Avarone Metals Stock Price To Earning
| AVRTF Stock | USD 0.02 0.00 0.00% |
Avarone Metals fundamentals help investors to digest information that contributes to Avarone Metals' financial success or failures. It also enables traders to predict the movement of Avarone Pink Sheet. The fundamental analysis module provides a way to measure Avarone Metals' 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 Avarone Metals pink sheet.
Avarone |
Avarone Metals Company Price To Earning Analysis
Avarone Metals' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Avarone Metals has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The price to earning for all United States stocks is 100.0% higher than that of the company.
Avarone Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avarone Metals' direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Avarone Metals could also be used in its relative valuation, which is a method of valuing Avarone Metals by comparing valuation metrics of similar companies.Avarone Metals is currently under evaluation in price to earning category among related companies.
Avarone Fundamentals
| Return On Asset | -1.04 | |||
| Current Valuation | 1.67 M | |||
| Shares Outstanding | 91.41 M | |||
| Shares Owned By Insiders | 5.25 % | |||
| Price To Book | 10.73 X | |||
| EBITDA | (89.67 K) | |||
| Net Income | (231.84 K) | |||
| Cash And Equivalents | 24.38 K | |||
| Total Debt | 31.63 K | |||
| Debt To Equity | 0.62 % | |||
| Current Ratio | 0.02 X | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | 75.72 K | |||
| Earnings Per Share | (0) X | |||
| Beta | -0.13 | |||
| Market Capitalization | 2.72 M | |||
| Total Asset | 141.22 K | |||
| Z Score | 51.0 | |||
| Net Asset | 141.22 K |
About Avarone Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Avarone Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avarone Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avarone Metals 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.
Pair Trading with Avarone Metals
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 Avarone Metals 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 Avarone Metals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Avarone Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avarone Metals 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 Avarone Metals - 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 Avarone Metals to buy it.
The correlation of Avarone Metals 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 Avarone Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avarone Metals 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 Avarone Metals 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 Avarone Metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Avarone Pink Sheet analysis
When running Avarone Metals' price analysis, check to measure Avarone Metals' 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 Avarone Metals is operating at the current time. Most of Avarone Metals' value examination focuses on studying past and present price action to predict the probability of Avarone Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avarone Metals' price. Additionally, you may evaluate how the addition of Avarone Metals to your portfolios can decrease your overall portfolio volatility.
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