Endurance Gold Stock Return On Asset
ENDGF Stock | USD 0.11 0.01 8.33% |
Endurance Gold fundamentals help investors to digest information that contributes to Endurance Gold's financial success or failures. It also enables traders to predict the movement of Endurance Pink Sheet. The fundamental analysis module provides a way to measure Endurance Gold'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 Endurance Gold pink sheet.
Endurance |
Endurance Gold Company Return On Asset Analysis
Endurance Gold's 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.
Current Endurance Gold Return On Asset | -0.0835 |
Most of Endurance Gold's fundamental indicators, such as Return On 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, Endurance Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
Competition |
Based on the latest financial disclosure, Endurance Gold has a Return On Asset of -0.0835. This is 111.28% lower than that of the Basic Materials sector and 178.33% higher than that of the Gold industry. The return on asset for all United States stocks is 40.36% lower than that of the firm.
Endurance Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Endurance Gold's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Endurance Gold could also be used in its relative valuation, which is a method of valuing Endurance Gold by comparing valuation metrics of similar companies.Endurance Gold is currently under evaluation in return on asset category among related companies.
Endurance Fundamentals
Return On Equity | -0.32 | |||
Return On Asset | -0.0835 | |||
Current Valuation | 36.03 M | |||
Shares Outstanding | 143.32 M | |||
Shares Owned By Insiders | 54.63 % | |||
Price To Earning | 36.71 X | |||
Price To Book | 5.81 X | |||
EBITDA | (1.26 M) | |||
Net Income | (3.02 M) | |||
Cash And Equivalents | 3.21 M | |||
Cash Per Share | 0.02 X | |||
Current Ratio | 10.94 X | |||
Book Value Per Share | 0.07 X | |||
Cash Flow From Operations | (814.8 K) | |||
Earnings Per Share | (0.01) X | |||
Beta | 2.02 | |||
Market Capitalization | 31.96 M | |||
Total Asset | 7.6 M | |||
Net Asset | 7.6 M |
About Endurance Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Endurance Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Endurance Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Endurance Gold 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.
Pair Trading with Endurance Gold
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 Endurance 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 Endurance Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Endurance Pink Sheet
0.75 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
0.67 | PPERY | Bank Mandiri Persero | PairCorr |
0.65 | BKRKY | Bank Rakyat | PairCorr |
0.65 | PBCRY | Bank Central Asia | PairCorr |
0.64 | SHG | Shinhan Financial | PairCorr |
The ability to find closely correlated positions to Endurance 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 Endurance 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 Endurance 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 Endurance Gold to buy it.
The correlation of Endurance 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 Endurance Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endurance Gold 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 Endurance 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endurance Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Endurance Gold information on this page should be used as a complementary analysis to other Endurance Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Endurance Pink Sheet analysis
When running Endurance Gold's price analysis, check to measure Endurance Gold'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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to predict the probability of Endurance Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.
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