Gold Road Cash per Share vs. Market Capitalization

ELKMF Stock  USD 1.04  0.01  0.95%   
Based on the measurements of profitability obtained from Gold Road's financial statements, Gold Road Resources may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in April. Profitability indicators assess Gold Road's ability to earn profits and add value for shareholders.
For Gold Road profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Gold Road to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Gold Road Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Gold Road's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Gold Road Resources over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Gold Road's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Road is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Road's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Gold Road Resources Market Capitalization vs. Cash per Share Fundamental Analysis

Gold Market Capitalization vs. Cash per Share

Gold Road

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Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.

Gold Road

Market Cap

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Shares Outstanding

X

Share Price

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1.11 B
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.

Gold Market Capitalization vs Competition

Gold Road Resources is one of the top stocks in market capitalization category among related companies. Market capitalization of Gold industry is currently estimated at about 135.65 Billion. Gold Road maintains roughly 1.11 Billion in market capitalization contributing less than 1% to equities under Gold industry.
Capitalization  Valuation  Revenue  Total debt  Workforce

Use Gold Road in pair-trading

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 Gold Road 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 Gold Road will appreciate offsetting losses from the drop in the long position's value.

Gold Road Pair Trading

Gold Road Resources Pair Trading Analysis

The ability to find closely correlated positions to Gold Road could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Road 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 Gold Road - 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 Gold Road Resources to buy it.
The correlation of Gold Road 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 Gold Road moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Road Resources 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 Gold Road 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Gold Road position

In addition to having Gold Road in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Banks Thematic Idea Now

Banks
Banks Theme
Large and small money and credit banks and credit services. The Banks theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banks Theme or any other thematic opportunities.
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You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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When running Gold Road's price analysis, check to measure Gold Road'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 Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
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To fully project Gold Road's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Gold Road Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Gold Road's income statement, its balance sheet, and the statement of cash flows.
Potential Gold Road investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Gold Road investors may work on each financial statement separately, they are all related. The changes in Gold Road's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Gold Road's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.