Azarga Metals Corp Stock Revenue
| AZR Stock | CAD 0.03 0.01 25.00% |
Azarga Metals Corp fundamentals help investors to digest information that contributes to Azarga Metals' financial success or failures. It also enables traders to predict the movement of Azarga Stock. The fundamental analysis module provides a way to measure Azarga Metals' 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 Azarga Metals stock.
| Last Reported | Projected for Next Year | ||
| Total Revenue | 0.00 | 0.00 |
Azarga | Revenue |
Azarga Metals Corp Company Revenue Analysis
Azarga Metals' Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Based on the latest financial disclosure, Azarga Metals Corp reported 0.0 of revenue. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The revenue for all Canada stocks is 100.0% higher than that of the company.
Azarga Metals Corp is currently under evaluation in revenue category among related companies. Market size based on revenue of Materials industry is presently estimated at about 0.0. Azarga Metals adds roughly 0.0 in revenue claiming only tiny portion of all equities under Materials industry.Azarga Fundamentals
| Return On Equity | -16.72 | ||||
| Return On Asset | -0.27 | ||||
| Current Valuation | 861.31 K | ||||
| Shares Outstanding | 36.37 M | ||||
| Shares Owned By Insiders | 36.06 % | ||||
| Number Of Shares Shorted | 2.54 K | ||||
| Price To Book | 2.30 X | ||||
| EBITDA | 7.35 M | ||||
| Net Income | (729.13 K) | ||||
| Cash And Equivalents | 257.01 K | ||||
| Total Debt | 1.72 M | ||||
| Debt To Equity | 2.09 % | ||||
| Current Ratio | 0.17 X | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (305.19 K) | ||||
| Short Ratio | 0.04 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Beta | 0.77 | ||||
| Market Capitalization | 909.3 K | ||||
| Total Asset | 1 M | ||||
| Retained Earnings | (162.57 M) | ||||
| Working Capital | (877.27 K) | ||||
| Net Asset | 1 M |
About Azarga Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Azarga Metals Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Azarga Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Azarga Metals Corp 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.
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 Azarga Metals 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, Azarga Metals' short interest history, or implied volatility extrapolated from Azarga Metals options trading.
Pair Trading with Azarga Metals
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 Azarga Metals 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 Azarga Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Azarga Stock
| 0.69 | JPM | JPMorgan Chase | PairCorr |
| 0.63 | RY | Royal Bank | PairCorr |
| 0.56 | BOFA | Bank of America | PairCorr |
| 0.43 | RY-PM | Royal Bank | PairCorr |
The ability to find closely correlated positions to Azarga Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azarga Metals 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 Azarga Metals - 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 Azarga Metals Corp to buy it.
The correlation of Azarga Metals 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 Azarga Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azarga Metals 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 Azarga Metals 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 Azarga Metals Corp. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Azarga Stock analysis
When running Azarga Metals' price analysis, check to measure Azarga Metals' 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 Azarga Metals is operating at the current time. Most of Azarga Metals' value examination focuses on studying past and present price action to predict the probability of Azarga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azarga Metals' price. Additionally, you may evaluate how the addition of Azarga Metals to your portfolios can decrease your overall portfolio volatility.
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