Phoenix Copper Z Score vs. Market Capitalization
| PXCLF Stock | USD 0.19 0.01 5.00% |
For Phoenix Copper profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Phoenix Copper to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Phoenix Copper Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Phoenix Copper's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Phoenix Copper Limited over time as well as its relative position and ranking within its peers.
Phoenix |
Phoenix Copper Market Capitalization vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Phoenix Copper's current stock value. Our valuation model uses many indicators to compare Phoenix Copper value to that of its competitors to determine the firm's financial worth. Phoenix Copper Limited is considered to be number one stock in z score category among related companies. It is considered to be number one stock in market capitalization category among related companies creating about 1,566,590 of Market Capitalization per Z Score. Comparative valuation analysis is a catch-all model that can be used if you cannot value Phoenix Copper by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Phoenix Copper's OTC 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. 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 Phoenix Copper's earnings, one of the primary drivers of an investment's value.Phoenix Market Capitalization vs. Z Score
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Phoenix Copper |
| = | 32.4 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Phoenix Copper |
| = | 50.76 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Phoenix Market Capitalization vs Competition
Phoenix Copper Limited is considered to be number one stock in market capitalization category among related companies. Market capitalization of Other Industrial Metals & Mining industry is at this time estimated at about 128.59 Million. Phoenix Copper totals roughly 50.76 Million in market capitalization claiming about 39% of all equities under Other Industrial Metals & Mining industry.
Phoenix Copper Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Phoenix Copper, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Phoenix Copper will eventually generate negative long term returns. The profitability progress is the general direction of Phoenix Copper's change in net profit over the period of time. It can combine multiple indicators of Phoenix Copper, 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.
Phoenix Copper Limited engages in the exploration and mining activities for precious and base metals primarily in North America. Phoenix Copper Limited was incorporated in 2013 and is based in Road Town, British Virgin Islands. Phoenix Global is traded on OTC Exchange in the United States.
Phoenix Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Phoenix Copper. 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 Phoenix Copper 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 Phoenix Copper's important profitability drivers and their relationship over time.
Use Phoenix Copper 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 Phoenix Copper 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 Phoenix Copper will appreciate offsetting losses from the drop in the long position's value.Phoenix Copper Pair Trading
Phoenix Copper Limited Pair Trading Analysis
The ability to find closely correlated positions to Phoenix Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phoenix Copper 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 Phoenix Copper - 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 Phoenix Copper Limited to buy it.
The correlation of Phoenix Copper 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 Phoenix Copper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phoenix Copper 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 Phoenix Copper 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 Phoenix Copper position
In addition to having Phoenix Copper 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 Apparel theme has 49 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 Apparel Theme or any other thematic opportunities.
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Complementary Tools for Phoenix OTC Stock analysis
When running Phoenix Copper's price analysis, check to measure Phoenix Copper'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 Phoenix Copper is operating at the current time. Most of Phoenix Copper's value examination focuses on studying past and present price action to predict the probability of Phoenix Copper's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Copper's price. Additionally, you may evaluate how the addition of Phoenix Copper to your portfolios can decrease your overall portfolio volatility.
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To fully project Phoenix Copper's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Phoenix Copper 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 Phoenix Copper's income statement, its balance sheet, and the statement of cash flows.