Otis Gold Shares Outstanding vs. Book Value Per Share
Based on the measurements of profitability obtained from Otis Gold's financial statements, Otis Gold Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in May. Profitability indicators assess Otis Gold's ability to earn profits and add value for shareholders.
Check out Your Equity Center 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 signals in unemployment.
Please note, there is a significant difference between Otis Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Otis Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Otis Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Otis Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Otis Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Otis Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Otis Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Otis Gold Corp over time as well as its relative position and ranking within its peers.
Otis |
Otis Gold Corp Book Value Per Share vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Otis Gold's current stock value. Our valuation model uses many indicators to compare Otis Gold value to that of its competitors to determine the firm's financial worth. Otis Gold Corp is considered to be number one stock in shares outstanding category among related companies. It is considered to be number one stock in book value per share category among related companies . The ratio of Shares Outstanding to Book Value Per Share for Otis Gold Corp is about 1,349,230,769 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Otis Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Otis Gold's Pink Sheet. 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 Otis Gold's earnings, one of the primary drivers of an investment's value.Otis Book Value Per Share vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Otis Gold |
| = | 175.4 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Otis Gold |
| = | 0.13 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Otis Book Value Per Share Comparison
Otis Gold is currently under evaluation in book value per share category among related companies.
Otis Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Otis Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Otis Gold will eventually generate negative long term returns. The profitability progress is the general direction of Otis Gold's change in net profit over the period of time. It can combine multiple indicators of Otis Gold, 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.
Otis Gold Corp. focuses on discovery, exploration, and development of precious metals deposits in the United States. Otis Gold Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. OTIS GOLD operates under Gold classification in USA and is traded on BATS Exchange.
Otis Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Otis Gold. 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 Otis Gold 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 Otis Gold's important profitability drivers and their relationship over time.
Use Otis Gold 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 Otis Gold 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 Otis Gold will appreciate offsetting losses from the drop in the long position's value.Otis Gold Pair Trading
Otis Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to 3M could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3M 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 3M - 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 3M Company to buy it.
The correlation of 3M 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 3M moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3M Company 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 3M 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 Otis Gold position
In addition to having Otis Gold 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?
Run Books Thematic Idea Now
Books
Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Books Theme or any other thematic opportunities.
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Check out Your Equity Center 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 signals in unemployment. Note that the Otis Gold Corp information on this page should be used as a complementary analysis to other Otis Gold's 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Other Consideration for investing in Otis Pink Sheet
If you are still planning to invest in Otis Gold Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Otis Gold's history and understand the potential risks before investing.
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