Laramide Resources Profitability Analysis
| LAM Stock | CAD 0.83 0.02 2.47% |
Net Loss | First Reported 1997-03-31 | Previous Quarter -478.9 K | Current Value -1.6 M | Quarterly Volatility 1.9 M |
For Laramide Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Laramide Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Laramide Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Laramide Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Laramide Resources over time as well as its relative position and ranking within its peers.
Laramide |
Laramide Resources Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Laramide Resources's current stock value. Our valuation model uses many indicators to compare Laramide Resources value to that of its competitors to determine the firm's financial worth. Laramide Resources is currently regarded as number one stock in return on equity category among related companies. It is currently regarded as number one stock in return on asset category among related companies . At this time, Laramide Resources' Return On Equity is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Laramide Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Laramide Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Laramide Resources' earnings, one of the primary drivers of an investment's value.Laramide Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Laramide Resources |
| = | -0.0509 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
Laramide Resources |
| = | -0.0164 |
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.
Laramide Return On Asset Comparison
Laramide Resources is currently under evaluation in return on asset category among related companies.
Laramide Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Laramide Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Laramide Resources will eventually generate negative long term returns. The profitability progress is the general direction of Laramide Resources' change in net profit over the period of time. It can combine multiple indicators of Laramide Resources, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 2.9 M | 3 M | |
| Operating Income | -2.8 M | -2.6 M | |
| Total Other Income Expense Net | -1.4 M | -1.4 M | |
| Net Loss | -4.7 M | -4.9 M | |
| Income Before Tax | -4.9 M | -5.2 M | |
| Income Tax Expense | 205.96 | 195.67 | |
| Net Loss | -4.7 M | -4.9 M | |
| Net Loss | -708.2 K | -743.6 K | |
| Interest Income | 7.5 M | 7.9 M | |
| Net Interest Income | -817.4 K | -858.3 K | |
| Change To Netincome | -2.1 M | -2 M | |
| Net Loss | (0.02) | (0.02) | |
| Income Quality | 0.58 | 0.30 | |
| Net Income Per E B T | 0.95 | 0.74 |
Laramide Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Laramide Resources. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Laramide Resources position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Laramide Resources' important profitability drivers and their relationship over time.
Use Laramide Resources 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 Laramide Resources 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 Laramide Resources will appreciate offsetting losses from the drop in the long position's value.Laramide Resources Pair Trading
Laramide Resources Pair Trading Analysis
The ability to find closely correlated positions to Laramide Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laramide Resources 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 Laramide Resources - 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 Laramide Resources to buy it.
The correlation of Laramide Resources 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 Laramide Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laramide 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 Laramide Resources 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.Use Investing Themes to Complement your Laramide Resources position
In addition to having Laramide Resources 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?
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Complementary Tools for Laramide Stock analysis
When running Laramide Resources' price analysis, check to measure Laramide Resources' 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 Laramide Resources is operating at the current time. Most of Laramide Resources' value examination focuses on studying past and present price action to predict the probability of Laramide Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laramide Resources' price. Additionally, you may evaluate how the addition of Laramide Resources to your portfolios can decrease your overall portfolio volatility.
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To fully project Laramide Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Laramide 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 Laramide Resources' income statement, its balance sheet, and the statement of cash flows.