Sphinx Resources Stock Fundamentals
Sphinx Resources fundamentals help investors to digest information that contributes to Sphinx Resources' financial success or failures. It also enables traders to predict the movement of Sphinx Pink Sheet. The fundamental analysis module provides a way to measure Sphinx 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 Sphinx Resources pink sheet.
Sphinx |
Sphinx Resources Company Shares Outstanding Analysis
Sphinx Resources' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Sphinx Resources Shares Outstanding | 166.46 M |
Most of Sphinx Resources' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Sphinx Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
CompetitionBased on the latest financial disclosure, Sphinx Resources has 166.46 M of shares currently outstending. This is 72.9% lower than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The shares outstanding for all United States stocks is 70.89% higher than that of the company.
Sphinx Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Sphinx Resources's current stock value. Our valuation model uses many indicators to compare Sphinx Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Sphinx Resources competition to find correlations between indicators driving Sphinx Resources's intrinsic value. More Info.Sphinx Resources is one of the top stocks in return on equity category among related companies. It is one of the top stocks in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Sphinx Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sphinx Resources' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Sphinx Resources' earnings, one of the primary drivers of an investment's value.Sphinx Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sphinx Resources' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Sphinx Resources could also be used in its relative valuation, which is a method of valuing Sphinx Resources by comparing valuation metrics of similar companies.Sphinx Resources is currently under evaluation in shares outstanding category among related companies.
Sphinx Fundamentals
| Return On Equity | -497.42 | |||
| Return On Asset | -159.78 | |||
| Current Valuation | 1.69 M | |||
| Shares Outstanding | 166.46 M | |||
| Shares Owned By Institutions | 5.70 % | |||
| Price To Earning | (2.91) X | |||
| Price To Book | 10.15 X | |||
| Revenue | (52) | |||
| Gross Profit | 42 | |||
| Net Income | (459.34 K) | |||
| Cash And Equivalents | 74.97 K | |||
| Total Debt | 75.7 K | |||
| Debt To Equity | 0.53 % | |||
| Current Ratio | 0.55 X | |||
| Cash Flow From Operations | (107.19 K) | |||
| Earnings Per Share | (0) X | |||
| Beta | 0.31 | |||
| Market Capitalization | 1.69 M | |||
| Z Score | 13.2 |
Pair Trading with Sphinx 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 Sphinx 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 Sphinx Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to GameStop Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GameStop Corp 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 GameStop Corp - 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 GameStop Corp to buy it.
The correlation of GameStop Corp 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 GameStop Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GameStop 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 GameStop Corp 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Sphinx Resources information on this page should be used as a complementary analysis to other Sphinx 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Consideration for investing in Sphinx Pink Sheet
If you are still planning to invest in Sphinx 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 Sphinx Resources' history and understand the potential risks before investing.
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