Turquoise Hill Book Value Per Share vs. Current Asset
Taking into consideration Turquoise Hill's profitability measurements, Turquoise Hill Resources may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Turquoise Hill's ability to earn profits and add value for shareholders.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For Turquoise Hill profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Turquoise Hill to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Turquoise Hill Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Turquoise Hill's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Turquoise Hill Resources over time as well as its relative position and ranking within its peers.
Turquoise |
Turquoise Hill Resources Current Asset vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Turquoise Hill's current stock value. Our valuation model uses many indicators to compare Turquoise Hill value to that of its competitors to determine the firm's financial worth. Turquoise Hill Resources is currently regarded as top stock in book value per share category among its peers. It also is currently regarded as top stock in current asset category among its peers fabricating about 38,115,743 of Current Asset per Book Value Per Share. Comparative valuation analysis is a catch-all technique that is used if you cannot value Turquoise Hill by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Turquoise Current Asset 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.
Turquoise Hill |
| = | 45.51 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.
Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Turquoise Hill |
| = | 1.73 B |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Turquoise Current Asset Comparison
Turquoise Hill is currently under evaluation in current asset category among its peers.
Turquoise Hill Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Turquoise Hill, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Turquoise Hill will eventually generate negative long term returns. The profitability progress is the general direction of Turquoise Hill's change in net profit over the period of time. It can combine multiple indicators of Turquoise Hill, 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.
Turquoise Hill Resources Ltd., together with its subsidiaries, operates as a mining company. Turquoise Hill Resources Ltd. operates as a subsidiary of Rio Tinto Group. Turquoise Hill operates under Copper classification in the United States and is traded on New York Stock Exchange. It employs 3478 people.
Turquoise Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Turquoise Hill. 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 Turquoise Hill 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 Turquoise Hill's important profitability drivers and their relationship over time.
Use Turquoise Hill 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 Turquoise Hill 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 Turquoise Hill will appreciate offsetting losses from the drop in the long position's value.Turquoise Hill Pair Trading
Turquoise Hill Resources Pair Trading Analysis
The ability to find closely correlated positions to Turquoise Hill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turquoise Hill 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 Turquoise Hill - 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 Turquoise Hill Resources to buy it.
The correlation of Turquoise Hill 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 Turquoise Hill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turquoise Hill 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 Turquoise Hill 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 Turquoise Hill position
In addition to having Turquoise Hill 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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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in Turquoise Stock
If you are still planning to invest in Turquoise Hill Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Turquoise Hill's history and understand the potential risks before investing.
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