Globe Metals Return On Equity vs. Beta
| GBE Stock | 0.04 0 5.00% |
For Globe Metals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Globe Metals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Globe Metals Mining utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Globe Metals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Globe Metals Mining over time as well as its relative position and ranking within its peers.
Globe |
Globe Metals Mining Beta vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Globe Metals's current stock value. Our valuation model uses many indicators to compare Globe Metals value to that of its competitors to determine the firm's financial worth. Globe Metals Mining is rated below average in return on equity category among its peers. It is rated below average in beta category among its peers . 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 Globe Metals' earnings, one of the primary drivers of an investment's value.Globe Beta 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.
Globe Metals |
| = | -0.11 |
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.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Globe Metals |
| = | 0.41 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Globe Beta Comparison
Globe Metals is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, Globe Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Globe Metals is expected to be smaller as well.
Globe Metals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Globe Metals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Globe Metals will eventually generate negative long term returns. The profitability progress is the general direction of Globe Metals' change in net profit over the period of time. It can combine multiple indicators of Globe 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 | 511 K | 447.6 K | |
| Operating Income | -2.6 M | -2.7 M | |
| Income Before Tax | -3.4 M | -3.6 M | |
| Total Other Income Expense Net | -827 K | -785.6 K | |
| Net Loss | -3.4 M | -3.6 M | |
| Income Tax Expense | -109 K | -114.5 K | |
| Net Loss | -3.1 M | -3.2 M | |
| Net Loss | -3.1 M | -3.2 M | |
| Net Interest Income | -49.5 K | -47 K | |
| Interest Income | 399.1 K | 419 K | |
| Change To Netincome | 928 K | 974.5 K |
Globe Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Globe 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 Globe 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 Globe Metals' important profitability drivers and their relationship over time.
Use Globe 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 Globe 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 Globe Metals will appreciate offsetting losses from the drop in the long position's value.Globe Metals Pair Trading
Globe Metals Mining Pair Trading Analysis
The ability to find closely correlated positions to Globe 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 Globe 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 Globe 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 Globe Metals Mining to buy it.
The correlation of Globe 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 Globe Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globe Metals Mining 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 Globe 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 Globe Metals position
In addition to having Globe 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 Financials ETFs Thematic Idea Now
Financials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Financials ETFs theme has 45 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 Financials ETFs Theme or any other thematic opportunities.
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Additional Tools for Globe Stock Analysis
When running Globe Metals' price analysis, check to measure Globe 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 Globe Metals is operating at the current time. Most of Globe Metals' value examination focuses on studying past and present price action to predict the probability of Globe Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Metals' price. Additionally, you may evaluate how the addition of Globe Metals to your portfolios can decrease your overall portfolio volatility.