African Metals Stock Current Ratio
African Metals fundamentals help investors to digest information that contributes to African Metals' financial success or failures. It also enables traders to predict the movement of African Stock. The fundamental analysis module provides a way to measure African Metals' 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 African Metals stock.
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African Metals Company Current Ratio Analysis
African Metals' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current African Metals Current Ratio | 0.01 X |
Most of African Metals' fundamental indicators, such as Current Ratio, 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, African Metals is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, African Metals has a Current Ratio of 0.01 times. This is 99.74% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The current ratio for all Canada stocks is 99.54% higher than that of the company.
African Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses African Metals' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of African Metals could also be used in its relative valuation, which is a method of valuing African Metals by comparing valuation metrics of similar companies.African Metals is currently under evaluation in current ratio category among its peers.
African Fundamentals
Return On Equity | -1.21 | |||
Return On Asset | -0.62 | |||
Current Valuation | 22.95 K | |||
Shares Outstanding | 18.04 M | |||
Shares Owned By Insiders | 39.15 % | |||
Number Of Shares Shorted | 926 | |||
Price To Book | 0.81 X | |||
Price To Sales | 0.64 X | |||
EBITDA | (534.19 K) | |||
Net Income | (541.07 K) | |||
Cash And Equivalents | 19.46 K | |||
Cash Per Share | 0.01 X | |||
Total Debt | 6.4 M | |||
Debt To Equity | 0.62 % | |||
Current Ratio | 0.01 X | |||
Book Value Per Share | 0.01 X | |||
Cash Flow From Operations | (538.21 K) | |||
Short Ratio | 1.71 X | |||
Earnings Per Share | (0.03) X | |||
Beta | -0.66 | |||
Market Capitalization | 180.39 K | |||
Total Asset | 469.41 K | |||
Retained Earnings | (31.75 M) | |||
Working Capital | 401.19 K | |||
Net Asset | 469.41 K |
About African Metals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze African Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of African Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of African Metals 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 African Metals
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 African Metals 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 African Metals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to African Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace African Metals 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 African Metals - 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 African Metals to buy it.
The correlation of African Metals 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 African Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if African Metals 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 African Metals 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Tools for African Stock
When running African Metals' price analysis, check to measure African Metals' 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 African Metals is operating at the current time. Most of African Metals' value examination focuses on studying past and present price action to predict the probability of African Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move African Metals' price. Additionally, you may evaluate how the addition of African Metals to your portfolios can decrease your overall portfolio volatility.
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