Ramelius Resources Stock Filter Stocks by Fundamentals
| RMS Stock | 2.03 0.03 1.50% |
Ramelius Resources fundamentals help investors to digest information that contributes to Ramelius Resources' financial success or failures. It also enables traders to predict the movement of Ramelius Stock. The fundamental analysis module provides a way to measure Ramelius 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 Ramelius Resources stock.
Ramelius | Shares Owned by Institutions |
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Ramelius Fundamentals
| Return On Equity | 0.0779 | ||||
| Return On Asset | 0.0547 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 2.05 B | ||||
| Shares Outstanding | 1.14 B | ||||
| Shares Owned By Insiders | 3.72 % | ||||
| Shares Owned By Institutions | 55.77 % | ||||
| Price To Book | 1.99 X | ||||
| Price To Sales | 3.38 X | ||||
| Revenue | 631.2 M | ||||
| Gross Profit | 136.39 M | ||||
| EBITDA | 273.2 M | ||||
| Net Income | 61.56 M | ||||
| Cash And Equivalents | 110.74 M | ||||
| Total Debt | 28.44 M | ||||
| Book Value Per Share | 1.01 X | ||||
| Cash Flow From Operations | 261.38 M | ||||
| Earnings Per Share | 0.07 X | ||||
| Target Price | 2.01 | ||||
| Number Of Employees | 370 | ||||
| Beta | 0.74 | ||||
| Market Capitalization | 2.32 B | ||||
| Total Asset | 1.19 B | ||||
| Retained Earnings | 340.24 M | ||||
| Working Capital | 293.13 M | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 1.19 B | ||||
| Last Dividend Paid | 0.02 |
About Ramelius Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ramelius Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ramelius Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ramelius Resources 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 Ramelius 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 Ramelius 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 Ramelius Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Ramelius Stock
| 0.92 | NST | Northern Star Resources | PairCorr |
| 0.98 | EVN | Evolution Mining | PairCorr |
| 0.97 | AWC | Alumina | PairCorr |
The ability to find closely correlated positions to Ramelius 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 Ramelius 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 Ramelius 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 Ramelius Resources to buy it.
The correlation of Ramelius 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 Ramelius Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ramelius 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 Ramelius 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ramelius Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Ramelius Stock analysis
When running Ramelius Resources' price analysis, check to measure Ramelius 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 Ramelius Resources is operating at the current time. Most of Ramelius Resources' value examination focuses on studying past and present price action to predict the probability of Ramelius Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ramelius Resources' price. Additionally, you may evaluate how the addition of Ramelius Resources to your portfolios can decrease your overall portfolio volatility.
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