Libbey Current Ratio vs. Market Capitalization

Based on the key profitability measurements obtained from Libbey's financial statements, Libbey Inc may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess Libbey's ability to earn profits and add value for shareholders.
For Libbey profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Libbey to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Libbey Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Libbey's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Libbey Inc over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Please note, there is a significant difference between Libbey's value and its price as these two are different measures arrived at by different means. Investors typically determine if Libbey is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Libbey'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.

Libbey Inc Market Capitalization vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Libbey's current stock value. Our valuation model uses many indicators to compare Libbey value to that of its competitors to determine the firm's financial worth.
Libbey Inc is currently regarded as number one stock in current ratio category among related companies. It is currently regarded as number one stock in market capitalization category among related companies creating about  10,884,848  of Market Capitalization per Current Ratio. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Libbey by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Libbey'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 Libbey's earnings, one of the primary drivers of an investment's value.

Libbey Market Capitalization 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.

Libbey

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
1.65 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).
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.

Libbey

Market Cap

 = 

Shares Outstanding

X

Share Price

 = 
17.96 M
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.

Libbey Market Capitalization vs Competition

Libbey Inc is currently regarded as number one stock in market capitalization category among related companies. Market capitalization of Furnishings, Fixtures & Appliances industry is now estimated at about 369.8 Billion. Libbey adds roughly 17.96 Million in market capitalization claiming only tiny portion of equities under Furnishings, Fixtures & Appliances industry.
Capitalization  Total debt  Revenue  Workforce  Valuation

Libbey Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Libbey, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Libbey will eventually generate negative long term returns. The profitability progress is the general direction of Libbey's change in net profit over the period of time. It can combine multiple indicators of Libbey, 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.
Libbey Inc. designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. On June 1, 2020, Libbey Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Libbey operates under Furnishings, Fixtures Appliances classification in the United States and is traded on American Stock Exchange. It employs 5872 people.

Libbey Profitability Driver Comparison

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

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

Libbey Pair Trading

Libbey Inc Pair Trading Analysis

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

In addition to having Libbey 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 Large Blend Funds Thematic Idea Now

Large Blend Funds
Large Blend Funds Theme
Fund or Etfs that invest in stocks of large organizations that have characteristics of both growth and value companies. The Large Blend Funds theme has 45 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 Large Blend Funds Theme or any other thematic opportunities.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Libbey Inc information on this page should be used as a complementary analysis to other Libbey's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Other Consideration for investing in Libbey Stock

If you are still planning to invest in Libbey Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Libbey's history and understand the potential risks before investing.
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