Kenmare Resources Current Valuation vs. Return On Asset
| KMR Stock | 4.20 0.02 0.48% |
For Kenmare Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kenmare Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kenmare Resources PLC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kenmare Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kenmare Resources PLC over time as well as its relative position and ranking within its peers.
Kenmare |
Kenmare Resources PLC Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Kenmare Resources's current stock value. Our valuation model uses many indicators to compare Kenmare Resources value to that of its competitors to determine the firm's financial worth. Kenmare Resources PLC is considered the number one company in current valuation category among its peers. It also is currently regarded as number one stock in return on asset category among its peers . The ratio of Current Valuation to Return On Asset for Kenmare Resources PLC is about 5,688,783,702 . 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 Kenmare Resources' earnings, one of the primary drivers of an investment's value.Kenmare Current Valuation vs. Competition
Kenmare Resources PLC is considered the number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other Industrial Metals & Mining industry is now estimated at about (9.15 Billion). Kenmare Resources adds roughly 530.19 Million in current valuation claiming only tiny portion of all equities under Other Industrial Metals & Mining industry.
Kenmare Return On Asset vs. Current Valuation
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.
Kenmare Resources |
| = | 530.19 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.
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.
Kenmare Resources |
| = | 0.0932 |
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.
Kenmare Return On Asset Comparison
Kenmare Resources is currently under evaluation in return on asset category among its peers.
Kenmare Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Kenmare 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 Kenmare 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 Kenmare Resources' important profitability drivers and their relationship over time.
Use Kenmare 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 Kenmare 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 Kenmare Resources will appreciate offsetting losses from the drop in the long position's value.Kenmare Resources Pair Trading
Kenmare Resources PLC Pair Trading Analysis
The ability to find closely correlated positions to Kenmare 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 Kenmare 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 Kenmare 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 Kenmare Resources PLC to buy it.
The correlation of Kenmare 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 Kenmare Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kenmare Resources PLC 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 Kenmare 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 Kenmare Resources position
In addition to having Kenmare Resources 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 Moderate Funds Thematic Idea Now
Moderate Funds
Funds or Etfs that combine stocks, bonds and money market instruments to get modest capital appreciation over time. The Moderate Funds theme has 43 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 Moderate Funds Theme or any other thematic opportunities.
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Additional Tools for Kenmare Stock Analysis
When running Kenmare Resources' price analysis, check to measure Kenmare Resources' 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 Kenmare Resources is operating at the current time. Most of Kenmare Resources' value examination focuses on studying past and present price action to predict the probability of Kenmare Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kenmare Resources' price. Additionally, you may evaluate how the addition of Kenmare Resources to your portfolios can decrease your overall portfolio volatility.