Adentra Stock Equity Positions Weight
| ADEN Stock | 42.00 0.03 0.07% |
ADENTRA fundamentals help investors to digest information that contributes to ADENTRA's financial success or failures. It also enables traders to predict the movement of ADENTRA Stock. The fundamental analysis module provides a way to measure ADENTRA'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 ADENTRA stock.
ADENTRA | Equity Positions Weight |
ADENTRA Company Equity Positions Weight Analysis
ADENTRA's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
ADENTRA Equity Positions Weight Driver Correlations
Understanding the fundamental principles of building solid financial models for ADENTRA is extremely important. It helps to project a fair market value of ADENTRA Stock properly, considering its historical fundamentals such as Equity Positions Weight. Since ADENTRA'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 ADENTRA'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 ADENTRA's interrelated accounts and indicators.
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Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, ADENTRA has an Equity Positions Weight of 0.0%. This indicator is about the same for the Trading Companies & Distributors average (which is currently at 0.0) sector and about the same as Industrials (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
ADENTRA Current Valuation Drivers
We derive many important indicators used in calculating different scores of ADENTRA from analyzing ADENTRA's financial statements. These drivers represent accounts that assess ADENTRA's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ADENTRA's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 348.5M | 536.1M | 753.6M | 451.8M | 539.6M | 566.5M | |
| Enterprise Value | 513.2M | 702.2M | 1.3B | 1.2B | 1.3B | 1.3B |
ADENTRA Fundamentals
| Return On Equity | 0.0697 | ||||
| Return On Asset | 0.0434 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 1.49 B | ||||
| Shares Outstanding | 22.43 M | ||||
| Shares Owned By Insiders | 21.05 % | ||||
| Shares Owned By Institutions | 17.19 % | ||||
| Number Of Shares Shorted | 42.06 K | ||||
| Price To Book | 1.31 X | ||||
| Price To Sales | 0.42 X | ||||
| Revenue | 2.58 B | ||||
| Gross Profit | 556.75 M | ||||
| EBITDA | 262.89 M | ||||
| Net Income | 128.67 M | ||||
| Cash And Equivalents | 7.76 M | ||||
| Total Debt | 789.86 M | ||||
| Book Value Per Share | 23.49 X | ||||
| Cash Flow From Operations | 210.69 M | ||||
| Short Ratio | 0.53 X | ||||
| Earnings Per Share | 2.18 X | ||||
| Target Price | 50.67 | ||||
| Number Of Employees | 2.83 K | ||||
| Beta | 1.59 | ||||
| Market Capitalization | 942.11 M | ||||
| Total Asset | 1.43 B | ||||
| Retained Earnings | 265.33 M | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 1.43 B | ||||
| Last Dividend Paid | 0.4 |
About ADENTRA Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ADENTRA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ADENTRA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ADENTRA 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.
Pair Trading with ADENTRA
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 ADENTRA 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 ADENTRA will appreciate offsetting losses from the drop in the long position's value.Moving together with ADENTRA Stock
| 0.85 | LCX | Lycos Energy | PairCorr |
Moving against ADENTRA Stock
| 0.92 | FLOW | Flow Beverage Corp | PairCorr |
The ability to find closely correlated positions to ADENTRA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ADENTRA 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 ADENTRA - 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 ADENTRA to buy it.
The correlation of ADENTRA 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 ADENTRA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ADENTRA 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 ADENTRA 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 ADENTRA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for ADENTRA Stock analysis
When running ADENTRA's price analysis, check to measure ADENTRA'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 ADENTRA is operating at the current time. Most of ADENTRA's value examination focuses on studying past and present price action to predict the probability of ADENTRA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ADENTRA's price. Additionally, you may evaluate how the addition of ADENTRA to your portfolios can decrease your overall portfolio volatility.
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