Argosy Minerals Limited Stock Price To Earning
| ARYMF Stock | USD 0.09 0 3.89% |
Argosy Minerals Limited fundamentals help investors to digest information that contributes to Argosy Minerals' financial success or failures. It also enables traders to predict the movement of Argosy Pink Sheet. The fundamental analysis module provides a way to measure Argosy Minerals' 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 Argosy Minerals pink sheet.
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Argosy Minerals Limited Company Price To Earning Analysis
Argosy Minerals' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Argosy Minerals Limited has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Basic Materials sector and about the same as Other Industrial Metals & Mining (which currently averages 0.0) industry. The price to earning for all United States stocks is 100.0% higher than that of the company.
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Argosy Fundamentals
| Return On Equity | 0.0694 | |||
| Return On Asset | -0.0162 | |||
| Profit Margin | 42.06 % | |||
| Operating Margin | (15.73) % | |||
| Current Valuation | 542.6 M | |||
| Shares Outstanding | 1.4 B | |||
| Shares Owned By Insiders | 19.20 % | |||
| Shares Owned By Institutions | 3.04 % | |||
| Price To Book | 10.41 X | |||
| Price To Sales | 5,257 X | |||
| Revenue | 109.53 K | |||
| Gross Profit | 111.08 K | |||
| EBITDA | 2.05 M | |||
| Net Income | 2.01 M | |||
| Cash And Equivalents | 36.04 M | |||
| Cash Per Share | 0.03 X | |||
| Total Debt | 29.7 K | |||
| Current Ratio | 147.02 X | |||
| Book Value Per Share | 0.06 X | |||
| Cash Flow From Operations | (2 M) | |||
| Beta | 1.66 | |||
| Market Capitalization | 783.54 M | |||
| Total Asset | 56.97 M | |||
| Retained Earnings | (39.3 M) | |||
| Working Capital | 1.61 M | |||
| Current Asset | 1.73 M | |||
| Current Liabilities | 115 K | |||
| Net Asset | 56.97 M |
About Argosy Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Argosy Minerals Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Argosy Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Argosy Minerals Limited 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.
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 Argosy Minerals 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, Argosy Minerals' short interest history, or implied volatility extrapolated from Argosy Minerals options trading.
Pair Trading with Argosy Minerals
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 Argosy 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 Argosy Minerals will appreciate offsetting losses from the drop in the long position's value.Moving against Argosy Pink Sheet
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The ability to find closely correlated positions to Argosy 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 Argosy 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 Argosy 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 Argosy Minerals Limited to buy it.
The correlation of Argosy 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 Argosy Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Argosy Minerals 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 Argosy 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argosy Minerals Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Argosy Pink Sheet analysis
When running Argosy Minerals' price analysis, check to measure Argosy 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 Argosy Minerals is operating at the current time. Most of Argosy Minerals' value examination focuses on studying past and present price action to predict the probability of Argosy Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argosy Minerals' price. Additionally, you may evaluate how the addition of Argosy Minerals to your portfolios can decrease your overall portfolio volatility.
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