Rio2 Stock Fundamentals
| RIO Stock | CAD 0.54 0.01 1.89% |
Rio2 fundamentals help investors to digest information that contributes to Rio2's financial success or failures. It also enables traders to predict the movement of Rio2 Stock. The fundamental analysis module provides a way to measure Rio2'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 Rio2 stock.
At this time, Rio2's Depreciation And Amortization is fairly stable compared to the past year. Other Operating Expenses is likely to climb to about 11.3 M in 2024, despite the fact that Gross Profit is likely to grow to (2.9 M). Rio2 | Select Account or Indicator |
Rio2 Company Return On Equity Analysis
Rio2's 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.
Current Rio2 Return On Equity | -0.16 |
Most of Rio2's fundamental indicators, such as Return On Equity, 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, Rio2 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Rio2 Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Rio2 is extremely important. It helps to project a fair market value of Rio2 Stock properly, considering its historical fundamentals such as Return On Equity. Since Rio2's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Rio2's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Rio2's interrelated accounts and indicators.
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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.
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Rio2 Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Rio2 has a Return On Equity of -0.1595. This is 117.53% lower than that of the Metals & Mining sector and 259.5% lower than that of the Materials industry. The return on equity for all Canada stocks is 48.55% lower than that of the firm.
Rio2 Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Rio2's current stock value. Our valuation model uses many indicators to compare Rio2 value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Rio2 competition to find correlations between indicators driving Rio2's intrinsic value. More Info.Rio2 is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . At this time, Rio2's Return On Equity is fairly stable compared to the past year. 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 Rio2's earnings, one of the primary drivers of an investment's value.Rio2 Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Rio2's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Rio2 could also be used in its relative valuation, which is a method of valuing Rio2 by comparing valuation metrics of similar companies.Rio2 is currently under evaluation in return on equity category among its peers.
Rio2 Fundamentals
| Return On Equity | -0.16 | ||||
| Return On Asset | -0.0609 | ||||
| Current Valuation | 135.37 M | ||||
| Shares Outstanding | 340.03 M | ||||
| Shares Owned By Insiders | 21.24 % | ||||
| Shares Owned By Institutions | 15.08 % | ||||
| Number Of Shares Shorted | 15.11 K | ||||
| Price To Book | 1.13 X | ||||
| EBITDA | (7.65 M) | ||||
| Net Income | (16.68 M) | ||||
| Cash And Equivalents | 1.42 M | ||||
| Cash Per Share | 0.01 X | ||||
| Total Debt | 613.59 K | ||||
| Debt To Equity | 0.50 % | ||||
| Current Ratio | 0.66 X | ||||
| Book Value Per Share | 0.27 X | ||||
| Cash Flow From Operations | (447.05 K) | ||||
| Short Ratio | 0.06 X | ||||
| Earnings Per Share | (0.04) X | ||||
| Target Price | 0.6 | ||||
| Beta | 2.34 | ||||
| Market Capitalization | 183.62 M | ||||
| Total Asset | 142.96 M | ||||
| Retained Earnings | (83.66 M) | ||||
| Working Capital | 3.79 M | ||||
| Net Asset | 142.96 M |
About Rio2 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Rio2's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rio2 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rio2 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.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | (0.13) | (0.14) | |
| Cost Of Revenue | 3.1 M | 3.2 M | |
| Capex To Revenue | (933.63) | (980.31) | |
| Ebit Per Revenue | -5 K | -4.8 K |
Pair Trading with Rio2
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 Rio2 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 Rio2 will appreciate offsetting losses from the drop in the long position's value.Moving together with Rio2 Stock
Moving against Rio2 Stock
The ability to find closely correlated positions to Rio2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio2 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 Rio2 - 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 Rio2 to buy it.
The correlation of Rio2 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 Rio2 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio2 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 Rio2 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.Additional Tools for Rio2 Stock Analysis
When running Rio2's price analysis, check to measure Rio2'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 Rio2 is operating at the current time. Most of Rio2's value examination focuses on studying past and present price action to predict the probability of Rio2's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio2's price. Additionally, you may evaluate how the addition of Rio2 to your portfolios can decrease your overall portfolio volatility.