Rio2 Stock Net Income
| RIO Stock | 2.43 0.05 2.02% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Rio2's long-term financial health and intrinsic value.
Rio2 |
Rio2 Company Net Income Analysis
Rio2's 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.
Current Rio2 Net Income | (21 K) |
Most of Rio2's fundamental indicators, such as Net Income, 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, Rio2 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the recorded statements, Rio2 reported net income of (21,000). This is 99.83% lower than that of the Basic Materials sector and 99.98% lower than that of the Gold industry. The net income for all Canada stocks is 100.0% higher than that of the company.
Rio2 Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rio2's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Rio2 could also be used in its relative valuation, which is a method of valuing Rio2 by comparing valuation metrics of similar companies.Rio2 is currently under evaluation in net income category among its peers.
Rio2 Fundamentals
| Return On Equity | 2.94 | |||
| Price To Earning | 14.36 X | |||
| EBITDA | 2.61 M | |||
| Net Income | (21 K) | |||
| Cash And Equivalents | 49.22 M | |||
| Cash Per Share | 0.15 X | |||
| Total Debt | 289 K | |||
| Debt To Equity | 0.05 % | |||
| Current Ratio | 1.10 X | |||
| Cash Flow From Operations | (12.03 M) | |||
| Earnings Per Share | 0.01 X | |||
| Number Of Employees | 747 | |||
| Market Capitalization | 1.06 B | |||
| Total Asset | 173.8 M | |||
| Retained Earnings | (63.47 M) | |||
| Net Asset | 173.8 M |
About Rio2 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Rio2's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rio2 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rio2 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 Rio2
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 Rio2 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 Rio2 will appreciate offsetting losses from the drop in the long position's value.Moving together with Rio2 Stock
| 0.64 | AEM | Agnico Eagle Mines | PairCorr |
| 0.83 | ABX | Barrick Gold Corp | PairCorr |
| 0.79 | K | Kinross Gold Corp | PairCorr |
Moving against Rio2 Stock
The ability to find closely correlated positions to Rio2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio2 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 Rio2 - 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 Rio2 to buy it.
The correlation of Rio2 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 Rio2 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio2 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 Rio2 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.Other Information on Investing in Rio2 Stock
Rio2 financial ratios help investors to determine whether Rio2 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rio2 with respect to the benefits of owning Rio2 security.