Eastfield Return On Equity
| ETFLF Stock | USD 0.0223 0.0054 31.95% |
Eastfield Resources fundamentals help investors to digest information that contributes to Eastfield Resources' financial success or failures. It also enables traders to predict the movement of Eastfield Pink Sheet. The fundamental analysis module provides a way to measure Eastfield Resources' 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 Eastfield Resources pink sheet.
Eastfield |
Eastfield Return On Equity Analysis
Eastfield Resources' 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.
Current Eastfield Resources Return On Equity | -0.12 |
Most of Eastfield Resources' 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, Eastfield Resources 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, Eastfield Resources has a Return On Equity of -0.121. This is 113.3% lower than that of the Basic Materials sector and significantly lower than that of the Other Precious Metals & Mining industry. The return on equity for all United States stocks is 60.97% lower than that of the firm.
Eastfield Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eastfield Resources' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Eastfield Resources could also be used in its relative valuation, which is a method of valuing Eastfield Resources by comparing valuation metrics of similar companies.Eastfield Resources is currently under evaluation in return on equity category among related companies.
Eastfield Fundamentals
| Return On Equity | -0.12 | |||
| Return On Asset | -0.0169 | |||
| Current Valuation | 1.81 M | |||
| Shares Outstanding | 55.56 M | |||
| Shares Owned by Insiders | 5.55 % | |||
| Price to Book | 0.94 X | |||
| EBITDA | (462.94 K) | |||
| Net Income | (640.6 K) | |||
| Cash and Equivalents | 68.65 K | |||
| Total Debt | 349.94 K | |||
| Debt to Equity | 0.11 % | |||
| Current Ratio | 0.44 X | |||
| Book Value Per Share | 0.049 X | |||
| Cash Flow from Operations | (127.22 K) | |||
| Beta | 1.31 | |||
| Market Capitalization | 1.82 M | |||
| Total Asset | 3.78 M | |||
| Z Score | 3.0 | |||
| Net Asset | 3.78 M |
About Eastfield Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eastfield Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastfield Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastfield Resources 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.Eastfield Resources Ltd., an exploration stage company, engages in the acquisition and exploration of mineral properties in Canada. Eastfield Resources Ltd. was founded in 1986 and is headquartered in Vancouver, Canada. Eastfield Res operates under Other Precious Metals Mining classification in the United States and is traded on OTC Exchange.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eastfield Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Pair Trading with Eastfield Resources
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 Eastfield Resources 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 Eastfield Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Eastfield Pink Sheet
| - | 0.65 | BVN | Compania De Minas | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.53 | ZMPLF | Zimplats Holdings | PairCorr | ||
| - | 0.51 | XOM | Exxon Mobil Corp | Fiscal Quarter End 30th of September 2023 | PairCorr | |
| - | 0.46 | CTPR | CTPartners Executive | PairCorr | ||
| - | 0.44 | ELGL | Element Global | PairCorr |
The ability to find closely correlated positions to Eastfield Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastfield Resources 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 Eastfield Resources - 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 Eastfield Resources to buy it.
The correlation of Eastfield Resources is a statistical measure of how it moves in relation to other equities. 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 Eastfield Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastfield Resources 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 Eastfield Resources 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 Eastfield Resources Piotroski F Score and Eastfield Resources Altman Z Score analysis. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Eastfield Pink Sheet analysis
When running Eastfield Resources' price analysis, check to measure Eastfield Resources' 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 Eastfield Resources is operating at the current time. Most of Eastfield Resources' value examination focuses on studying past and present price action to predict the probability of Eastfield Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastfield Resources' price. Additionally, you may evaluate how the addition of Eastfield Resources to your portfolios can decrease your overall portfolio volatility.
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