Barrick Gold Return On Equity vs. Number Of Shares Shorted
| ABX Stock | CAD 22.06 0.05 0.23% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.05449638 | Current Value 0.0572 | Quarterly Volatility 0.27234584 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.47 | 0.304 |
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| Operating Profit Margin | 0.23 | 0.2872 |
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For Barrick Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Barrick Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Barrick Gold Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Barrick Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Barrick Gold Corp over time as well as its relative position and ranking within its peers.
Barrick |
Barrick Gold Corp Number Of Shares Shorted vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Barrick Gold's current stock value. Our valuation model uses many indicators to compare Barrick Gold value to that of its competitors to determine the firm's financial worth. Barrick Gold Corp is number one stock in return on equity category among its peers. It also is number one stock in number of shares shorted category among its peers making about 208,319,707 of Number Of Shares Shorted per Return On Equity. At this time, Barrick Gold's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Barrick Gold by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Barrick Gold's Stock. 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.Barrick Number Of Shares Shorted vs. Return On Equity
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.
Barrick Gold |
| = | 0.0683 |
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.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Barrick Gold |
| = | 14.23 M |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Barrick Number Of Shares Shorted Comparison
Barrick Gold is currently under evaluation in number of shares shorted category among its peers.
Barrick Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Barrick Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Barrick Gold will eventually generate negative long term returns. The profitability progress is the general direction of Barrick Gold's change in net profit over the period of time. It can combine multiple indicators of Barrick Gold, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 29.9 M | 31.4 M | |
| Operating Income | 2.8 B | 1.9 B | |
| Net Income | 1.3 B | 1.3 B | |
| Income Before Tax | 2.8 B | 3 B | |
| Total Other Income Expense Net | 68 M | 71.4 M | |
| Income Tax Expense | 763.6 M | 538.4 M | |
| Net Income From Continuing Ops | 2 B | 2.1 B | |
| Net Income Applicable To Common Shares | 496.8 M | 521.6 M | |
| Interest Income | 21 M | 19.9 M | |
| Net Interest Income | -64 M | -67.2 M | |
| Change To Netincome | 767.7 M | 729.3 M | |
| Net Income Per Share | 0.72 | 0.76 | |
| Income Quality | 1.91 | 1.07 | |
| Net Income Per E B T | 0.45 | 0.43 |
Barrick Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Barrick Gold. 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 Barrick Gold 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 Barrick Gold's important profitability drivers and their relationship over time.
Use Barrick Gold 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 Barrick 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 Barrick Gold will appreciate offsetting losses from the drop in the long position's value.Barrick Gold Pair Trading
Barrick Gold Corp Pair Trading Analysis
The ability to find closely correlated positions to Barrick 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 Barrick 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 Barrick 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 Barrick Gold Corp to buy it.
The correlation of Barrick 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 Barrick Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrick Gold 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 Barrick 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.Use Investing Themes to Complement your Barrick Gold position
In addition to having Barrick Gold 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?
Run Non-Metallic and Industrial Metal Mining Thematic Idea Now
Non-Metallic and Industrial Metal Mining
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 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 Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Barrick Stock
When determining whether Barrick Gold Corp is a strong investment it is important to analyze Barrick Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Barrick Gold's future performance. For an informed investment choice regarding Barrick Stock, refer to the following important reports:Check out Trending Equities. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
To fully project Barrick Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Barrick Gold Corp 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 Barrick Gold's income statement, its balance sheet, and the statement of cash flows.