Etruscus Resources Corp Stock Fundamentals
| ETRUF Stock | USD 0.05 0.00 0.00% |
Etruscus Resources Corp fundamentals help investors to digest information that contributes to Etruscus Resources' financial success or failures. It also enables traders to predict the movement of Etruscus Pink Sheet. The fundamental analysis module provides a way to measure Etruscus 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 Etruscus Resources pink sheet.
Etruscus |
Etruscus Resources Corp Company Shares Outstanding Analysis
Etruscus Resources' 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 Etruscus Resources Shares Outstanding | 38.01 M |
Most of Etruscus Resources' 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, Etruscus Resources Corp 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, Etruscus Resources Corp has 38.01 M of shares currently outstending. This is 93.81% 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 93.35% higher than that of the company.
Etruscus Resources Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Etruscus Resources's current stock value. Our valuation model uses many indicators to compare Etruscus Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Etruscus Resources competition to find correlations between indicators driving Etruscus Resources's intrinsic value. More Info.Etruscus Resources Corp is rated # 2 in return on equity category among related companies. It is rated # 2 in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Etruscus Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Etruscus Resources' 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 Etruscus Resources' earnings, one of the primary drivers of an investment's value.Etruscus Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Etruscus Resources' 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 Etruscus Resources could also be used in its relative valuation, which is a method of valuing Etruscus Resources by comparing valuation metrics of similar companies.Etruscus Resources is currently under evaluation in shares outstanding category among related companies.
Etruscus Fundamentals
| Return On Equity | -0.0917 | |||
| Return On Asset | -0.0587 | |||
| Current Valuation | 2.28 M | |||
| Shares Outstanding | 38.01 M | |||
| Shares Owned By Insiders | 18.08 % | |||
| Price To Book | 0.53 X | |||
| Gross Profit | (19.29 K) | |||
| EBITDA | (617.41 K) | |||
| Net Income | (640.14 K) | |||
| Cash And Equivalents | 1.03 M | |||
| Cash Per Share | 0.03 X | |||
| Total Debt | 5.03 K | |||
| Debt To Equity | 0 % | |||
| Current Ratio | 15.74 X | |||
| Book Value Per Share | 0.13 X | |||
| Cash Flow From Operations | (819.51 K) | |||
| Earnings Per Share | (0.02) X | |||
| Beta | 2.17 | |||
| Market Capitalization | 2.25 M | |||
| Total Asset | 5.08 M | |||
| Net Asset | 5.08 M |
About Etruscus Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Etruscus Resources Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Etruscus Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Etruscus Resources 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.Etruscus Resources Corp., a mineral exploration company, engages in the exploration of mineral properties in Canada. Etruscus Resources Corp. was incorporated in 2017 and is based in Vancouver, Canada. ETRUSCUS RESOURCES operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 2 people.
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 Etruscus Resources 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, Etruscus Resources' short interest history, or implied volatility extrapolated from Etruscus Resources options trading.
Pair Trading with Etruscus 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 Etruscus 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 Etruscus Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Etruscus Pink Sheet
| 0.77 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.63 | VFS | VinFast Auto Financial Report 20th of May 2024 | PairCorr |
| 0.59 | VFSWW | VinFast Auto | PairCorr |
The ability to find closely correlated positions to Etruscus 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 Etruscus 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 Etruscus 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 Etruscus Resources Corp to buy it.
The correlation of Etruscus Resources 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 Etruscus Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etruscus Resources 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 Etruscus 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Etruscus Resources 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 employment. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Etruscus Pink Sheet analysis
When running Etruscus Resources' price analysis, check to measure Etruscus 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 Etruscus Resources is operating at the current time. Most of Etruscus Resources' value examination focuses on studying past and present price action to predict the probability of Etruscus Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Etruscus Resources' price. Additionally, you may evaluate how the addition of Etruscus Resources to your portfolios can decrease your overall portfolio volatility.
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