# Maple Gold Mines Stock Filter Stocks by Fundamentals

MGM Stock | CAD 0.06 0.01 9.09% |

Maple Gold Mines fundamentals help investors to digest information that contributes to Maple Gold's financial success or failures. It also enables traders to predict the movement of Maple Stock. The fundamental analysis module provides a way to measure Maple 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 Maple Gold stock.

Maple | Shares Owned by Institutions |

## Maple Gold Current Valuation Drivers

We derive many important indicators used in calculating different scores of Maple Gold from analyzing Maple Gold's financial statements. These drivers represent accounts that assess Maple Gold's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Maple Gold's important valuation drivers and their relationship over time.

2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||

Market Cap | 22.4M | 92.3M | 119.2M | 58.8M | 23.7M | 24.2M | |

Enterprise Value | 18.8M | 72.8M | 97.5M | 49.6M | 20.6M | 20.1M |

## Maple Fundamentals

Return On Equity | -0.89 | ||||

Return On Asset | -0.53 | ||||

Current Valuation | 18.02 M | ||||

Shares Outstanding | 341.43 M | ||||

Shares Owned By Insiders | 13.17 % | ||||

Shares Owned By Institutions | 13.14 % | ||||

Number Of Shares Shorted | 15.54 K | ||||

Price To Book | 5.73 X | ||||

EBITDA | (7.56 M) | ||||

Net Income | (7.03 M) | ||||

Cash And Equivalents | 4.04 M | ||||

Cash Per Share | 0.02 X | ||||

Total Debt | 276.42 K | ||||

Debt To Equity | 48.50 % | ||||

Current Ratio | 2.40 X | ||||

Book Value Per Share | 0.01 X | ||||

Cash Flow From Operations | (6.15 M) | ||||

Short Ratio | 0.13 X | ||||

Earnings Per Share | (0.03) X | ||||

Target Price | 0.22 | ||||

Beta | 0.64 | ||||

Market Capitalization | 20.49 M | ||||

Total Asset | 4.56 M | ||||

Retained Earnings | (84.96 M) | ||||

Working Capital | 9.18 M | ||||

Net Asset | 4.56 M |

## About Maple Gold Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Maple Gold Mines's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Maple Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Maple Gold Mines 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 Maple 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 Maple 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 Maple Gold will appreciate offsetting losses from the drop in the long position's value.### Moving against Maple Stock

0.75 | GOOG | Alphabet CDR | PairCorr |

0.68 | AAPL | Apple Inc CDR | PairCorr |

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0.61 | NVDA | NVIDIA CDR Earnings Call This Week | PairCorr |

0.44 | TSLA | Tesla Inc CDR | PairCorr |

The ability to find closely correlated positions to Maple 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 Maple 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 Maple 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 Maple Gold Mines to buy it.

The correlation of Maple 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 Maple Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maple Gold Mines 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 Maple 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.## Additional Tools for Maple Stock Analysis

When running Maple Gold's price analysis, check to measure Maple 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 Maple Gold is operating at the current time. Most of Maple Gold's value examination focuses on studying past and present price action to predict the probability of Maple 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 Maple Gold's price. Additionally, you may evaluate how the addition of Maple Gold to your portfolios can decrease your overall portfolio volatility.