Achieve Life Sciences Stock Return On Asset
ACHV Stock | USD 4.57 0.19 4.34% |
Achieve Life Sciences fundamentals help investors to digest information that contributes to Achieve Life's financial success or failures. It also enables traders to predict the movement of Achieve Stock. The fundamental analysis module provides a way to measure Achieve Life'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 Achieve Life stock.
Return On Assets is likely to climb to -1.46 in 2024. Achieve | Return On Asset |
Achieve Life Sciences Company Return On Asset Analysis
Achieve Life's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Achieve Life Return On Asset | -0.69 |
Most of Achieve Life's fundamental indicators, such as Return On Asset, 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, Achieve Life Sciences is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Achieve Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Achieve Life is extremely important. It helps to project a fair market value of Achieve Stock properly, considering its historical fundamentals such as Return On Asset. Since Achieve Life's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Achieve Life's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Achieve Life's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition |
Achieve Total Assets
Total Assets |
|
Based on the latest financial disclosure, Achieve Life Sciences has a Return On Asset of -0.6903. This is 92.11% lower than that of the Biotechnology sector and 97.07% lower than that of the Health Care industry. The return on asset for all United States stocks is notably higher than that of the company.
Achieve Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Achieve Life's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Achieve Life could also be used in its relative valuation, which is a method of valuing Achieve Life by comparing valuation metrics of similar companies.Achieve Life is currently under evaluation in return on asset category among related companies.
Achieve Fundamentals
Return On Equity | -8.7 | ||||
Return On Asset | -0.69 | ||||
Current Valuation | 157.72 M | ||||
Shares Outstanding | 34.25 M | ||||
Shares Owned By Insiders | 9.28 % | ||||
Shares Owned By Institutions | 26.48 % | ||||
Number Of Shares Shorted | 717.49 K | ||||
Price To Earning | (0.03) X | ||||
Price To Book | 38.55 X | ||||
EBITDA | (27.02 M) | ||||
Net Income | (29.82 M) | ||||
Cash And Equivalents | 29.38 M | ||||
Cash Per Share | 3.03 X | ||||
Total Debt | 16.73 M | ||||
Debt To Equity | 1.18 % | ||||
Current Ratio | 5.81 X | ||||
Book Value Per Share | (0.07) X | ||||
Cash Flow From Operations | (24.48 M) | ||||
Short Ratio | 4.18 X | ||||
Earnings Per Share | (1.50) X | ||||
Target Price | 19.75 | ||||
Number Of Employees | 22 | ||||
Beta | 1.28 | ||||
Market Capitalization | 156.53 M | ||||
Total Asset | 19.37 M | ||||
Retained Earnings | (165.75 M) | ||||
Working Capital | (3.83 M) | ||||
Current Asset | 22.54 M | ||||
Current Liabilities | 9.1 M | ||||
Net Asset | 19.37 M |
About Achieve Life Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Achieve Life Sciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Achieve Life using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Achieve Life Sciences 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 Achieve Life 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, Achieve Life's short interest history, or implied volatility extrapolated from Achieve Life options trading.
Pair Trading with Achieve Life
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 Achieve Life 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 Achieve Life will appreciate offsetting losses from the drop in the long position's value.Moving against Achieve Stock
0.53 | PBYI | Puma Biotechnology Financial Report 2nd of May 2024 | PairCorr |
0.42 | IOVA | Iovance Biotherapeutics Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Achieve Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Achieve Life 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 Achieve Life - 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 Achieve Life Sciences to buy it.
The correlation of Achieve Life 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 Achieve Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Achieve Life Sciences 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 Achieve Life 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 Achieve Life Piotroski F Score and Achieve Life Altman Z Score analysis. Note that the Achieve Life Sciences information on this page should be used as a complementary analysis to other Achieve Life'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Achieve Stock analysis
When running Achieve Life's price analysis, check to measure Achieve Life'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 Achieve Life is operating at the current time. Most of Achieve Life's value examination focuses on studying past and present price action to predict the probability of Achieve Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Achieve Life's price. Additionally, you may evaluate how the addition of Achieve Life to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
Is Achieve Life's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Achieve Life. If investors know Achieve will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Achieve Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.50) | Return On Assets (0.69) | Return On Equity (8.70) |
The market value of Achieve Life Sciences is measured differently than its book value, which is the value of Achieve that is recorded on the company's balance sheet. Investors also form their own opinion of Achieve Life's value that differs from its market value or its book value, called intrinsic value, which is Achieve Life's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Achieve Life's market value can be influenced by many factors that don't directly affect Achieve Life's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Achieve Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if Achieve Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Achieve Life'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.