Enertopia Corporation Stock Working Capital
| ENRT Stock | USD 0.01 0 18.75% |
Enertopia Corporation fundamentals help investors to digest information that contributes to Enertopia's financial success or failures. It also enables traders to predict the movement of Enertopia OTC Stock. The fundamental analysis module provides a way to measure Enertopia'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 Enertopia otc stock.
Enertopia |
Enertopia Corporation OTC Stock Working Capital Analysis
Enertopia's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Enertopia Working Capital | (232 K) |
Most of Enertopia's fundamental indicators, such as Working Capital, 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, Enertopia Corporation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
According to the company's disclosures, Enertopia Corporation has a Working Capital of (232,000). This is 100.03% lower than that of the Personal Products sector and significantly lower than that of the Consumer Staples industry. The working capital for all United States stocks is 100.02% higher than that of the company.
Enertopia Working Capital Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Enertopia's direct or indirect competition against its Working Capital to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Enertopia could also be used in its relative valuation, which is a method of valuing Enertopia by comparing valuation metrics of similar companies.Enertopia is currently under evaluation in working capital category among related companies.
Enertopia Fundamentals
| Return On Equity | 1.35 | |||
| Return On Asset | -0.62 | |||
| Current Valuation | 2.56 M | |||
| Shares Outstanding | 155.12 M | |||
| Shares Owned By Insiders | 4.87 % | |||
| Price To Earning | 1.95 X | |||
| Price To Book | 1.97 X | |||
| Price To Sales | 67,904 X | |||
| EBITDA | 1.98 M | |||
| Net Income | 1.97 M | |||
| Cash And Equivalents | 3.8 M | |||
| Cash Per Share | 0.02 X | |||
| Debt To Equity | 8.11 % | |||
| Current Ratio | 10.66 X | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (970.03 K) | |||
| Earnings Per Share | 0.01 X | |||
| Target Price | 0.13 | |||
| Beta | -0.32 | |||
| Market Capitalization | 7.91 M | |||
| Total Asset | 3.21 M | |||
| Retained Earnings | (12.44 M) | |||
| Working Capital | (232 K) | |||
| Current Asset | 144 K | |||
| Current Liabilities | 376 K | |||
| Z Score | -4.2 | |||
| Net Asset | 3.21 M |
About Enertopia Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Enertopia Corporation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enertopia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enertopia Corporation based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 Enertopia
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 Enertopia 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 Enertopia will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Enertopia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enertopia 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 Enertopia - 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 Enertopia Corporation to buy it.
The correlation of Enertopia 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 Enertopia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enertopia 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 Enertopia 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 Enertopia Corporation. 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 metropolitan statistical area. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Enertopia OTC Stock analysis
When running Enertopia's price analysis, check to measure Enertopia'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 Enertopia is operating at the current time. Most of Enertopia's value examination focuses on studying past and present price action to predict the probability of Enertopia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enertopia's price. Additionally, you may evaluate how the addition of Enertopia to your portfolios can decrease your overall portfolio volatility.
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