Paramount Gold Total Debt vs. Return On Equity
| P9G Stock | EUR 0.32 0.01 3.03% |
For Paramount Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Paramount Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Paramount Gold Nevada utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Paramount Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Paramount Gold Nevada over time as well as its relative position and ranking within its peers.
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Paramount Gold Nevada Return On Equity vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Paramount Gold's current stock value. Our valuation model uses many indicators to compare Paramount Gold value to that of its competitors to determine the firm's financial worth. Paramount Gold Nevada is rated top company in total debt category among its peers. It also is considered to be number one stock in return on equity category among its peers . 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 Paramount Gold's earnings, one of the primary drivers of an investment's value.Paramount Total Debt vs. Competition
Paramount Gold Nevada is rated top company in total debt category among its peers. Total debt of Gold industry is at this time estimated at about 2.28 Trillion. Paramount Gold adds roughly 4.22 Million in total debt claiming only tiny portion of equities under Gold industry.
Paramount Return On Equity vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
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| = | 4.22 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
Paramount Gold |
| = | -0.15 |
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.
Paramount Return On Equity Comparison
Paramount Gold is currently under evaluation in return on equity category among its peers.
Paramount Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Paramount Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Paramount Gold will eventually generate negative long term returns. The profitability progress is the general direction of Paramount Gold's change in net profit over the period of time. It can combine multiple indicators of Paramount Gold, 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.
Paramount Gold Nevada Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of precious metal properties in the United States. Paramount Gold Nevada Corp. was founded in 1992 and is headquartered in Winnemucca, Nevada. PARAMOUNT GOLD operates under Gold classification in Germany and is traded on Frankfurt Stock Exchange. It employs 7 people.
Paramount Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Paramount Gold. 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 Paramount Gold 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 Paramount Gold's important profitability drivers and their relationship over time.
Use Paramount Gold 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 Paramount Gold 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 Paramount Gold will appreciate offsetting losses from the drop in the long position's value.Paramount Gold Pair Trading
Paramount Gold Nevada Pair Trading Analysis
The ability to find closely correlated positions to Paramount Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paramount Gold 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 Paramount Gold - 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 Paramount Gold Nevada to buy it.
The correlation of Paramount Gold 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 Paramount Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paramount Gold Nevada 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 Paramount Gold 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 Paramount Gold position
In addition to having Paramount Gold 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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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Energy ETFs theme has 91 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 Energy ETFs Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Paramount Stock
When determining whether Paramount Gold Nevada is a strong investment it is important to analyze Paramount Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Paramount Gold's future performance. For an informed investment choice regarding Paramount Stock, refer to the following important reports:Check out Your Equity Center. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
To fully project Paramount Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Paramount Gold Nevada 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 Paramount Gold's income statement, its balance sheet, and the statement of cash flows.