Cnova NV Price To Sales vs. Beta
| CNVAFDelisted Stock | USD 2.95 0.00 0.00% |
For Cnova NV profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cnova NV to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cnova NV utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cnova NV's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cnova NV over time as well as its relative position and ranking within its peers.
Cnova |
Cnova NV Beta vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cnova NV's current stock value. Our valuation model uses many indicators to compare Cnova NV value to that of its competitors to determine the firm's financial worth. Cnova NV is rated third in price to sales category among its peers. It also is rated third in beta category among its peers totaling about 1.01 of Beta per Price To Sales. 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 Cnova NV's earnings, one of the primary drivers of an investment's value.Cnova Beta vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Cnova NV |
| = | 0.65 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
Cnova NV |
| = | 0.66 |
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.
Cnova Beta Comparison
Cnova NV is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, Cnova NV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cnova NV is expected to be smaller as well.
Cnova NV Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cnova NV, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cnova NV will eventually generate negative long term returns. The profitability progress is the general direction of Cnova NV's change in net profit over the period of time. It can combine multiple indicators of Cnova NV, 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.
Cnova N.V. operates as an e-commerce company in France and Western Europe. Cnova N.V. is a subsidiary of Casino, Guichard-Perrachon S.A. Cnova NV is traded on OTC Exchange in the United States.
Cnova Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cnova NV. 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 Cnova NV 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 Cnova NV's important profitability drivers and their relationship over time.
Use Cnova NV 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 Cnova NV 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 Cnova NV will appreciate offsetting losses from the drop in the long position's value.Cnova NV Pair Trading
Cnova NV Pair Trading Analysis
The ability to find closely correlated positions to Cnova NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cnova NV 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 Cnova NV - 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 Cnova NV to buy it.
The correlation of Cnova NV 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 Cnova NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cnova NV 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 Cnova NV 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 Cnova NV position
In addition to having Cnova NV 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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Commodities Funds
Funds or Etfs investing in commodities such as oil, gold, corn, soy, and agricultural goods. The Commodities Funds theme has 46 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 Commodities Funds Theme or any other thematic opportunities.
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Other Consideration for investing in Cnova Pink Sheet
If you are still planning to invest in Cnova NV check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Cnova NV's history and understand the potential risks before investing.
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