Black Dragon Gold Stock Fundamentals
Black Dragon Gold fundamentals help investors to digest information that contributes to Black Dragon's financial success or failures. It also enables traders to predict the movement of Black OTC Stock. The fundamental analysis module provides a way to measure Black Dragon's 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 Black Dragon otc stock.
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Black Dragon Gold OTC Stock Price To Earning Analysis
Black Dragon's 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.
Current Black Dragon Price To Earning | 1.98 X |
Most of Black Dragon's fundamental indicators, such as Price To Earning, 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, Black Dragon Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the latest financial disclosure, Black Dragon Gold has a Price To Earning of 1.98 times. This is much higher than that of the sector and significantly higher than that of the Price To Earning industry. The price to earning for all United States stocks is notably lower than that of the firm.
Black Dragon Gold Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Black Dragon's current stock value. Our valuation model uses many indicators to compare Black Dragon value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Black Dragon competition to find correlations between indicators driving Black Dragon's intrinsic value. More Info.Black Dragon Gold 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 Black Dragon by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Black Dragon's OTC 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 Black Dragon's earnings, one of the primary drivers of an investment's value.Black Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Black Dragon's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Black Dragon could also be used in its relative valuation, which is a method of valuing Black Dragon by comparing valuation metrics of similar companies.Black Dragon is currently under evaluation in price to earning category among related companies.
Black Fundamentals
| Return On Equity | -216.69 | |||
| Return On Asset | -74.0 | |||
| Current Valuation | 1.11 M | |||
| Shares Outstanding | 110.86 M | |||
| Price To Earning | 1.98 X | |||
| Price To Book | 0.36 X | |||
| EBITDA | (2.38 M) | |||
| Net Income | (2.61 M) | |||
| Cash And Equivalents | 3.51 M | |||
| Cash Per Share | 0.03 X | |||
| Debt To Equity | 59.30 % | |||
| Current Ratio | 5.76 X | |||
| Book Value Per Share | 0.03 X | |||
| Cash Flow From Operations | (1.83 M) | |||
| Earnings Per Share | (0.03) X | |||
| Beta | 3.18 | |||
| Market Capitalization | 1.11 M |
Pair Trading with Black Dragon
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 Black Dragon 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 Black Dragon will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Black Dragon Gold information on this page should be used as a complementary analysis to other Black Dragon'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Consideration for investing in Black OTC Stock
If you are still planning to invest in Black Dragon Gold 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 Black Dragon's history and understand the potential risks before investing.
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