Glen Eagle Price To Book vs. Return On Asset
| GERFF Stock | USD 0 0.00 0.00% |
For Glen Eagle profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Glen Eagle to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Glen Eagle Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Glen Eagle's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Glen Eagle Resources over time as well as its relative position and ranking within its peers.
Glen |
Glen Eagle Resources Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Glen Eagle's current stock value. Our valuation model uses many indicators to compare Glen Eagle value to that of its competitors to determine the firm's financial worth. Glen Eagle Resources is rated # 4 in price to book category among its peers. It is rated below average in return on asset 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 Glen Eagle's earnings, one of the primary drivers of an investment's value.Glen Return On Asset vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Glen Eagle |
| = | 3.46 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Glen Eagle |
| = | -0.66 |
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.
Glen Return On Asset Comparison
Glen Eagle is currently under evaluation in return on asset category among its peers.
Glen Eagle Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Glen Eagle, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Glen Eagle will eventually generate negative long term returns. The profitability progress is the general direction of Glen Eagle's change in net profit over the period of time. It can combine multiple indicators of Glen Eagle, 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.
Glen Eagle Resources Inc. engages in the acquisition, exploration, development, and evaluation of mining properties. Glen Eagle Resources Inc. is headquartered in Saint-Lambert, Canada. Glen Eagle operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Glen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Glen Eagle. 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 Glen Eagle 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 Glen Eagle's important profitability drivers and their relationship over time.
Use Glen Eagle 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 Glen Eagle 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 Glen Eagle will appreciate offsetting losses from the drop in the long position's value.Glen Eagle Pair Trading
Glen Eagle Resources Pair Trading Analysis
The ability to find closely correlated positions to Glen Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Glen Eagle 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 Glen Eagle - 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 Glen Eagle Resources to buy it.
The correlation of Glen Eagle 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 Glen Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Glen Eagle 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 Glen Eagle 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 Glen Eagle position
In addition to having Glen Eagle 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 Wireless Thematic Idea Now
Wireless
Companies providing wireless technology and communication services. The Wireless theme has 46 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 Wireless Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Glen Pink Sheet
To fully project Glen Eagle's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Glen Eagle 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 Glen Eagle's income statement, its balance sheet, and the statement of cash flows.