Arena Group Holdings Stock Piotroski F Score
| AREN Stock | USD 2.94 0.18 5.77% |
Arena | Piotroski F Score |
At this time, it appears that Arena Group's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1 | Current Return On Assets | Negative | Focus |
2 | Change in Return on Assets | Decreased | Focus |
3 | Cash Flow Return on Assets | Negative | Focus |
4 | Current Quality of Earnings (accrual) | Improving | Focus |
5 | Asset Turnover Growth | Decrease | Focus |
6 | Current Ratio Change | Increase | Focus |
7 | Long Term Debt Over Assets Change | Lower Leverage | Focus |
8 | Change In Outstending Shares | Increase | Focus |
9 | Change in Gross Margin | Increase | Focus |
Arena Group Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Arena Group is to make sure Arena is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Arena Group's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Arena Group's financial numbers are properly reported.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Weighted Average Shares Diluted | 19 M | 17.6 M |
|
| |||||
| Weighted Average Shares | 19 M | 17.6 M |
|
| |||||
| Return on Average Assets | (0.42) | (0.389) |
|
| |||||
| Current Liabilities | 233.4 M | 216.4 M |
|
| |||||
| Total Liabilities | 261.8 M | 242.7 M |
|
| |||||
| Gross Margin | 0.43 | 0.398 |
|
| |||||
| Total Debt | 95.8 M | 115.4 M |
|
| |||||
| Asset Turnover | 0.99 | 1.212 |
|
| |||||
| Current Assets | 84.9 M | 78.7 M |
|
| |||||
| Total Assets | 219.8 M | 203.7 M |
|
|
Arena Group Holdings F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Arena Group's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Arena Group in a much-optimized way.
Click cells to compare fundamentals
About Arena Group Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.Book Value per Share |
|
Arena Group Current Valuation Drivers
We derive many important indicators used in calculating different scores of Arena Group from analyzing Arena Group's financial statements. These drivers represent accounts that assess Arena Group's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Arena Group's important valuation drivers and their relationship over time.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 (projected) | ||
| Average Assets | 18.7M | 117.1M | 202.6M | 197.9M | 182.2M | 196.6M | |
| Earnings Before Interest Taxes and Depreciation Amortization EBITDA | (21.2M) | (36.8M) | (47.7M) | (56.0M) | (33.4M) | (34.3M) | |
| Earnings Before Interest Taxes and Depreciation Amortization USD | (21.2M) | (36.8M) | (47.7M) | (56.0M) | (33.4M) | (34.3M) | |
| Earnings before Tax | (26.2M) | (58.0M) | (89.0M) | (91.6M) | (71.9M) | (73.8M) | |
| Average Equity | (2.2M) | (23.9M) | (60.5M) | (43.0M) | (38.8M) | (39.8M) | |
| Enterprise Value | 18.8M | 35.5M | 22.6M | 232.6M | 270.5M | 291.8M | |
| Free Cash Flow | (9.6M) | (59.6M) | (37.3M) | (19.9M) | (17.0M) | (18.4M) | |
| Invested Capital | (5.3M) | 48.9M | 92.4M | 44.7M | (20.3M) | (20.8M) | |
| Invested Capital Average | 1.4M | 21.8M | 84.7M | 63.0M | 28.5M | 27.1M | |
| Market Capitalization | 16.1M | 29.6M | 23.4M | 169.1M | 193.6M | 208.9M | |
| Tangible Asset Value | 9.7M | 83.6M | 119.2M | 87.7M | 95.1M | 102.6M | |
| Working Capital | (12.0M) | (39.4M) | (33.7M) | (38.7M) | (137.7M) | (141.3M) |
About Arena Group Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Arena Group Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Arena Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Arena Group Holdings 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.The Arena Group Holdings, Inc., together with its subsidiaries, operates digital media platform the United States and internationally. The Arena Group Holdings, Inc. was incorporated in 1990 and is based in New York, New York. Arena operates under Internet Content Information classification in the United States and is traded on AMEX Exchange. It employs 333 people.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Arena Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
| All Next | Launch Module |
Pair Trading with Arena Group
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 Arena Group 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 Arena Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Arena Stock
| + | 0.7 | OB | Outbrain | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.82 | TC | TuanChe ADR | PairCorr |
Moving against Arena Stock
| - | 0.86 | TME | Tencent Music Entert | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.67 | EVER | EverQuote Class A | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.6 | MAX | MediaAlpha | Fiscal Quarter End 31st of December 2023 | PairCorr |
The ability to find closely correlated positions to Arena Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arena Group 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 Arena Group - 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 Arena Group Holdings to buy it.
The correlation of Arena Group is a statistical measure of how it moves in relation to other equities. 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 Arena Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arena Group Holdings 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 Arena Group 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 Arena Group Altman Z Score, Arena Group Correlation, Arena Group Valuation, as well as analyze Arena Group Alpha and Beta and Arena Group Hype Analysis. Note that the Arena Group Holdings information on this page should be used as a complementary analysis to other Arena Group'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Arena Stock analysis
When running Arena Group's price analysis, check to measure Arena Group'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 Arena Group is operating at the current time. Most of Arena Group's value examination focuses on studying past and present price action to predict the probability of Arena Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Arena Group's price. Additionally, you may evaluate how the addition of Arena Group to your portfolios can decrease your overall portfolio volatility.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
Is Arena Group'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 Arena Group. If investors know Arena 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 Arena Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.92) | Revenue Per Share 11.313 | Quarterly Revenue Growth 0.107 | Return On Assets (0.15) |
The market value of Arena Group Holdings is measured differently than its book value, which is the value of Arena that is recorded on the company's balance sheet. Investors also form their own opinion of Arena Group's value that differs from its market value or its book value, called intrinsic value, which is Arena Group'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 Arena Group's market value can be influenced by many factors that don't directly affect Arena Group'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 Arena Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Arena Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Arena Group'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.