MMEX Resources Return On Asset vs. Current Valuation
Based on MMEX Resources' profitability indicators, MMEX Resources Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess MMEX Resources' ability to earn profits and add value for shareholders.
Check out Correlation Analysis.
For MMEX Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MMEX Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MMEX Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MMEX Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MMEX Resources Corp over time as well as its relative position and ranking within its peers.
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MMEX Resources Corp Current Valuation vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MMEX Resources's current stock value. Our valuation model uses many indicators to compare MMEX Resources value to that of its competitors to determine the firm's financial worth. MMEX Resources Corp is regarded second in return on asset category among its peers. It is rated below average in current valuation category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value MMEX Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for MMEX Resources' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.MMEX Current Valuation vs. Return On Asset
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.
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| = | -1.43 |
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.
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.
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| = | 2.69 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.
MMEX Current Valuation vs Competition
MMEX Resources Corp is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is now estimated at about 779.33 Million. MMEX Resources adds roughly 2.69 Million in current valuation claiming only tiny portion of equities under Energy industry.
MMEX Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in MMEX Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MMEX Resources will eventually generate negative long term returns. The profitability progress is the general direction of MMEX Resources' change in net profit over the period of time. It can combine multiple indicators of MMEX 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.
MMEX Resources Corporation engages in the development, financing, construction, and operation of solar-powered modular refineries producing clean fuels, hydrogen, and carbon capture. The company was founded in 1986 and is based in Austin, Texas. Mmex Resources operates under Oil Gas EP classification in the United States and is traded on OTC Exchange.
MMEX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MMEX 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 MMEX 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 MMEX Resources' important profitability drivers and their relationship over time.
Use MMEX 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 MMEX 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 MMEX Resources will appreciate offsetting losses from the drop in the long position's value.MMEX Resources Pair Trading
MMEX Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to MMEX 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 MMEX 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 MMEX 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 MMEX Resources Corp to buy it.
The correlation of MMEX 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 MMEX Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MMEX Resources Corp 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 MMEX 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 MMEX Resources position
In addition to having MMEX 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 Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 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 Construction Materials Theme or any other thematic opportunities.
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Additional Tools for MMEX Pink Sheet Analysis
When running MMEX Resources' price analysis, check to measure MMEX 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 MMEX Resources is operating at the current time. Most of MMEX Resources' value examination focuses on studying past and present price action to predict the probability of MMEX Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MMEX Resources' price. Additionally, you may evaluate how the addition of MMEX Resources to your portfolios can decrease your overall portfolio volatility.