mineral properties in Australia. CopperCorp Resources Inc. was incorporated in 2020 and is headquartered in Vancouver, Canada. Coppercorp Resources operates under Copper classification in the United States and is traded on OTC Exchange.
CopperCorp Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CopperCorp 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 CopperCorp 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 CopperCorp Resources' important profitability drivers and their relationship over time.
Use CopperCorp 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 CopperCorp 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 CopperCorp Resources will appreciate offsetting losses from the drop in the long position's value.CopperCorp Resources Pair Trading
CopperCorp Resources Pair Trading Analysis
The ability to find closely correlated positions to CopperCorp 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 CopperCorp 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 CopperCorp 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 CopperCorp Resources to buy it.
The correlation of CopperCorp 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 CopperCorp Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CopperCorp 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 CopperCorp 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.Use Investing Themes to Complement your CopperCorp Resources position
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Other Information on Investing in CopperCorp OTC Stock
To fully project CopperCorp Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CopperCorp 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 CopperCorp Resources' income statement, its balance sheet, and the statement of cash flows.