Cornish Metals Return On Asset vs. Total Asset
| CUSN Stock | 8.15 0.11 1.37% |
For Cornish Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cornish Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cornish Metals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cornish Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cornish Metals over time as well as its relative position and ranking within its peers.
Cornish |
Cornish Metals Total Asset vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cornish Metals's current stock value. Our valuation model uses many indicators to compare Cornish Metals value to that of its competitors to determine the firm's financial worth. Cornish Metals is rated below average in return on asset category among its peers. It is rated below average in total asset category among its peers . At this time, Cornish Metals' Total Assets are comparatively stable compared to the past year. 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 Cornish Metals' earnings, one of the primary drivers of an investment's value.Cornish Total Asset vs. Return On Asset
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.
Cornish Metals |
| = | -0.0252 |
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.
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.
Cornish Metals |
| = | 104.22 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.
Cornish Total Asset Comparison
Cornish Metals is currently under evaluation in total asset category among its peers.
Cornish Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cornish Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cornish Metals will eventually generate negative long term returns. The profitability progress is the general direction of Cornish Metals' change in net profit over the period of time. It can combine multiple indicators of Cornish 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 | 2.1 M | 2.2 M | |
| Operating Income | -5.2 M | -4.9 M | |
| Income Before Tax | -3.1 M | -3.3 M | |
| Total Other Income Expense Net | 2.1 M | 2.2 M | |
| Net Loss | -3 K | -3.1 K | |
| Income Tax Expense | 188.8 K | 179.4 K | |
| Interest Income | 1.7 M | 1.8 M | |
| Net Loss | -1.1 M | -1.2 M | |
| Net Interest Income | 1.7 M | 1.8 M | |
| Net Income From Continuing Ops | 767.5 K | 805.8 K | |
| Change To Netincome | -1.6 M | -1.5 M |
Cornish Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cornish 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 Cornish 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 Cornish Metals' important profitability drivers and their relationship over time.
Use Cornish 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 Cornish 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 Cornish Metals will appreciate offsetting losses from the drop in the long position's value.Cornish Metals Pair Trading
Cornish Metals Pair Trading Analysis
The ability to find closely correlated positions to Cornish 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 Cornish 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 Cornish 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 Cornish Metals to buy it.
The correlation of Cornish 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 Cornish Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cornish 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 Cornish 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 Cornish Metals position
In addition to having Cornish 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?
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Companies specializing in air services and air delivery. The Air theme has 43 constituents at this time.
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Additional Tools for Cornish Stock Analysis
When running Cornish Metals' price analysis, check to measure Cornish 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 Cornish Metals is operating at the current time. Most of Cornish Metals' value examination focuses on studying past and present price action to predict the probability of Cornish Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cornish Metals' price. Additionally, you may evaluate how the addition of Cornish Metals to your portfolios can decrease your overall portfolio volatility.