Cardax Inc Stock Price To Earning
| CDXI Stock | USD 0.0002 0.00 0.00% |
Cardax Inc fundamentals help investors to digest information that contributes to Cardax's financial success or failures. It also enables traders to predict the movement of Cardax Pink Sheet. The fundamental analysis module provides a way to measure Cardax's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cardax pink sheet.
Cardax |
Cardax Inc Company Price To Earning Analysis
Cardax's 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.
Current Cardax Price To Earning | (22.00) X |
Most of Cardax's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Cardax Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Cardax Inc has a Price To Earning of -22.0 times. This is 185.14% lower than that of the Pharmaceuticals sector and notably lower than that of the Health Care industry. The price to earning for all United States stocks is 176.6% higher than that of the company.
Cardax Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cardax's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Cardax could also be used in its relative valuation, which is a method of valuing Cardax by comparing valuation metrics of similar companies.Cardax is currently under evaluation in price to earning category among related companies.
Cardax Fundamentals
| Return On Asset | -1.13 | |||
| Operating Margin | (5.85) % | |||
| Current Valuation | 5.34 M | |||
| Shares Outstanding | 802.52 K | |||
| Price To Earning | (22.00) X | |||
| Price To Sales | 0.0008 X | |||
| Revenue | 538.95 K | |||
| Gross Profit | 342.82 K | |||
| EBITDA | (2.64 M) | |||
| Net Income | (5.06 M) | |||
| Cash And Equivalents | 61.71 K | |||
| Cash Per Share | 0.08 X | |||
| Total Debt | 1000 K | |||
| Debt To Equity | (1.23) % | |||
| Current Ratio | 0.09 X | |||
| Book Value Per Share | (14.15) X | |||
| Cash Flow From Operations | (1.79 M) | |||
| Earnings Per Share | (7.08) X | |||
| Target Price | 1.0 | |||
| Number Of Employees | 10 | |||
| Beta | 0.47 | |||
| Market Capitalization | 161 | |||
| Total Asset | 1.43 M | |||
| Retained Earnings | (72.33 M) | |||
| Working Capital | (4.19 M) | |||
| Current Asset | 413.66 K | |||
| Current Liabilities | 4.6 M | |||
| Z Score | -75.7 | |||
| Net Asset | 1.43 M |
About Cardax Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cardax Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cardax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cardax Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cardax in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cardax's short interest history, or implied volatility extrapolated from Cardax options trading.
Pair Trading with Cardax
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 Cardax 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 Cardax will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cardax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cardax 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 Cardax - 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 Cardax Inc to buy it.
The correlation of Cardax 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 Cardax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardax Inc 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 Cardax 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardax Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Cardax Pink Sheet analysis
When running Cardax's price analysis, check to measure Cardax'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 Cardax is operating at the current time. Most of Cardax's value examination focuses on studying past and present price action to predict the probability of Cardax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cardax's price. Additionally, you may evaluate how the addition of Cardax to your portfolios can decrease your overall portfolio volatility.
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