Apex Resources Current Ratio vs. Net Asset
| SLMLF Stock | USD 0.05 0.00 0.00% |
For Apex Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Apex Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Apex Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Apex Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Apex Resources over time as well as its relative position and ranking within its peers.
Apex |
Apex Resources Net Asset vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Apex Resources's current stock value. Our valuation model uses many indicators to compare Apex Resources value to that of its competitors to determine the firm's financial worth. Apex Resources is rated below average in current ratio category among related companies. It is rated below average in net asset category among related companies making up about 2,064,315 of Net Asset per Current Ratio. Comparative valuation analysis is a catch-all model that can be used if you cannot value Apex Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Apex Resources' Pink Sheet. 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 Apex Resources' earnings, one of the primary drivers of an investment's value.Apex Net Asset 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.
Apex Resources |
| = | 1.49 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).
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Apex Resources |
| = | 3.08 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Apex Net Asset Comparison
Apex Resources is currently under evaluation in net asset category among related companies.
Apex Resources Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Apex Resources, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Apex Resources will eventually generate negative long term returns. The profitability progress is the general direction of Apex Resources' change in net profit over the period of time. It can combine multiple indicators of Apex Resources, 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.
Apex Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in Canada. The company was formerly known as Sultan Minerals Inc. and changed its name to Apex Resources Inc. in July 2016. Apex Resources operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Apex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Apex Resources. 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 Apex Resources 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 Apex Resources' important profitability drivers and their relationship over time.
Use Apex Resources 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 Apex Resources 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 Apex Resources will appreciate offsetting losses from the drop in the long position's value.Apex Resources Pair Trading
Apex Resources Pair Trading Analysis
The ability to find closely correlated positions to Apex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Apex Resources 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 Apex Resources - 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 Apex Resources to buy it.
The correlation of Apex Resources 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 Apex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apex Resources 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 Apex Resources 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 Apex Resources position
In addition to having Apex Resources 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 Rubber and Plastic Products Thematic Idea Now
Rubber and Plastic Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Rubber and Plastic Products theme has 27 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 Rubber and Plastic Products Theme or any other thematic opportunities.
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When running Apex Resources' price analysis, check to measure Apex Resources' 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 Apex Resources is operating at the current time. Most of Apex Resources' value examination focuses on studying past and present price action to predict the probability of Apex Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apex Resources' price. Additionally, you may evaluate how the addition of Apex Resources to your portfolios can decrease your overall portfolio volatility.
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To fully project Apex Resources' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Apex Resources 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 Apex Resources' income statement, its balance sheet, and the statement of cash flows.