Silver Spruce Price To Book vs. Current Ratio
| SSEBF Stock | USD 0 0.0006 13.95% |
For Silver Spruce profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Silver Spruce to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Silver Spruce Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Silver Spruce's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Silver Spruce Resources over time as well as its relative position and ranking within its peers.
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Silver Spruce Resources Current Ratio vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Silver Spruce's current stock value. Our valuation model uses many indicators to compare Silver Spruce value to that of its competitors to determine the firm's financial worth. Silver Spruce Resources is currently regarded as top stock in price to book category among its peers. It is rated below average in current ratio category among its peers fabricating about 0.03 of Current Ratio per Price To Book. The ratio of Price To Book to Current Ratio for Silver Spruce Resources is roughly 30.17 . 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 Silver Spruce's earnings, one of the primary drivers of an investment's value.Silver Current Ratio vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Silver Spruce |
| = | 36.50 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Silver Spruce |
| = | 1.21 X |
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).
Silver Current Ratio Comparison
Silver Spruce is currently under evaluation in current ratio category among its peers.
Silver Spruce Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Silver Spruce, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Silver Spruce will eventually generate negative long term returns. The profitability progress is the general direction of Silver Spruce's change in net profit over the period of time. It can combine multiple indicators of Silver Spruce, 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.
Silver Spruce Resources Inc., a junior exploration company, explores for precious and base minerals. Silver Spruce Resources Inc. was incorporated in 1996 and is headquartered in Bedford, Canada. Silver Spruce is traded on OTC Exchange in the United States.
Silver Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Silver Spruce. 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 Silver Spruce 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 Silver Spruce's important profitability drivers and their relationship over time.
Use Silver Spruce 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 Silver Spruce 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 Silver Spruce will appreciate offsetting losses from the drop in the long position's value.Silver Spruce Pair Trading
Silver Spruce Resources Pair Trading Analysis
The ability to find closely correlated positions to Silver Spruce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Spruce 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 Silver Spruce - 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 Silver Spruce Resources to buy it.
The correlation of Silver Spruce 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 Silver Spruce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Spruce 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 Silver Spruce 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 Silver Spruce position
In addition to having Silver Spruce 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 providing marketing and public relation (PR) services as well as news and media distribution. The Marketing theme has 48 constituents at this time.
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Other Information on Investing in Silver Pink Sheet
To fully project Silver Spruce's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Silver Spruce Resources 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 Silver Spruce's income statement, its balance sheet, and the statement of cash flows.