United Lithium Net Income vs. Cash Per Share
| ULTHF Stock | USD 0.17 0.03 21.43% |
For United Lithium profitability analysis, we use financial ratios and fundamental drivers that measure the ability of United Lithium to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well United Lithium Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between United Lithium's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of United Lithium Corp over time as well as its relative position and ranking within its peers.
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United Lithium Corp Cash Per Share vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining United Lithium's current stock value. Our valuation model uses many indicators to compare United Lithium value to that of its competitors to determine the firm's financial worth. United Lithium Corp is rated below average in net income category among its peers. It is rated fifth in cash per share 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 United Lithium's earnings, one of the primary drivers of an investment's value.United Cash Per Share vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
United Lithium |
| = | (5.87 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 0.06 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
United Cash Per Share Comparison
United Lithium is currently under evaluation in cash per share category among its peers.
United Lithium Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in United Lithium, profitability is also one of the essential criteria for including it into their portfolios because, without profit, United Lithium will eventually generate negative long term returns. The profitability progress is the general direction of United Lithium's change in net profit over the period of time. It can combine multiple indicators of United Lithium, 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.
United Lithium Corp. engages in the acquisition, exploration, and evaluation of natural resource properties. United Lithium Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada. United Lithium is traded on OTC Exchange in the United States.
United Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on United Lithium. 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 United Lithium 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 United Lithium's important profitability drivers and their relationship over time.
Use United Lithium 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 United Lithium 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 United Lithium will appreciate offsetting losses from the drop in the long position's value.United Lithium Pair Trading
United Lithium Corp Pair Trading Analysis
The ability to find closely correlated positions to United Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Lithium 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 United Lithium - 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 United Lithium Corp to buy it.
The correlation of United Lithium 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 United Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Lithium Corp 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 United Lithium 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 United Lithium position
In addition to having United Lithium 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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Other Information on Investing in United OTC Stock
To fully project United Lithium's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of United Lithium Corp 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 United Lithium's income statement, its balance sheet, and the statement of cash flows.