Cannabusiness Market Capitalization vs. Gross Profit

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 April. Profitability indicators assess Cannabusiness' ability to earn profits and add value for shareholders.
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.
  
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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 Gross Profit 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 number one stock in gross profit category among related companies fabricating about  51.76  of Gross Profit per Market Capitalization. As of now, Cannabusiness' Gross Profit is decreasing as compared to previous years.. 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 63.65 Billion. Cannabusiness adds roughly 12,496 in market capitalization claiming only tiny portion of equities under Health Care industry.
Capitalization  Valuation  Workforce  Revenue  Total debt

Cannabusiness Gross Profit 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

Market Cap

 = 

Shares Outstanding

X

Share Price

 = 
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.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Cannabusiness

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
646.84 K
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Cannabusiness Gross Profit Comparison

Cannabusiness is currently under evaluation in gross profit category among related companies.

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 ReportedProjected for 2024
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 Netincome141.7 K88.5 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.
Pair CorrelationCorrelation Matching

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.

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Run Industrials ETFs Thematic Idea Now

Industrials ETFs
Industrials ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Industrials ETFs theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Industrials ETFs Theme or any other thematic opportunities.
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When determining whether Cannabusiness Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cannabusiness' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cannabusiness Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cannabusiness Group Stock:
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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 Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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.
Potential Cannabusiness investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Cannabusiness investors may work on each financial statement separately, they are all related. The changes in Cannabusiness's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Cannabusiness's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.