Gold Road Retained Earnings vs. EBITDA
| ELKMF Stock | USD 1.05 0.02 1.87% |
For Gold Road profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Gold Road to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Gold Road Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Gold Road's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Gold Road Resources over time as well as its relative position and ranking within its peers.
Gold |
Gold Road Resources EBITDA vs. Retained Earnings Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Gold Road's current stock value. Our valuation model uses many indicators to compare Gold Road value to that of its competitors to determine the firm's financial worth. Gold Road Resources is one of the top stocks in retained earnings category among related companies. It is one of the top stocks in ebitda category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Gold Road by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Gold Road's 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 Gold Road's earnings, one of the primary drivers of an investment's value.Gold EBITDA vs. Retained Earnings
Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
Gold Road |
| = | (51 M) |
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
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.
Gold Road |
| = | 120.73 M |
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.
Gold EBITDA Comparison
Gold Road is currently under evaluation in ebitda category among related companies.
Gold Road Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Gold Road, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Gold Road will eventually generate negative long term returns. The profitability progress is the general direction of Gold Road's change in net profit over the period of time. It can combine multiple indicators of Gold Road, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. Gold Road Resources Limited was incorporated in 2004 and is based in West Perth, Australia. Gold Road operates under Gold classification in the United States and is traded on OTC Exchange. It employs 73 people.
Gold Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Gold Road. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Gold Road position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Gold Road's important profitability drivers and their relationship over time.
Use Gold Road in pair-trading
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 Gold Road 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 Gold Road will appreciate offsetting losses from the drop in the long position's value.Gold Road Pair Trading
Gold Road Resources Pair Trading Analysis
The ability to find closely correlated positions to Gold Road could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Road 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 Gold Road - 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 Gold Road Resources to buy it.
The correlation of Gold Road 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 Gold Road moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Road 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 Gold Road 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.Use Investing Themes to Complement your Gold Road position
In addition to having Gold Road in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Aircraft theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Aircraft Theme or any other thematic opportunities.
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When running Gold Road's price analysis, check to measure Gold Road'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 Gold Road is operating at the current time. Most of Gold Road's value examination focuses on studying past and present price action to predict the probability of Gold Road's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Road's price. Additionally, you may evaluate how the addition of Gold Road to your portfolios can decrease your overall portfolio volatility.
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To fully project Gold Road's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Gold Road Resources at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Gold Road's income statement, its balance sheet, and the statement of cash flows.