Aton Resources Stock Fundamentals
| AAN Stock | CAD 0.24 0.02 9.09% |
Aton Resources fundamentals help investors to digest information that contributes to Aton Resources' financial success or failures. It also enables traders to predict the movement of Aton Stock. The fundamental analysis module provides a way to measure Aton 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 Aton Resources stock.
At this time, Aton Resources' Interest Expense is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 579.3 K in 2024, despite the fact that Gross Profit is likely to grow to (114.5 K). Aton | Select Account or Indicator |
Aton Resources Company Number Of Shares Shorted Analysis
Aton Resources' Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Aton Resources Number Of Shares Shorted | 3 |
Most of Aton Resources' fundamental indicators, such as Number Of Shares Shorted, 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, Aton Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Aton Resources has 3.0 of outstending shares currently sold short by investors. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The number of shares shorted for all Canada stocks is 100.0% higher than that of the company.
Aton Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Aton Resources's current stock value. Our valuation model uses many indicators to compare Aton Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Aton Resources competition to find correlations between indicators driving Aton Resources's intrinsic value. More Info.Aton Resources 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 Aton Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Aton Resources' 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 Aton Resources' earnings, one of the primary drivers of an investment's value.Aton Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aton Resources' direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aton Resources could also be used in its relative valuation, which is a method of valuing Aton Resources by comparing valuation metrics of similar companies.Aton Resources is currently under evaluation in number of shares shorted category among related companies.
Aton Fundamentals
| Return On Asset | -3.6 | ||||
| Current Valuation | 26.11 M | ||||
| Shares Outstanding | 127.45 M | ||||
| Shares Owned By Insiders | 66.90 % | ||||
| Number Of Shares Shorted | 3 | ||||
| Price To Earning | (1.14) X | ||||
| Price To Book | 89.31 X | ||||
| EBITDA | (6.86 M) | ||||
| Net Income | (8.56 M) | ||||
| Cash And Equivalents | 193.79 K | ||||
| Total Debt | 7.21 M | ||||
| Current Ratio | 0.22 X | ||||
| Book Value Per Share | (0.15) X | ||||
| Cash Flow From Operations | (6.71 M) | ||||
| Earnings Per Share | (0.19) X | ||||
| Target Price | 0.13 | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 30.59 M | ||||
| Total Asset | 687.95 K | ||||
| Retained Earnings | (46.53 M) | ||||
| Working Capital | (7.7 M) | ||||
| Net Asset | 687.95 K |
About Aton Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aton Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aton Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aton Resources 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.| Last Reported | Projected for Next Year | ||
| Total Revenue | 0.00 | 0.00 | |
| Cost Of Revenue | 154 K | 161.8 K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Aton Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Aton Resources' short interest history, or implied volatility extrapolated from Aton Resources options trading.
Pair Trading with Aton 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 Aton 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 Aton Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Aton Stock
| 0.64 | IBM | International Business | PairCorr |
Moving against Aton Stock
| 0.71 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Aton Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aton Resources 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 Aton Resources - 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 Aton Resources to buy it.
The correlation of Aton Resources 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 Aton Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aton Resources 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 Aton Resources 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 Aton Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Aton Stock analysis
When running Aton Resources' price analysis, check to measure Aton Resources' 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 Aton Resources is operating at the current time. Most of Aton Resources' value examination focuses on studying past and present price action to predict the probability of Aton Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aton Resources' price. Additionally, you may evaluate how the addition of Aton Resources to your portfolios can decrease your overall portfolio volatility.
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