OMINECA MINING Current Ratio vs. Price to Earning

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

OMINECA MINING AND Price to Earning vs. Current Ratio Fundamental Analysis

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

OMINECA Price to Earning 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.
OMINECA MINING 
Current Ratio 
 = 
Current Asset 
Current Liabilities 
0.37 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).
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
OMINECA MINING 
P/E 
 = 
Market Value Per Share 
Earnings Per Share 
(3.18) X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

OMINECA MINING Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in OMINECA MINING, profitability is also one of the essential criteria for including it into their portfolios because, without profit, OMINECA MINING will eventually generate negative long term returns. The profitability progress is the general direction of OMINECA MINING's change in net profit over the period of time. It can combine multiple indicators of OMINECA 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.
Omineca Mining and Metals Ltd., a junior resource company, explores for and develops mineral resources in Canada. Omineca Mining and Metals Ltd. is a subsidiary of 49 North Resources Inc. OMINECA MINING is traded on TSX Venture Exchange in Canada.

OMINECA Profitability Driver Comparison

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

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

OMINECA MINING Pair Trading

OMINECA MINING AND Pair Trading Analysis

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

In addition to having OMINECA 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.

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Run Exotic Thematic Idea Now

Exotic
Exotic Theme
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic theme has 40 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 Exotic Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Other Tools for OMINECA Stock

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