Grande Portage Shares Outstanding vs. Current Valuation
| GPTRF Stock | USD 0.14 0.01 6.67% |
For Grande Portage profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Grande Portage to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Grande Portage Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Grande Portage's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Grande Portage Resources over time as well as its relative position and ranking within its peers.
Grande |
Grande Portage Resources Current Valuation vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Grande Portage's current stock value. Our valuation model uses many indicators to compare Grande Portage value to that of its competitors to determine the firm's financial worth. Grande Portage Resources is rated # 4 in shares outstanding category among its peers. It is rated # 5 in current valuation category among its peers reporting about 0.11 of Current Valuation per Shares Outstanding. The ratio of Shares Outstanding to Current Valuation for Grande Portage Resources is roughly 8.89 . 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 Grande Portage's earnings, one of the primary drivers of an investment's value.Grande Current Valuation vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Grande Portage |
| = | 108.15 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Grande Portage |
| = | 12.17 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Grande Current Valuation vs Competition
Grande Portage Resources is rated # 5 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 515.52 Million. Grande Portage holds roughly 12.17 Million in current valuation claiming about 2.36% of all equities under Materials industry.
Grande Portage Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Grande Portage, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Grande Portage will eventually generate negative long term returns. The profitability progress is the general direction of Grande Portage's change in net profit over the period of time. It can combine multiple indicators of Grande Portage, 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.
Grande Portage Resources Ltd., an exploration stage company, engages in the exploration and development of natural resource properties in the United States and Canada. Grande Portage Resources Ltd. was incorporated in 1984 and is headquartered in Vancouver, Canada. GRANDE PORTAGE operates under Gold classification in the United States and is traded on OTC Exchange.
Grande Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Grande Portage. 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 Grande Portage 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 Grande Portage's important profitability drivers and their relationship over time.
Use Grande Portage 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 Grande Portage 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 Grande Portage will appreciate offsetting losses from the drop in the long position's value.Grande Portage Pair Trading
Grande Portage Resources Pair Trading Analysis
The ability to find closely correlated positions to Grande Portage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grande Portage 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 Grande Portage - 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 Grande Portage Resources to buy it.
The correlation of Grande Portage 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 Grande Portage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grande Portage 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 Grande Portage 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 Grande Portage position
In addition to having Grande Portage 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 Baby Boomer Prospects Thematic Idea Now
Baby Boomer Prospects
Equities with large market capitalization that account for significant contribution to overall economic growth especially within dividend-paying instruments and stocks from healthcare and financial sectors. The Baby Boomer Prospects theme has 99 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 Baby Boomer Prospects Theme or any other thematic opportunities.
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Other Information on Investing in Grande OTC Stock
To fully project Grande Portage's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Grande Portage 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 Grande Portage's income statement, its balance sheet, and the statement of cash flows.