O3 MiningInc Current Ratio vs. Short Ratio

For O3 MiningInc profitability analysis, we use financial ratios and fundamental drivers that measure the ability of O3 MiningInc to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well O3 MiningInc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between O3 MiningInc's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of O3 MiningInc 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 MiningInc's value and its price as these two are different measures arrived at by different means. Investors typically determine O3 MiningInc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, O3 MiningInc'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 MiningInc Short Ratio vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining O3 MiningInc's current stock value. Our valuation model uses many indicators to compare O3 MiningInc value to that of its competitors to determine the firm's financial worth.
O3 MiningInc is considered to be number one stock in current ratio category among related companies. It is considered to be number one stock in short ratio category among related companies fabricating about  0.45  of Short Ratio per Current Ratio. The ratio of Current Ratio to Short Ratio for O3 MiningInc is roughly  2.22 . Comparative valuation analysis is a catch-all model that can be used if you cannot value O3 MiningInc by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for O3 MiningInc'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 MiningInc's earnings, one of the primary drivers of an investment's value.

O3 MiningInc Short Ratio 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 MiningInc 
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).
Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
O3 MiningInc 
Short Ratio 
 = 
Short Interest 
Average Trading Volume 
1.55 X
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.

O3 MiningInc Short Ratio Comparison

O3 MiningInc is currently under evaluation in short ratio category among related companies.

O3 MiningInc Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in O3 MiningInc, profitability is also one of the essential criteria for including it into their portfolios because, without profit, O3 MiningInc will eventually generate negative long term returns. The profitability progress is the general direction of O3 MiningInc's change in net profit over the period of time. It can combine multiple indicators of O3 MiningInc, 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 MiningInc Profitability Driver Comparison

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

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

O3 MiningInc Pair Trading

O3 MiningInc Pair Trading Analysis

The ability to find closely correlated positions to International Paper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Paper 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 International Paper - 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 International Paper to buy it.
The correlation of International Paper 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 International Paper moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Paper 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 International Paper 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 MiningInc position

In addition to having O3 MiningInc 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.

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Run Tech Growth Thematic Idea Now

Tech Growth
Tech Growth Theme
Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 64 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 Tech Growth Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Other Tools for O3 MiningInc Stock

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