Hemlo Financial Statements From 2010 to 2024
| CNOBF Stock | USD 0.02 0.00 0.00% |
Check Hemlo Explorers financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hemlo main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Hemlo financial statements analysis is a perfect complement when working with Hemlo Explorers Valuation or Volatility modules.
Hemlo |
Hemlo Explorers Company Shares Outstanding Analysis
Hemlo Explorers' 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.
Current Hemlo Explorers Shares Outstanding | 36.83 M |
Most of Hemlo Explorers' fundamental indicators, such as Shares Outstanding, 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, Hemlo Explorers is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Hemlo Explorers has 36.83 M of shares currently outstending. This is 94.0% lower than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The shares outstanding for all United States stocks is 93.56% higher than that of the company.
Hemlo Explorers Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Hemlo Explorers's current stock value. Our valuation model uses many indicators to compare Hemlo Explorers value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hemlo Explorers competition to find correlations between indicators driving Hemlo Explorers's intrinsic value. More Info.Hemlo Explorers is rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Hemlo Explorers by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hemlo Explorers' 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 Hemlo Explorers' earnings, one of the primary drivers of an investment's value.About Hemlo Explorers Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Hemlo Explorers income statement, its balance sheet, and the statement of cash flows. Hemlo Explorers investors use historical funamental indicators, such as Hemlo Explorers's revenue or net income, to determine how well the company is positioned to perform in the future. Although Hemlo Explorers investors may use each financial statement separately, they are all related. The changes in Hemlo Explorers's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hemlo Explorers'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 Hemlo Explorers Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Hemlo Explorers. Please read more on our technical analysis and fundamental analysis pages.
Hemlo Explorers Inc. engages in the exploration and development of mineral properties in Canada. Hemlo Explorers Inc. was incorporated in 2008 and is headquartered in Toronto, Canada. Hemlo Explorers is traded on OTC Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hemlo Explorers in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hemlo Explorers' short interest history, or implied volatility extrapolated from Hemlo Explorers options trading.
Pair Trading with Hemlo Explorers
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 Hemlo Explorers 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 Hemlo Explorers will appreciate offsetting losses from the drop in the long position's value.Moving against Hemlo Pink Sheet
| 0.49 | GLCNF | Glencore PLC Earnings Call This Week | PairCorr |
| 0.48 | HYMTF | Hyundai Motor | PairCorr |
| 0.44 | GLNCY | Glencore PLC ADR Earnings Call This Week | PairCorr |
| 0.44 | AAUKF | Anglo American plc | PairCorr |
The ability to find closely correlated positions to Hemlo Explorers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hemlo Explorers 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 Hemlo Explorers - 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 Hemlo Explorers to buy it.
The correlation of Hemlo Explorers 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 Hemlo Explorers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hemlo Explorers 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 Hemlo Explorers 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 Hemlo Explorers Correlation against competitors. Note that the Hemlo Explorers information on this page should be used as a complementary analysis to other Hemlo Explorers' 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Hemlo Pink Sheet analysis
When running Hemlo Explorers' price analysis, check to measure Hemlo Explorers' 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 Hemlo Explorers is operating at the current time. Most of Hemlo Explorers' value examination focuses on studying past and present price action to predict the probability of Hemlo Explorers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hemlo Explorers' price. Additionally, you may evaluate how the addition of Hemlo Explorers to your portfolios can decrease your overall portfolio volatility.
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