Canada Rare Earth Stock EBITDA
| P4XA Stock | EUR 0.02 0.00 0.00% |
CANADA RARE EARTH fundamentals help investors to digest information that contributes to CANADA RARE's financial success or failures. It also enables traders to predict the movement of CANADA Stock. The fundamental analysis module provides a way to measure CANADA RARE'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 CANADA RARE stock.
CANADA |
CANADA RARE EARTH Company EBITDA Analysis
CANADA RARE's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current CANADA RARE EBITDA | (926.73 K) |
Most of CANADA RARE's fundamental indicators, such as EBITDA, 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, CANADA RARE EARTH is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
According to the company disclosure, CANADA RARE EARTH reported earnings before interest,tax, depreciation and amortization of (926,730). This is much lower than that of the Other sector and significantly lower than that of the Other industry. The ebitda for all Germany stocks is notably higher than that of the company.
CANADA EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CANADA RARE's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CANADA RARE could also be used in its relative valuation, which is a method of valuing CANADA RARE by comparing valuation metrics of similar companies.CANADA RARE is currently under evaluation in ebitda category among its peers.
CANADA Fundamentals
| Current Valuation | 4.76 M | |||
| Price To Book | 117.17 X | |||
| Price To Sales | 2.90 X | |||
| Revenue | 410.3 K | |||
| EBITDA | (926.73 K) | |||
| Net Income | (1.03 M) | |||
| Cash Flow From Operations | (321.94 K) | |||
| Market Capitalization | 9.22 M | |||
| Total Asset | 1.2 M | |||
| Net Asset | 1.2 M |
About CANADA RARE Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CANADA RARE EARTH's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CANADA RARE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CANADA RARE EARTH 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 CANADA RARE
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 CANADA RARE 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 CANADA RARE will appreciate offsetting losses from the drop in the long position's value.Moving against CANADA Stock
| 0.7 | SSU | Samsung Electronics | PairCorr |
| 0.69 | SSUN | Samsung Electronics | PairCorr |
| 0.68 | SSUN | Samsung Electronics | PairCorr |
| 0.67 | SSU | Samsung Electronics | PairCorr |
| 0.44 | AMZ | Amazon Inc | PairCorr |
The ability to find closely correlated positions to CANADA RARE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CANADA RARE 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 CANADA RARE - 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 CANADA RARE EARTH to buy it.
The correlation of CANADA RARE 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 CANADA RARE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CANADA RARE EARTH 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 CANADA RARE 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 CANADA Stock Analysis
When running CANADA RARE's price analysis, check to measure CANADA RARE'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 CANADA RARE is operating at the current time. Most of CANADA RARE's value examination focuses on studying past and present price action to predict the probability of CANADA RARE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANADA RARE's price. Additionally, you may evaluate how the addition of CANADA RARE to your portfolios can decrease your overall portfolio volatility.