Electric Royalties Stock Fundamentals

Electric Royalties fundamentals help investors to digest information that contributes to Electric Royalties' financial success or failures. It also enables traders to predict the movement of Electric Stock. The fundamental analysis module provides a way to measure Electric Royalties' 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 Electric Royalties stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Electric Return On Equity Analysis

Electric Royalties' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

 = 

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Electric Royalties Return On Equity

    
  -0.0768  
Most of Electric Royalties' fundamental indicators, such as Return On Equity, 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, Electric Royalties is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Competition

Based on the latest financial disclosure, Electric Royalties has a Return On Equity of -0.0768. This is 108.44% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The return on equity for all Canada stocks is 75.23% lower than that of the firm.

Electric Royalties Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Electric Royalties's current stock value. Our valuation model uses many indicators to compare Electric Royalties value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Electric Royalties competition to find correlations between indicators driving Electric Royalties's intrinsic value. More Info.
Electric Royalties is one of the top stocks in retained earnings category among related companies. It is one of the top stocks in target price category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value Electric Royalties by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Electric Royalties' 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 Electric Royalties' earnings, one of the primary drivers of an investment's value.

Electric Earnings Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electric Royalties' direct or indirect competition against its Earnings Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Electric Royalties could also be used in its relative valuation, which is a method of valuing Electric Royalties by comparing valuation metrics of similar companies.
Electric Royalties is currently under evaluation in earnings per share category among related companies.

Electric Fundamentals

About Electric Royalties Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Electric Royalties's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electric Royalties using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electric Royalties 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.
Electric Royalties Ltd. focuses on acquiring royalties in mines and projects. The company primarily focuses on various commodities, including lithium, vanadium, manganese, tin, graphite, cobalt, nickel, and copper. ELECTRIC ROYALTIES operates under Other Industrial Metals Mining classification in Exotistan and is traded on Commodity Exchange.

Pair Trading with Electric Royalties

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 Electric Royalties 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 Electric Royalties will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Electric Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electric Royalties 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 Electric Royalties - 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 Electric Royalties to buy it.
The correlation of Electric Royalties 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 Electric Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electric Royalties 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 Electric Royalties 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.
Pair CorrelationCorrelation Matching
Check out Electric Royalties Piotroski F Score and Electric Royalties Altman Z Score analysis.
Note that the Electric Royalties information on this page should be used as a complementary analysis to other Electric Royalties' 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Electric Stock analysis

When running Electric Royalties' price analysis, check to measure Electric Royalties' 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 Electric Royalties is operating at the current time. Most of Electric Royalties' value examination focuses on studying past and present price action to predict the probability of Electric Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electric Royalties' price. Additionally, you may evaluate how the addition of Electric Royalties to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Electric Royalties' value and its price as these two are different measures arrived at by different means. Investors typically determine if Electric Royalties is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electric Royalties' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.