Aldebaran Resources Stock Total Debt
| ALDE Stock | CAD 0.87 0.02 2.35% |
Aldebaran Resources fundamentals help investors to digest information that contributes to Aldebaran Resources' financial success or failures. It also enables traders to predict the movement of Aldebaran Stock. The fundamental analysis module provides a way to measure Aldebaran Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aldebaran Resources stock.
Aldebaran | Total Debt |
Aldebaran Resources Company Total Debt Analysis
Aldebaran Resources' Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Aldebaran Total Debt Driver Correlations
Understanding the fundamental principles of building solid financial models for Aldebaran Resources is extremely important. It helps to project a fair market value of Aldebaran Stock properly, considering its historical fundamentals such as Total Debt. Since Aldebaran Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Aldebaran Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Aldebaran Resources' interrelated accounts and indicators.
Click cells to compare fundamentals
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Aldebaran Net Debt
Based on the latest financial disclosure, Aldebaran Resources has a Total Debt of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The total debt for all Canada stocks is 100.0% higher than that of the company.
Aldebaran Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aldebaran Resources' direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aldebaran Resources could also be used in its relative valuation, which is a method of valuing Aldebaran Resources by comparing valuation metrics of similar companies.Aldebaran Resources is currently under evaluation in total debt category among related companies.
Aldebaran Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aldebaran Resources from analyzing Aldebaran Resources' financial statements. These drivers represent accounts that assess Aldebaran Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aldebaran Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 24.1M | 57.1M | 80.5M | 123.2M | 110.8M | 116.4M | |
| Enterprise Value | 23.6M | 49.8M | 79.9M | 117.1M | 105.4M | 110.6M |
Aldebaran Fundamentals
| Return On Equity | -0.0702 | |||
| Return On Asset | -0.0425 | |||
| Current Valuation | 165.68 M | |||
| Shares Outstanding | 169.86 M | |||
| Shares Owned By Insiders | 34.01 % | |||
| Shares Owned By Institutions | 44.19 % | |||
| Number Of Shares Shorted | 5.87 K | |||
| Price To Book | 1.45 X | |||
| Gross Profit | (20.39 K) | |||
| EBITDA | (2.72 M) | |||
| Net Income | (2.37 M) | |||
| Cash And Equivalents | 9.85 M | |||
| Cash Per Share | 0.13 X | |||
| Current Ratio | 0.01 X | |||
| Book Value Per Share | 0.69 X | |||
| Cash Flow From Operations | (1.44 M) | |||
| Short Ratio | 0.40 X | |||
| Earnings Per Share | (0.07) X | |||
| Target Price | 1.85 | |||
| Beta | 1.14 | |||
| Market Capitalization | 144.38 M | |||
| Total Asset | 101.06 M | |||
| Retained Earnings | (7.33 M) | |||
| Working Capital | 6.21 M | |||
| Net Asset | 101.06 M |
About Aldebaran Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aldebaran Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aldebaran Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aldebaran Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aldebaran Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aldebaran Resources' short interest history, or implied volatility extrapolated from Aldebaran Resources options trading.
Pair Trading with Aldebaran Resources
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 Aldebaran 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 Aldebaran Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Aldebaran Stock
| 0.68 | FRX | Fennec Pharmaceuticals | PairCorr |
Moving against Aldebaran Stock
| 0.6 | SGR-U | Slate Grocery REIT Earnings Call This Week | PairCorr |
| 0.51 | TC | Tucows Inc | PairCorr |
The ability to find closely correlated positions to Aldebaran Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aldebaran Resources 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 Aldebaran Resources - 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 Aldebaran Resources to buy it.
The correlation of Aldebaran Resources 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 Aldebaran Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aldebaran 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 Aldebaran Resources 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aldebaran Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Aldebaran Resources information on this page should be used as a complementary analysis to other Aldebaran Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Aldebaran Stock analysis
When running Aldebaran Resources' price analysis, check to measure Aldebaran 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 Aldebaran Resources is operating at the current time. Most of Aldebaran Resources' value examination focuses on studying past and present price action to predict the probability of Aldebaran Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aldebaran Resources' price. Additionally, you may evaluate how the addition of Aldebaran Resources to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |