Alkane Resources Limited Stock Operating Margin
| ALKEF Stock | USD 0.44 0.03 6.38% |
Alkane Resources Limited fundamentals help investors to digest information that contributes to Alkane Resources' financial success or failures. It also enables traders to predict the movement of Alkane Pink Sheet. The fundamental analysis module provides a way to measure Alkane Resources' 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 Alkane Resources pink sheet.
Alkane |
Alkane Resources Limited Company Operating Margin Analysis
Alkane Resources' Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Alkane Resources Operating Margin | 0.32 % |
Most of Alkane Resources' fundamental indicators, such as Operating Margin, 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, Alkane Resources Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Based on the recorded statements, Alkane Resources Limited has an Operating Margin of 0.3175%. This is 121.75% lower than that of the Basic Materials sector and 95.88% lower than that of the Gold industry. The operating margin for all United States stocks is 105.76% lower than that of the firm.
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Alkane Fundamentals
| Return On Equity | 0.31 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.43 % | |||
| Operating Margin | 0.32 % | |||
| Current Valuation | 196.05 M | |||
| Shares Outstanding | 598.79 M | |||
| Shares Owned By Insiders | 35.14 % | |||
| Shares Owned By Institutions | 9.58 % | |||
| Price To Earning | 7.04 X | |||
| Price To Book | 1.36 X | |||
| Price To Sales | 1.48 X | |||
| Revenue | 165.01 M | |||
| Gross Profit | 62.65 M | |||
| EBITDA | 137.32 M | |||
| Net Income | 70.25 M | |||
| Cash And Equivalents | 77.89 M | |||
| Cash Per Share | 0.13 X | |||
| Total Debt | 9.12 M | |||
| Debt To Equity | 0.06 % | |||
| Current Ratio | 3.88 X | |||
| Book Value Per Share | 0.45 X | |||
| Cash Flow From Operations | 86.48 M | |||
| Earnings Per Share | 0.07 X | |||
| Number Of Employees | 18 | |||
| Beta | 0.91 | |||
| Market Capitalization | 269.46 M | |||
| Total Asset | 355.69 M | |||
| Retained Earnings | (27 M) | |||
| Working Capital | 29 M | |||
| Current Asset | 39 M | |||
| Current Liabilities | 10 M | |||
| Z Score | 17.4 | |||
| Net Asset | 355.69 M |
About Alkane Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alkane Resources Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alkane Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alkane Resources Limited 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alkane Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alkane Resources' short interest history, or implied volatility extrapolated from Alkane Resources options trading.
Pair Trading with Alkane Resources
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 Alkane 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 Alkane Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Alkane Pink Sheet
| 0.82 | NEM | Newmont Goldcorp Corp Earnings Call Today | PairCorr |
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| 0.63 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.7 | AEM | Agnico Eagle Mines Earnings Call Today | PairCorr |
| 0.71 | GOLD | Barrick Gold Corp Earnings Call This Week | PairCorr |
Moving against Alkane Pink Sheet
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| 0.5 | MCAEU | Mountain Crest Acqui | PairCorr |
| 0.47 | SLF | Sun Life Financial Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Alkane 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 Alkane 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 Alkane 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 Alkane Resources Limited to buy it.
The correlation of Alkane 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 Alkane Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkane 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 Alkane 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alkane Resources Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Alkane Resources information on this page should be used as a complementary analysis to other Alkane Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Alkane Pink Sheet analysis
When running Alkane Resources' price analysis, check to measure Alkane 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 Alkane Resources is operating at the current time. Most of Alkane Resources' value examination focuses on studying past and present price action to predict the probability of Alkane Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkane Resources' price. Additionally, you may evaluate how the addition of Alkane Resources to your portfolios can decrease your overall portfolio volatility.
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