Allied Corp Stock Fundamentals
| ALID Stock | USD 0.14 0.03 17.65% |
Allied Corp fundamentals help investors to digest information that contributes to Allied Corp's financial success or failures. It also enables traders to predict the movement of Allied OTC Stock. The fundamental analysis module provides a way to measure Allied Corp'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 Allied Corp otc stock.
Allied |
Allied Corp OTC Stock Shares Outstanding Analysis
Allied Corp's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Allied Corp Shares Outstanding | 97.04 M |
Most of Allied Corp's fundamental indicators, such as Shares Outstanding, 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, Allied Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Allied Corp has 97.04 M of shares currently outstending. This is 46.25% lower than that of the Healthcare sector and significantly higher than that of the Drug Manufacturers—Specialty & Generic industry. The shares outstanding for all United States stocks is 83.03% higher than that of the company.
Allied Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Allied Corp's current stock value. Our valuation model uses many indicators to compare Allied Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Allied Corp competition to find correlations between indicators driving Allied Corp's intrinsic value. More Info.Allied Corp is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Allied Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Allied Corp's OTC 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 Allied Corp's earnings, one of the primary drivers of an investment's value.Allied Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allied Corp's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Allied Corp could also be used in its relative valuation, which is a method of valuing Allied Corp by comparing valuation metrics of similar companies.Allied Corp is currently under evaluation in shares outstanding category among related companies.
Allied Fundamentals
| Return On Equity | -43.44 | |||
| Return On Asset | -0.65 | |||
| Operating Margin | (26.04) % | |||
| Current Valuation | 27.14 M | |||
| Shares Outstanding | 97.04 M | |||
| Shares Owned By Insiders | 53.29 % | |||
| Price To Book | 52.50 X | |||
| Price To Sales | 130.80 X | |||
| Revenue | 165.6 K | |||
| Gross Profit | 74.12 K | |||
| EBITDA | (14.22 M) | |||
| Net Income | (15.54 M) | |||
| Cash And Equivalents | 80.69 K | |||
| Total Debt | 4.81 M | |||
| Debt To Equity | 1.19 % | |||
| Current Ratio | 0.05 X | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | (4.28 M) | |||
| Earnings Per Share | (0.21) X | |||
| Beta | 0.25 | |||
| Market Capitalization | 29.06 M | |||
| Total Asset | 5.79 M | |||
| Z Score | -3.0 | |||
| Net Asset | 5.79 M |
About Allied Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allied Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allied Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allied Corp based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.Allied Corp., a medical cannabis production company, engages in the research, development, and production of cannabinoid health solutions in the United States. The company was incorporated in 2013 and is headquartered in Kelowna, Canada. ALLIED CORP is traded on OTC Exchange in the United States.
Pair Trading with Allied Corp
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 Allied Corp 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 Allied Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Allied OTC Stock
| 0.81 | TAK | Takeda Pharmaceutical Financial Report 9th of May 2024 | PairCorr |
| 0.68 | TKPHF | Takeda Pharmaceutical | PairCorr |
| 0.67 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.57 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.49 | ESALY | Eisai Co | PairCorr |
The ability to find closely correlated positions to Allied Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allied Corp 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 Allied Corp - 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 Allied Corp to buy it.
The correlation of Allied Corp 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 Allied Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allied Corp 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 Allied Corp 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 Allied Corp. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Allied OTC Stock analysis
When running Allied Corp's price analysis, check to measure Allied Corp'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 Allied Corp is operating at the current time. Most of Allied Corp's value examination focuses on studying past and present price action to predict the probability of Allied Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allied Corp's price. Additionally, you may evaluate how the addition of Allied Corp to your portfolios can decrease your overall portfolio volatility.
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