Abacus Mining And Stock Fundamentals
| AME Stock | CAD 0.04 0.01 30.00% |
Abacus Mining and fundamentals help investors to digest information that contributes to Abacus Mining's financial success or failures. It also enables traders to predict the movement of Abacus Stock. The fundamental analysis module provides a way to measure Abacus Mining's 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 Abacus Mining stock.
At this time, Abacus Mining's Interest Expense is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 707.7 K in 2024, whereas Net Loss is likely to drop (1.4 M) in 2024. Abacus | Select Account or Indicator |
Abacus Mining and Company Number Of Shares Shorted Analysis
Abacus Mining's 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 Abacus Mining Number Of Shares Shorted | 2.22 K |
Most of Abacus Mining's 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, Abacus Mining and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Abacus Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for Abacus Mining is extremely important. It helps to project a fair market value of Abacus Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since Abacus Mining's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Abacus Mining's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Abacus Mining's interrelated accounts and indicators.
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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, Abacus Mining and has 2.22 K of outstending shares currently sold short by investors. This is 99.93% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The number of shares shorted for all Canada stocks is 99.95% higher than that of the company.
Abacus Mining Fundamental Drivers Relationships
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. You can analyze the relationship between different fundamental ratios across Abacus Mining competition to find correlations between indicators driving Abacus Mining's intrinsic value. More Info.Abacus Mining and is rated second in return on asset category among related companies. It is rated second 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 Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Abacus Mining's 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 Abacus Mining could also be used in its relative valuation, which is a method of valuing Abacus Mining by comparing valuation metrics of similar companies.Abacus Mining is currently under evaluation in number of shares shorted category among related companies.
Abacus Mining Current Valuation Drivers
We derive many important indicators used in calculating different scores of Abacus Mining from analyzing Abacus Mining's financial statements. These drivers represent accounts that assess Abacus Mining's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Abacus Mining's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 7.1M | 9.4M | 5.8M | 2.9M | 2.6M | 2.5M | |
| Enterprise Value | 24.1M | 28.0M | 27.7M | 27.1M | 24.4M | 12.9M |
Abacus Fundamentals
| Return On Asset | -0.0399 | ||||
| Current Valuation | 32.63 M | ||||
| Shares Outstanding | 120.84 M | ||||
| Shares Owned By Insiders | 6.59 % | ||||
| Number Of Shares Shorted | 2.22 K | ||||
| Price To Earning | (0.57) X | ||||
| Price To Book | 0.95 X | ||||
| EBITDA | (640.72 K) | ||||
| Net Income | (1.31 M) | ||||
| Cash And Equivalents | 1.12 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 24.25 M | ||||
| Debt To Equity | 138.50 % | ||||
| Current Ratio | 0.06 X | ||||
| Book Value Per Share | (0.15) X | ||||
| Cash Flow From Operations | (440.19 K) | ||||
| Short Ratio | 0.14 X | ||||
| Beta | 1.55 | ||||
| Market Capitalization | 6.04 M | ||||
| Total Asset | 5.62 M | ||||
| Retained Earnings | (116.2 M) | ||||
| Working Capital | (24.35 M) | ||||
| Net Asset | 5.62 M |
About Abacus Mining Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Abacus Mining and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Abacus Mining using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Abacus Mining and 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 | 0.00 | 0.00 | |
| Stock Based Compensation To Revenue | 0.00 | 0.00 | |
| Sales General And Administrative To Revenue | 0.00 | 0.00 | |
| Research And Ddevelopement To Revenue | 0.00 | 0.00 | |
| Capex To Revenue | 0.00 | 0.00 | |
| Revenue Per Share | 0.00000333 | 0.000004 | |
| Ebit Per Revenue | 0.00 | 0.00 |
Pair Trading with Abacus Mining
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.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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abacus Mining and. 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Abacus Stock analysis
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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