Outback Goldfields Book Value Per Share vs. Short Ratio
| OZ Stock | 0.33 0.05 17.86% |
Book Value Per Share | First Reported 2010-12-31 | Previous Quarter 2.84153776 | Current Value 1.77 | Quarterly Volatility 1.72411119 |
For Outback Goldfields profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Outback Goldfields to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Outback Goldfields Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Outback Goldfields's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Outback Goldfields Corp over time as well as its relative position and ranking within its peers.
Outback |
Outback Goldfields Corp Short Ratio vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Outback Goldfields's current stock value. Our valuation model uses many indicators to compare Outback Goldfields value to that of its competitors to determine the firm's financial worth. Outback Goldfields Corp is considered to be number one stock in book value per share category among its peers. It is regarded third in short ratio category among its peers fabricating about 0.03 of Short Ratio per Book Value Per Share. The ratio of Book Value Per Share to Short Ratio for Outback Goldfields Corp is roughly 35.53 . At this time, Outback Goldfields' Book Value Per Share 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 Outback Goldfields' earnings, one of the primary drivers of an investment's value.Outback Short Ratio vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Outback Goldfields |
| = | 2.84 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Outback Goldfields |
| = | 0.08 X |
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Outback Short Ratio Comparison
Outback Goldfields is currently under evaluation in short ratio category among its peers.
Outback Goldfields Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Outback Goldfields, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Outback Goldfields will eventually generate negative long term returns. The profitability progress is the general direction of Outback Goldfields' change in net profit over the period of time. It can combine multiple indicators of Outback Goldfields, 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 | ||
| Net Loss | -2.5 M | -2.3 M | |
| Net Interest Income | 74.7 K | 78.5 K | |
| Operating Income | -1.1 M | -1.1 M | |
| Net Loss | -11 M | -10.5 M | |
| Income Before Tax | -11 M | -10.5 M | |
| Net Loss | -11 M | -10.5 M | |
| Interest Income | 74.7 K | 78.5 K | |
| Total Other Income Expense Net | -10 M | -9.5 M | |
| Change To Netincome | 731.6 K | 439 K | |
| Net Loss | (0.14) | (0.14) | |
| Income Quality | 1.18 | 1.24 |
Outback Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Outback Goldfields. 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 Outback Goldfields 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 Outback Goldfields' important profitability drivers and their relationship over time.
Use Outback Goldfields 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 Outback Goldfields 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 Outback Goldfields will appreciate offsetting losses from the drop in the long position's value.Outback Goldfields Pair Trading
Outback Goldfields Corp Pair Trading Analysis
The ability to find closely correlated positions to Outback Goldfields could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Outback Goldfields 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 Outback Goldfields - 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 Outback Goldfields Corp to buy it.
The correlation of Outback Goldfields 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 Outback Goldfields moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Outback Goldfields 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 Outback Goldfields 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 Outback Goldfields position
In addition to having Outback Goldfields 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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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 Fabricated Products Theme or any other thematic opportunities.
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Additional Tools for Outback Stock Analysis
When running Outback Goldfields' price analysis, check to measure Outback Goldfields' 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 Outback Goldfields is operating at the current time. Most of Outback Goldfields' value examination focuses on studying past and present price action to predict the probability of Outback Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outback Goldfields' price. Additionally, you may evaluate how the addition of Outback Goldfields to your portfolios can decrease your overall portfolio volatility.