Rio2 Stock Net Income
| RIO Stock | CAD 0.58 0.01 1.75% |
Rio2 fundamentals help investors to digest information that contributes to Rio2's financial success or failures. It also enables traders to predict the movement of Rio2 Stock. The fundamental analysis module provides a way to measure Rio2'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 Rio2 stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -16.7 M | -15.8 M | |
| Net Loss | -6.4 M | -6.1 M | |
| Net Loss | -2.1 M | -2.2 M | |
| Net Loss | (0.06) | (0.07) | |
| Net Income Per E B T | 1.00 | 1.05 |
Rio2 | Net Income |
Rio2 Company Net Income Analysis
Rio2's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Rio2 Net Income | (16.68 M) |
Most of Rio2's fundamental indicators, such as Net Income, 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, Rio2 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Rio2 Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Rio2 is extremely important. It helps to project a fair market value of Rio2 Stock properly, considering its historical fundamentals such as Net Income. Since Rio2'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 Rio2'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 Rio2's interrelated accounts and indicators.
Click cells to compare fundamentals
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Rio2 Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Rio2 reported net income of (16.68 Million). This is 38.57% higher than that of the Metals & Mining sector and 87.97% lower than that of the Materials industry. The net income for all Canada stocks is 102.92% higher than that of the company.
Rio2 Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rio2's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Rio2 could also be used in its relative valuation, which is a method of valuing Rio2 by comparing valuation metrics of similar companies.Rio2 is currently under evaluation in net income category among related companies.
Rio2 Fundamentals
| Return On Equity | -0.16 | ||||
| Return On Asset | -0.0612 | ||||
| Current Valuation | 143.82 M | ||||
| Shares Outstanding | 318.6 M | ||||
| Shares Owned By Insiders | 21.24 % | ||||
| Shares Owned By Institutions | 15.00 % | ||||
| Number Of Shares Shorted | 2.39 M | ||||
| Price To Book | 1.13 X | ||||
| EBITDA | (7.65 M) | ||||
| Net Income | (16.68 M) | ||||
| Cash And Equivalents | 1.42 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 613.59 K | ||||
| Debt To Equity | 0.50 % | ||||
| Current Ratio | 0.66 X | ||||
| Book Value Per Share | 0.28 X | ||||
| Cash Flow From Operations | (447.05 K) | ||||
| Short Ratio | 0.07 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 0.6 | ||||
| Beta | 2.34 | ||||
| Market Capitalization | 184.79 M | ||||
| Total Asset | 142.96 M | ||||
| Retained Earnings | (83.66 M) | ||||
| Working Capital | 3.79 M | ||||
| Net Asset | 142.96 M |
About Rio2 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Rio2's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rio2 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rio2 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 Rio2
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 Rio2 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 Rio2 will appreciate offsetting losses from the drop in the long position's value.Moving together with Rio2 Stock
| 0.92 | IE | Ivanhoe Energy | PairCorr |
| 0.86 | FDY | Faraday Copper Corp | PairCorr |
| 0.78 | BOFA | Bank of America | PairCorr |
Moving against Rio2 Stock
| 0.69 | IBM | International Business | PairCorr |
The ability to find closely correlated positions to Rio2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio2 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 Rio2 - 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 Rio2 to buy it.
The correlation of Rio2 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 Rio2 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio2 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 Rio2 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rio2. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Rio2 Stock analysis
When running Rio2's price analysis, check to measure Rio2'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 Rio2 is operating at the current time. Most of Rio2's value examination focuses on studying past and present price action to predict the probability of Rio2's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio2's price. Additionally, you may evaluate how the addition of Rio2 to your portfolios can decrease your overall portfolio volatility.
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