Cannabusiness Market Capitalization vs. Beta
Based on Cannabusiness' profitability indicators, Cannabusiness Group may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in May. Profitability indicators assess Cannabusiness' ability to earn profits and add value for shareholders.
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For Cannabusiness profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cannabusiness to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cannabusiness Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cannabusiness's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cannabusiness Group over time as well as its relative position and ranking within its peers.
Cannabusiness |
Is Cannabusiness' 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 Cannabusiness. If investors know Cannabusiness 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 Cannabusiness listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Cannabusiness Group is measured differently than its book value, which is the value of Cannabusiness that is recorded on the company's balance sheet. Investors also form their own opinion of Cannabusiness' value that differs from its market value or its book value, called intrinsic value, which is Cannabusiness' 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 Cannabusiness' market value can be influenced by many factors that don't directly affect Cannabusiness' 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 Cannabusiness' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cannabusiness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cannabusiness' 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.
Cannabusiness Group Beta vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cannabusiness's current stock value. Our valuation model uses many indicators to compare Cannabusiness value to that of its competitors to determine the firm's financial worth. Cannabusiness Group is rated below average in market capitalization category among related companies. It is rated below average in beta category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Cannabusiness by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cannabusiness' 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 Cannabusiness' earnings, one of the primary drivers of an investment's value.Cannabusiness Market Capitalization vs. Competition
Cannabusiness Group is rated below average in market capitalization category among related companies. Market capitalization of Health Care industry is currently estimated at about 94.63 Million. Cannabusiness adds roughly 12,496 in market capitalization claiming only tiny portion of equities under Health Care industry.
Cannabusiness Beta vs. Market Capitalization
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.
Cannabusiness |
| = | 12.5 K |
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.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Cannabusiness |
| = | -93.23 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Cannabusiness Beta Comparison
Cannabusiness is currently under evaluation in beta category among related companies.
Beta Analysis
As returns on the market increase, returns on owning Cannabusiness are expected to decrease by larger amounts. On the other hand, during market turmoil, Cannabusiness is expected to outperform it.
Cannabusiness Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cannabusiness, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cannabusiness will eventually generate negative long term returns. The profitability progress is the general direction of Cannabusiness' change in net profit over the period of time. It can combine multiple indicators of Cannabusiness, 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | -938.5 K | -985.5 K | |
| Net Loss | -938.5 K | -985.5 K | |
| Income Before Tax | -938.5 K | -985.5 K | |
| Total Other Income Expense Net | 0.00 | 0.00 | |
| Net Loss | -938.5 K | -985.5 K | |
| Net Loss | -938.5 K | -985.5 K | |
| Income Tax Expense | 0.00 | 0.00 | |
| Change To Netincome | 141.7 K | 88.5 K |
Cannabusiness Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cannabusiness. 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 Cannabusiness 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 Cannabusiness' important profitability drivers and their relationship over time.
Use Cannabusiness 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 Cannabusiness 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 Cannabusiness will appreciate offsetting losses from the drop in the long position's value.Cannabusiness Pair Trading
Cannabusiness Group Pair Trading Analysis
The ability to find closely correlated positions to Cannabusiness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cannabusiness 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 Cannabusiness - 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 Cannabusiness Group to buy it.
The correlation of Cannabusiness 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 Cannabusiness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cannabusiness Group 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 Cannabusiness 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.Use Investing Themes to Complement your Cannabusiness position
In addition to having Cannabusiness 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?
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Penny
Solid stocks, funds or ETFs with below average market capitalization and typicl daily price below 2. The Penny theme has 56 constituents at this time.
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Check out Trending Equities. Note that the Cannabusiness Group information on this page should be used as a complementary analysis to other Cannabusiness' 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Cannabusiness Stock analysis
When running Cannabusiness' price analysis, check to measure Cannabusiness' 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 Cannabusiness is operating at the current time. Most of Cannabusiness' value examination focuses on studying past and present price action to predict the probability of Cannabusiness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cannabusiness' price. Additionally, you may evaluate how the addition of Cannabusiness to your portfolios can decrease your overall portfolio volatility.
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To fully project Cannabusiness' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cannabusiness Group at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cannabusiness' income statement, its balance sheet, and the statement of cash flows.