Fury Gold Profitability Analysis
Based on the measurements of profitability obtained from Fury Gold's financial statements, Fury Gold Mines may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in July. Profitability indicators assess Fury Gold's ability to earn profits and add value for shareholders.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Please note, there is a significant difference between Fury Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fury Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fury Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Fury Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Fury Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Fury Gold Mines utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Fury Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Fury Gold Mines over time as well as its relative position and ranking within its peers.
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Fury Gold Mines Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Fury Gold's current stock value. Our valuation model uses many indicators to compare Fury Gold value to that of its competitors to determine the firm's financial worth. Fury Gold Mines is rated # 2 in return on equity category among its peers. It is rated # 3 in return on asset category among its peers . 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 Fury Gold's earnings, one of the primary drivers of an investment's value.Fury Return On Asset 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.
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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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Fury Return On Asset Comparison
Fury Gold is currently under evaluation in return on asset category among its peers.
Fury Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Fury Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Fury Gold will eventually generate negative long term returns. The profitability progress is the general direction of Fury Gold's change in net profit over the period of time. It can combine multiple indicators of Fury 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.
Fury Gold Mines Limited operates as an exploration and development company in Canada. Fury Gold Mines Limited was incorporated in 2008 and is headquartered in Vancouver, Canada. FURY GOLD operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 10 people.
Fury Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Fury 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 Fury 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 Fury Gold's important profitability drivers and their relationship over time.
Use Fury 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 Fury 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 Fury Gold will appreciate offsetting losses from the drop in the long position's value.Fury Gold Pair Trading
Fury Gold Mines Pair Trading Analysis
The ability to find closely correlated positions to Fury 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 Fury 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 Fury 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 Fury Gold Mines to buy it.
The correlation of Fury 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 Fury Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fury 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 Fury 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 Fury Gold position
In addition to having Fury 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 Hedge Favorites Thematic Idea Now
Hedge Favorites
Hedge Funds pool capital from accredited individuals or institutional investors and invest in a variety of assets, often with complex portfolio-construction and risk-management techniques. The Hedge Favorites theme has 37 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 Hedge Favorites Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Fury Stock
When determining whether Fury Gold Mines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Fury Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Fury Gold Mines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Fury Gold Mines Stock:Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
To fully project Fury Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Fury Gold Mines 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 Fury Gold's income statement, its balance sheet, and the statement of cash flows.