Tower Resources Return On Asset vs. Return On Equity
Based on Tower Resources' profitability indicators, Tower Resources may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess Tower Resources' 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 board of governors.
Please note, there is a significant difference between Tower Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tower Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tower Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Tower Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tower Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tower Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tower Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tower Resources over time as well as its relative position and ranking within its peers.
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Tower Resources Return On Equity vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tower Resources's current stock value. Our valuation model uses many indicators to compare Tower Resources value to that of its competitors to determine the firm's financial worth. Tower Resources is rated third in return on asset category among its peers. It is rated second 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 Tower Resources' earnings, one of the primary drivers of an investment's value.Tower Return On Equity vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Tower Resources |
| = | -0.0374 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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.
Tower Resources |
| = | -0.0404 |
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.
Tower Return On Equity Comparison
Tower Resources is currently under evaluation in return on equity category among its peers.
Tower Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tower Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tower Resources will eventually generate negative long term returns. The profitability progress is the general direction of Tower Resources' change in net profit over the period of time. It can combine multiple indicators of Tower Resources, 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.
Tower Resources Ltd. engages in the acquisition, evaluation, and exploration of mineral properties in Canada. Tower Resources Ltd. was incorporated in 1988 and is headquartered in Vancouver, Canada. TOWER RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
Tower Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tower Resources. 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 Tower Resources 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 Tower Resources' important profitability drivers and their relationship over time.
Use Tower Resources 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 Tower Resources 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 Tower Resources will appreciate offsetting losses from the drop in the long position's value.Tower Resources Pair Trading
Tower Resources Pair Trading Analysis
The ability to find closely correlated positions to Genuine Parts could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genuine Parts 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 Genuine Parts - 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 Genuine Parts Co to buy it.
The correlation of Genuine Parts 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 Genuine Parts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genuine Parts 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 Genuine Parts 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 Tower Resources position
In addition to having Tower Resources 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?
Run Broad Commodities ETFs Thematic Idea Now
Broad Commodities ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Commodities ETFs theme has 26 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 Broad Commodities ETFs Theme or any other thematic opportunities.
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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 board of governors. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Tools for Tower Stock
When running Tower Resources' price analysis, check to measure Tower Resources' 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 Tower Resources is operating at the current time. Most of Tower Resources' value examination focuses on studying past and present price action to predict the probability of Tower Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tower Resources' price. Additionally, you may evaluate how the addition of Tower Resources to your portfolios can decrease your overall portfolio volatility.
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