Endurance Gold Corp Stock Filter Stocks by Fundamentals
| EDG Stock | CAD 0.17 0.01 6.25% |
Endurance Gold Corp fundamentals help investors to digest information that contributes to Endurance Gold's financial success or failures. It also enables traders to predict the movement of Endurance Stock. The fundamental analysis module provides a way to measure Endurance Gold'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 Endurance Gold stock.
Endurance | Shares Owned by Institutions |
Endurance Gold Current Valuation Drivers
We derive many important indicators used in calculating different scores of Endurance Gold from analyzing Endurance Gold's financial statements. These drivers represent accounts that assess Endurance Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Endurance Gold's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.3M | 15.5M | 40.6M | 50.5M | 45.4M | 47.7M | |
| Enterprise Value | 3.3M | 15.0M | 40.1M | 48.6M | 43.7M | 45.9M |
Endurance Fundamentals
| Return On Equity | -0.0748 | ||||
| Return On Asset | -0.0325 | ||||
| Current Valuation | 22.5 M | ||||
| Shares Outstanding | 150.14 M | ||||
| Shares Owned By Insiders | 54.55 % | ||||
| Number Of Shares Shorted | 824 | ||||
| Price To Earning | 37.50 X | ||||
| Price To Book | 2.01 X | ||||
| EBITDA | (615.27 K) | ||||
| Net Income | (782.37 K) | ||||
| Cash And Equivalents | 3.77 M | ||||
| Cash Per Share | 0.03 X | ||||
| Current Ratio | 73.23 X | ||||
| Book Value Per Share | 0.08 X | ||||
| Cash Flow From Operations | (185.5 K) | ||||
| Short Ratio | 0.12 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.5 | ||||
| Beta | 2.17 | ||||
| Market Capitalization | 24.77 M | ||||
| Total Asset | 11.99 M | ||||
| Retained Earnings | (10.54 M) | ||||
| Working Capital | 4.51 M | ||||
| Net Asset | 11.99 M |
About Endurance Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Endurance Gold Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Endurance Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Endurance Gold Corp 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.
Pair Trading with Endurance Gold
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 Endurance Gold 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 Endurance Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Endurance Stock
| 0.65 | BIP-PB | Brookfield Infrastructure | PairCorr |
Moving against Endurance Stock
| 0.68 | CDAY | Ceridian HCM Holding Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Endurance Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endurance Gold 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 Endurance Gold - 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 Endurance Gold Corp to buy it.
The correlation of Endurance Gold 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 Endurance Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endurance Gold 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 Endurance Gold 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endurance Gold Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 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 Endurance Stock analysis
When running Endurance Gold's price analysis, check to measure Endurance Gold's 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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to predict the probability of Endurance Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.
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