Hemlo Explorers Stock Fundamentals
| CNOBF Stock | USD 0.02 0.00 0.00% |
Hemlo Explorers fundamentals help investors to digest information that contributes to Hemlo Explorers' financial success or failures. It also enables traders to predict the movement of Hemlo Pink Sheet. The fundamental analysis module provides a way to measure Hemlo Explorers' 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 Hemlo Explorers pink sheet.
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.Hemlo Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hemlo Explorers' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Hemlo Explorers could also be used in its relative valuation, which is a method of valuing Hemlo Explorers by comparing valuation metrics of similar companies.Hemlo Explorers is currently under evaluation in shares outstanding category among related companies.
Hemlo Fundamentals
| Return On Equity | -3.47 | |||
| Return On Asset | -1.95 | |||
| Current Valuation | 865.81 K | |||
| Shares Outstanding | 36.83 M | |||
| Shares Owned By Insiders | 6.58 % | |||
| Shares Owned By Institutions | 28.70 % | |||
| Price To Earning | (4.29) X | |||
| Price To Book | 3.09 X | |||
| EBITDA | (3.35 M) | |||
| Net Income | (3.37 M) | |||
| Cash And Equivalents | 859.95 K | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 11.76 K | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 5.64 X | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (3.43 M) | |||
| Earnings Per Share | (0.09) X | |||
| Beta | 1.04 | |||
| Market Capitalization | 1.92 M | |||
| Total Asset | 1.81 M | |||
| Z Score | 93.9 | |||
| Net Asset | 1.81 M |
About Hemlo Explorers Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hemlo Explorers's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hemlo Explorers using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hemlo Explorers 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.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
| 0.57 | HYMTF | Hyundai Motor | PairCorr |
| 0.52 | GLCNF | Glencore PLC Earnings Call This Week | PairCorr |
| 0.45 | WF | Woori Financial Group Financial Report 21st of May 2024 | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Hemlo Explorers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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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