True North Gems Stock Net Income
TGX Stock | CAD 0.04 0.03 35.71% |
True North Gems fundamentals help investors to digest information that contributes to True North's financial success or failures. It also enables traders to predict the movement of True Stock. The fundamental analysis module provides a way to measure True North'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 True North stock.
Last Reported | Projected for Next Year | ||
Net Loss | -200 K | -210 K | |
Net Loss | -1.1 M | -1.2 M | |
Net Loss | -276.6 K | -290.4 K |
True | Net Income |
True North Gems Company Net Income Analysis
True North'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 True North Net Income | (276.59 K) |
Most of True North'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, True North Gems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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 |
True Operating Income
Operating Income |
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Based on the recorded statements, True North Gems reported net income of (276,588). This is 97.7% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The net income for all Canada stocks is 100.05% higher than that of the company.
True Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses True North'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 True North could also be used in its relative valuation, which is a method of valuing True North by comparing valuation metrics of similar companies.True North is currently under evaluation in net income category among related companies.
True Fundamentals
Return On Asset | -0.76 | |||
Current Valuation | 8.6 M | |||
Shares Outstanding | 33.58 M | |||
Shares Owned By Insiders | 1.90 % | |||
Number Of Shares Shorted | 219 | |||
Price To Earning | 7.50 X | |||
Price To Book | 0.05 X | |||
Gross Profit | 28.5 K | |||
EBITDA | (129.15 K) | |||
Net Income | (276.59 K) | |||
Cash And Equivalents | 34.37 K | |||
Total Debt | 6.46 M | |||
Debt To Equity | 0.09 % | |||
Current Ratio | 0.01 X | |||
Book Value Per Share | (0.20) X | |||
Cash Flow From Operations | 16.66 K | |||
Short Ratio | 2.76 X | |||
Earnings Per Share | (0.01) X | |||
Beta | 1.51 | |||
Market Capitalization | 2.18 M | |||
Total Asset | 88.72 K | |||
Retained Earnings | (74.02 M) | |||
Working Capital | 55.82 K | |||
Net Asset | 88.72 K |
About True North Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze True North Gems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of True North using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of True North Gems 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 True North
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 True North 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 True North will appreciate offsetting losses from the drop in the long position's value.Moving together with True Stock
0.78 | IE | Ivanhoe Energy | PairCorr |
0.78 | FDY | Faraday Copper Corp | PairCorr |
0.86 | TD-PFL | Toronto Dominion Bank | PairCorr |
0.83 | TD-PFM | Toronto Dominion Bank | PairCorr |
0.76 | TD-PFI | Toronto Dominion Bank | PairCorr |
Moving against True Stock
0.48 | TD | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to True North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace True North 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 True North - 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 True North Gems to buy it.
The correlation of True North 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 True North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if True North Gems 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 True North 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 World Market Map to better understand how to build diversified portfolios, which includes a position in True North Gems. 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 Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for True Stock analysis
When running True North's price analysis, check to measure True North'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 True North is operating at the current time. Most of True North's value examination focuses on studying past and present price action to predict the probability of True North's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move True North's price. Additionally, you may evaluate how the addition of True North to your portfolios can decrease your overall portfolio volatility.
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