McChip Resources Return On Equity vs. Cash Per Share
| MCS Stock | CAD 0.75 0.10 11.76% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.06828654 | Current Value 0.0717 | Quarterly Volatility 0.66548126 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 1.07 | 0.9426 |
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For McChip Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of McChip Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well McChip Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between McChip Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of McChip Resources over time as well as its relative position and ranking within its peers.
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McChip Resources Cash Per Share vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining McChip Resources's current stock value. Our valuation model uses many indicators to compare McChip Resources value to that of its competitors to determine the firm's financial worth. McChip Resources is regarded third in return on equity category among its peers. It is considered to be number one stock in cash per share category among its peers fabricating about 3.29 of Cash Per Share per Return On Equity. At this time, McChip Resources' Return On Equity is fairly 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 McChip Resources' earnings, one of the primary drivers of an investment's value.McChip Cash Per Share 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.
McChip Resources |
| = | 0.34 |
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.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
McChip Resources |
| = | 1.13 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
McChip Cash Per Share Comparison
McChip Resources is currently under evaluation in cash per share category among its peers.
McChip Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in McChip Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, McChip Resources will eventually generate negative long term returns. The profitability progress is the general direction of McChip Resources' change in net profit over the period of time. It can combine multiple indicators of McChip Resources, 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 | ||
| Operating Income | -363 K | -381.2 K | |
| Net Income From Continuing Ops | 563.1 K | 591.3 K | |
| Income Before Tax | 563.1 K | 591.3 K | |
| Total Other Income Expense Net | 926.2 K | 656.7 K | |
| Net Income Applicable To Common Shares | 1.4 M | 1.5 M | |
| Net Income | 563.1 K | 591.3 K | |
| Income Tax Expense | -74.2 K | -70.5 K | |
| Change To Netincome | -1 M | -966.8 K | |
| Net Income Per Share | 0.10 | 0.10 | |
| Income Quality | (0.26) | (0.28) | |
| Net Income Per E B T | 1.19 | 0.97 |
McChip Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on McChip 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 McChip 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 McChip Resources' important profitability drivers and their relationship over time.
Use McChip 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 McChip 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 McChip Resources will appreciate offsetting losses from the drop in the long position's value.McChip Resources Pair Trading
McChip Resources Pair Trading Analysis
The ability to find closely correlated positions to McChip 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 McChip 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 McChip 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 McChip Resources to buy it.
The correlation of McChip 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 McChip Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McChip 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 McChip 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 McChip Resources position
In addition to having McChip 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?
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Additional Tools for McChip Stock Analysis
When running McChip Resources' price analysis, check to measure McChip 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 McChip Resources is operating at the current time. Most of McChip Resources' value examination focuses on studying past and present price action to predict the probability of McChip Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McChip Resources' price. Additionally, you may evaluate how the addition of McChip Resources to your portfolios can decrease your overall portfolio volatility.