Arras Minerals Price To Book vs. Beta
| ARK Stock | CAD 0.26 0.01 3.70% |
For Arras Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Arras Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Arras Minerals Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Arras Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Arras Minerals Corp over time as well as its relative position and ranking within its peers.
Arras |
Arras Minerals Corp Beta vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Arras Minerals's current stock value. Our valuation model uses many indicators to compare Arras Minerals value to that of its competitors to determine the firm's financial worth. Arras Minerals Corp is number one stock in price to book category among related companies. It is number one stock in beta category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Arras Minerals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Arras Minerals' Stock. 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 Arras Minerals' earnings, one of the primary drivers of an investment's value.Arras Beta vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Arras Minerals |
| = | 1.92 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Arras Minerals |
| = | -3.84 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Arras Beta Comparison
Arras Minerals is currently under evaluation in beta category among related companies.
Beta Analysis
As returns on the market increase, returns on owning Arras Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Arras Minerals is expected to outperform it.
Arras Minerals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Arras Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Arras Minerals will eventually generate negative long term returns. The profitability progress is the general direction of Arras Minerals' change in net profit over the period of time. It can combine multiple indicators of Arras Minerals, 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.
| Last Reported | Projected for Next Year | ||
| Net Interest Income | 85 K | 89.2 K | |
| Interest Income | 85 K | 89.2 K | |
| Operating Income | -5.2 M | -5.5 M | |
| Net Loss | -6.6 M | -6.9 M | |
| Income Before Tax | -6.6 M | -6.9 M | |
| Total Other Income Expense Net | 41.4 K | 43.5 K | |
| Net Loss | -6.6 M | -6.9 M | |
| Net Loss | (0.10) | (0.11) | |
| Income Quality | 0.83 | 0.71 | |
| Net Income Per E B T | 0.00 | 0.00 |
Arras Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Arras Minerals. 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 Arras Minerals 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 Arras Minerals' important profitability drivers and their relationship over time.
Use Arras Minerals 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 Arras Minerals 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 Arras Minerals will appreciate offsetting losses from the drop in the long position's value.Arras Minerals Pair Trading
Arras Minerals Corp Pair Trading Analysis
The ability to find closely correlated positions to Arras Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arras Minerals 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 Arras Minerals - 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 Arras Minerals Corp to buy it.
The correlation of Arras Minerals 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 Arras Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arras Minerals Corp 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 Arras Minerals 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 Arras Minerals position
In addition to having Arras Minerals 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 Machinery Thematic Idea Now
Machinery
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Machinery theme has 61 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 Machinery Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Trending Equities. 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 Arras Stock analysis
When running Arras Minerals' price analysis, check to measure Arras Minerals' 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 Arras Minerals is operating at the current time. Most of Arras Minerals' value examination focuses on studying past and present price action to predict the probability of Arras Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arras Minerals' price. Additionally, you may evaluate how the addition of Arras Minerals to your portfolios can decrease your overall portfolio volatility.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
To fully project Arras Minerals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Arras Minerals Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Arras Minerals' income statement, its balance sheet, and the statement of cash flows.