Scorpio Gold Current Valuation vs. Return On Asset
| SRCRF Stock | USD 0.17 0.02 13.33% |
For Scorpio Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Scorpio Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Scorpio Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Scorpio Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Scorpio Gold Corp over time as well as its relative position and ranking within its peers.
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Scorpio Gold Corp Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Scorpio Gold's current stock value. Our valuation model uses many indicators to compare Scorpio Gold value to that of its competitors to determine the firm's financial worth. Scorpio Gold Corp is rated third in current valuation category among its peers. It is rated second in return on asset category among its peers . 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 Scorpio Gold's earnings, one of the primary drivers of an investment's value.Scorpio Current Valuation vs. Competition
Scorpio Gold Corp is rated third in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is at this time estimated at about 345.89 Million. Scorpio Gold holds roughly 8.71 Million in current valuation claiming about 2.52% of all equities under Materials industry.
Scorpio Return On Asset vs. Current Valuation
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.
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| = | 8.71 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.
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.
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| = | -0.24 |
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.
Scorpio Return On Asset Comparison
Scorpio Gold is currently under evaluation in return on asset category among its peers.
Scorpio Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Scorpio Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Scorpio Gold will eventually generate negative long term returns. The profitability progress is the general direction of Scorpio Gold's change in net profit over the period of time. It can combine multiple indicators of Scorpio Gold, 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.
Scorpio Gold Corporation, together with its subsidiaries, engages in the exploitation, exploration, and development of mineral resource properties in the United States. It also holds 100 percent interest in the Manhattan property covering an area of 1,740 hectares located in Nye County, Nevada. Scorpio Gold operates under Gold classification in the United States and is traded on OTC Exchange.
Scorpio Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Scorpio Gold. 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 Scorpio Gold 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 Scorpio Gold's important profitability drivers and their relationship over time.
Use Scorpio Gold 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 Scorpio Gold 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 Scorpio Gold will appreciate offsetting losses from the drop in the long position's value.Scorpio Gold Pair Trading
Scorpio Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Scorpio Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scorpio Gold 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 Scorpio Gold - 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 Scorpio Gold Corp to buy it.
The correlation of Scorpio Gold 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 Scorpio Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scorpio Gold 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 Scorpio Gold 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 Scorpio Gold position
In addition to having Scorpio Gold 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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Single Stock ETFs
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Other Information on Investing in Scorpio OTC Stock
To fully project Scorpio Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Scorpio Gold Corp 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 Scorpio Gold's income statement, its balance sheet, and the statement of cash flows.