O3 MINING Current Ratio vs. Earnings Per Share

For O3 MINING profitability analysis, we use financial ratios and fundamental drivers that measure the ability of O3 MINING to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well O3 MINING INC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between O3 MINING's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of O3 MINING INC over time as well as its relative position and ranking within its peers. Check out Your Equity Center.
  
Please note, there is a significant difference between O3 MINING's value and its price as these two are different measures arrived at by different means. Investors typically determine O3 MINING value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, O3 MINING'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.

O3 MINING INC Earnings Per Share vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining O3 MINING's current stock value. Our valuation model uses many indicators to compare O3 MINING value to that of its competitors to determine the firm's financial worth.
O3 MINING INC is considered to be number one stock in current ratio category among related companies. It is considered to be number one stock in earnings per share category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value O3 MINING by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for O3 MINING'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. 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 O3 MINING's earnings, one of the primary drivers of an investment's value.

O3 MINING Earnings Per Share vs. Current Ratio

Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
O3 MINING 
Current Ratio 
 = 
Current Asset 
Current Liabilities 
3.44 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
O3 MINING 
Earnings per Share 
 = 
Earnings 
Average Shares 
(0.85) X
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.

O3 MINING Earnings Per Share Comparison

O3 MINING is currently under evaluation in earnings per share category among related companies.

O3 MINING Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in O3 MINING, profitability is also one of the essential criteria for including it into their portfolios because, without profit, O3 MINING will eventually generate negative long term returns. The profitability progress is the general direction of O3 MINING's change in net profit over the period of time. It can combine multiple indicators of O3 MINING, 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.
O3 Mining Inc. engages in the acquisition, exploration, and development of mining properties in Canada. The company holds interests in the Marban project, Garrison project, and various exploration properties in Ontario and Qubec. O3 MINING is traded on TSX Venture Exchange in Canada.

O3 MINING Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on O3 MINING. 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 O3 MINING 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 O3 MINING's important profitability drivers and their relationship over time.

Use O3 MINING 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 O3 MINING 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 O3 MINING will appreciate offsetting losses from the drop in the long position's value.

O3 MINING Pair Trading

O3 MINING INC Pair Trading Analysis

The ability to find closely correlated positions to Murphy Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Murphy Oil 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 Murphy Oil - 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 Murphy Oil Corp to buy it.
The correlation of Murphy Oil is a statistical measure of how it moves in relation to other equities. 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 Murphy Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murphy Oil 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 Murphy Oil 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your O3 MINING position

In addition to having O3 MINING 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 Gambling Thematic Idea Now

Gambling
Gambling Theme
Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. The Gambling 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 Gambling Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Other Tools for O3 MINING Stock

When running O3 MINING INC price analysis, check to measure O3 MINING'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 O3 MINING is operating at the current time. Most of O3 MINING's value examination focuses on studying past and present price action to predict the probability of O3 MINING's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move O3 MINING's price. Additionally, you may evaluate how the addition of O3 MINING to your portfolios can decrease your overall portfolio volatility.
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