Abacus Mining Profitability Analysis
| AME Stock | CAD 0.04 0.00 0.00% |
Net Loss | First Reported 1997-03-31 | Previous Quarter 1.1 M | Current Value -816 K | Quarterly Volatility 4.2 M |
For Abacus Mining profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Abacus Mining to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Abacus Mining and utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Abacus Mining's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Abacus Mining and over time as well as its relative position and ranking within its peers.
Abacus |
Abacus Mining Current Valuation vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Abacus Mining's current stock value. Our valuation model uses many indicators to compare Abacus Mining value to that of its competitors to determine the firm's financial worth. Abacus Mining and is number one stock in return on asset category among related companies. It is the top company in current valuation category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Abacus Mining by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Abacus Mining's Stock. 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 Abacus Mining's earnings, one of the primary drivers of an investment's value.Abacus Current Valuation 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.
Abacus Mining |
| = | -0.0399 |
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.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Abacus Mining |
| = | 30.82 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Abacus Current Valuation vs Competition
Abacus Mining and is the top company in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Materials industry is presently estimated at about (1.52 Trillion). Abacus Mining adds roughly 30.82 Million in current valuation claiming only tiny portion of all equities under Materials industry.
Abacus Mining Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Abacus Mining, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Abacus Mining will eventually generate negative long term returns. The profitability progress is the general direction of Abacus Mining's change in net profit over the period of time. It can combine multiple indicators of Abacus Mining, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 7.2 M | 7.6 M | |
| Operating Income | -478.4 K | -502.3 K | |
| Income Before Tax | -1.3 M | -1.4 M | |
| Total Other Income Expense Net | 1.6 M | 1.7 M | |
| Net Loss | -1.3 M | -1.4 M | |
| Income Tax Expense | (0.90) | (0.94) | |
| Net Loss | -1.3 M | -1.4 M | |
| Net Loss | -6.3 M | -6.6 M | |
| Net Interest Income | -2.4 M | -2.6 M | |
| Interest Income | 81.90 | 77.81 | |
| Change To Netincome | 3 M | 5.1 M | |
| Net Loss | (0.01) | (0.02) | |
| Income Quality | 0.25 | 0.51 | |
| Net Income Per E B T | 0.64 | 0.61 |
Abacus Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Abacus Mining. 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 Abacus Mining 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 Abacus Mining's important profitability drivers and their relationship over time.
Use Abacus Mining 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 Abacus Mining 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 Abacus Mining will appreciate offsetting losses from the drop in the long position's value.Abacus Mining Pair Trading
Abacus Mining and Pair Trading Analysis
The ability to find closely correlated positions to Abacus Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abacus Mining 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 Abacus Mining - 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 Abacus Mining and to buy it.
The correlation of Abacus Mining 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 Abacus Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abacus Mining 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 Abacus Mining 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 Abacus Mining position
In addition to having Abacus Mining 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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When running Abacus Mining's price analysis, check to measure Abacus Mining's 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 Abacus Mining is operating at the current time. Most of Abacus Mining's value examination focuses on studying past and present price action to predict the probability of Abacus Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abacus Mining's price. Additionally, you may evaluate how the addition of Abacus Mining to your portfolios can decrease your overall portfolio volatility.
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To fully project Abacus Mining's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Abacus Mining 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 Abacus Mining's income statement, its balance sheet, and the statement of cash flows.