Altura Financial Statements From 2010 to 2024
| ALTAF Stock | USD 0 0.0001 5.00% |
Check Altura Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Altura main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Altura financial statements analysis is a perfect complement when working with Altura Mining Valuation or Volatility modules.
Altura |
Altura Mining Limited Company Current Valuation Analysis
Altura Mining's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Altura Mining Current Valuation | 61.69 M |
Most of Altura Mining's fundamental indicators, such as Current Valuation, 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, Altura Mining Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Altura Mining Limited has a Current Valuation of 61.69 M. This is 99.46% lower than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The current valuation for all United States stocks is 99.63% higher than that of the company.
Altura Mining Limited Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Altura Mining's current stock value. Our valuation model uses many indicators to compare Altura Mining value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Altura Mining competition to find correlations between indicators driving Altura Mining's intrinsic value. More Info.Altura Mining Limited is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Altura Mining by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Altura Mining'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 Altura Mining's earnings, one of the primary drivers of an investment's value.About Altura Mining Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Altura Mining income statement, its balance sheet, and the statement of cash flows. Altura Mining investors use historical funamental indicators, such as Altura Mining's revenue or net income, to determine how well the company is positioned to perform in the future. Although Altura Mining investors may use each financial statement separately, they are all related. The changes in Altura Mining's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Altura Mining's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Altura Mining Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Altura Mining. Please read more on our technical analysis and fundamental analysis pages.
Morella Corporation Limited, an exploration and resource development company, focuses on the exploration and development of lithium and battery minerals in Australia and the United States. Morella Corporation Limited was incorporated in 2000 and is based in West Perth, Australia. Morella Corp operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Pair Trading with Altura Mining
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 Altura Mining 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 Altura Mining will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Altura Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altura Mining 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 Altura Mining - 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 Altura Mining Limited to buy it.
The correlation of Altura Mining 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 Altura Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altura Mining Limited 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 Altura Mining 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 the analysis of Altura Mining Correlation against competitors. Note that the Altura Mining Limited information on this page should be used as a complementary analysis to other Altura Mining'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Altura Pink Sheet analysis
When running Altura Mining's price analysis, check to measure Altura Mining'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 Altura Mining is operating at the current time. Most of Altura Mining's value examination focuses on studying past and present price action to predict the probability of Altura Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altura Mining's price. Additionally, you may evaluate how the addition of Altura Mining to your portfolios can decrease your overall portfolio volatility.
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