Discovery Metals Corp Stock Net Asset
| DSVSF Stock | USD 0.63 0.01 1.56% |
Discovery Metals Corp fundamentals help investors to digest information that contributes to Discovery Metals' financial success or failures. It also enables traders to predict the movement of Discovery OTC Stock. The fundamental analysis module provides a way to measure Discovery 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 Discovery Metals otc stock.
Discovery |
Discovery Metals Corp OTC Stock Net Asset Analysis
Discovery Metals' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Discovery Metals Net Asset | 107.79 M |
Most of Discovery Metals' fundamental indicators, such as Net Asset, 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, Discovery Metals Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, Discovery Metals Corp has a Net Asset of 107.79 M. This is much higher than that of the Basic Materials sector and significantly higher than that of the Silver industry. The net asset for all United States stocks is notably lower than that of the firm.
Discovery Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Discovery Metals' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Discovery Metals could also be used in its relative valuation, which is a method of valuing Discovery Metals by comparing valuation metrics of similar companies.Discovery Metals is currently under evaluation in net asset category among related companies.
Discovery Fundamentals
| Return On Equity | -0.37 | |||
| Return On Asset | -0.25 | |||
| Current Valuation | 281.99 M | |||
| Shares Outstanding | 351.24 M | |||
| Shares Owned By Insiders | 28.46 % | |||
| Shares Owned By Institutions | 26.37 % | |||
| Price To Book | 4.49 X | |||
| EBITDA | (35.27 M) | |||
| Net Income | (35.47 M) | |||
| Cash And Equivalents | 64.61 M | |||
| Cash Per Share | 0.19 X | |||
| Total Debt | 17 K | |||
| Current Ratio | 25.65 X | |||
| Book Value Per Share | 0.28 X | |||
| Cash Flow From Operations | (31.43 M) | |||
| Earnings Per Share | (0.09) X | |||
| Number Of Employees | 61 | |||
| Beta | 2.19 | |||
| Market Capitalization | 321.41 M | |||
| Total Asset | 107.79 M | |||
| Net Asset | 107.79 M |
About Discovery Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Discovery Metals Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Discovery Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Discovery Metals Corp based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 Discovery 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, Discovery Metals' short interest history, or implied volatility extrapolated from Discovery Metals options trading.
Pair Trading with Discovery 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 Discovery 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 Discovery Metals will appreciate offsetting losses from the drop in the long position's value.Moving together with Discovery OTC Stock
| 0.95 | PAAS | Pan American Silver Earnings Call This Week | PairCorr |
| 0.95 | AG | First Majestic Silver Sell-off Trend | PairCorr |
| 0.94 | MAG | MAG Silver Corp Earnings Call This Week | PairCorr |
| 0.87 | AYASF | Aya Gold Silver | PairCorr |
| 0.93 | SVM | Silvercorp Metals Financial Report 23rd of May 2024 | PairCorr |
Moving against Discovery OTC Stock
| 0.9 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.84 | VFS | VinFast Auto Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Discovery 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 Discovery 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 Discovery 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 Discovery Metals Corp to buy it.
The correlation of Discovery 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 Discovery Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discovery 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 Discovery 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Discovery Metals Corp. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Discovery OTC Stock analysis
When running Discovery Metals' price analysis, check to measure Discovery 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 Discovery Metals is operating at the current time. Most of Discovery Metals' value examination focuses on studying past and present price action to predict the probability of Discovery Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discovery Metals' price. Additionally, you may evaluate how the addition of Discovery Metals to your portfolios can decrease your overall portfolio volatility.
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