Cobalt Power Revenue vs. Current Ratio
| PGP Stock | CAD 0.03 0.00 0.00% |
For Cobalt Power profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cobalt Power to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cobalt Power Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cobalt Power's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cobalt Power Group over time as well as its relative position and ranking within its peers.
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Cobalt Power Group Current Ratio vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cobalt Power's current stock value. Our valuation model uses many indicators to compare Cobalt Power value to that of its competitors to determine the firm's financial worth. Cobalt Power Group is currently under evaluation in revenue category among its peers. It is considered to be number one stock in current ratio 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 Cobalt Power's earnings, one of the primary drivers of an investment's value.Cobalt Revenue vs. Competition
Cobalt Power Group is currently under evaluation in revenue category among its peers. Market size based on revenue of Materials industry is at this time estimated at about 93.99 Billion. Cobalt Power adds roughly 0.0 in revenue claiming only tiny portion of all equities under Materials industry.
Cobalt Current Ratio vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
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Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
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Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Cobalt Current Ratio Comparison
Cobalt Power is currently under evaluation in current ratio category among its peers.
Cobalt Power Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cobalt Power, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cobalt Power will eventually generate negative long term returns. The profitability progress is the general direction of Cobalt Power's change in net profit over the period of time. It can combine multiple indicators of Cobalt Power, 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.
Power Group Projects Corp., an exploration stage company, engages in the acquisition, exploration, and development of resource properties in Canada. Power Group Projects Corp. was incorporated in 2009 and is headquartered in Toronto, Canada. POWER GROUP operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
Cobalt Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cobalt Power. 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 Cobalt Power 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 Cobalt Power's important profitability drivers and their relationship over time.
Use Cobalt Power 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 Cobalt Power 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 Cobalt Power will appreciate offsetting losses from the drop in the long position's value.Cobalt Power Pair Trading
Cobalt Power Group Pair Trading Analysis
The ability to find closely correlated positions to Cobalt Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cobalt Power 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 Cobalt Power - 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 Cobalt Power Group to buy it.
The correlation of Cobalt Power 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 Cobalt Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cobalt Power Group 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 Cobalt Power 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 Cobalt Power position
In addition to having Cobalt Power 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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Companies specializing in air services and air delivery. The Air theme has 43 constituents at this time.
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Additional Tools for Cobalt Stock Analysis
When running Cobalt Power's price analysis, check to measure Cobalt Power's 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 Cobalt Power is operating at the current time. Most of Cobalt Power's value examination focuses on studying past and present price action to predict the probability of Cobalt Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cobalt Power's price. Additionally, you may evaluate how the addition of Cobalt Power to your portfolios can decrease your overall portfolio volatility.