Greenway Technologies Current Valuation vs. Z Score
| GWTI Stock | USD 0.027 0.003 10.00% |
For Greenway Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Greenway Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Greenway Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Greenway Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Greenway Technologies over time as well as its relative position and ranking within its peers.
Greenway |
Greenway Technologies Z Score vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Greenway Technologies's current stock value. Our valuation model uses many indicators to compare Greenway Technologies value to that of its competitors to determine the firm's financial worth. Greenway Technologies is rated as one of the top companies in current valuation category among related companies. It is one of the top stocks in z score category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value Greenway Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Greenway Technologies' 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 Greenway Technologies' earnings, one of the primary drivers of an investment's value.Greenway Current Valuation vs. Competition
Greenway Technologies is rated as one of the top companies in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Energy industry is currently estimated at about 660.08 Billion. Greenway Technologies adds roughly 7.42 Million in current valuation claiming only tiny portion of equities under Energy industry.
Greenway Z Score vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Greenway Technologies |
| = | 7.42 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Greenway Technologies |
| = | -62.1 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Greenway Z Score Comparison
Greenway Technologies is currently under evaluation in z score category among related companies.
Greenway Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Greenway Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Greenway Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Greenway Technologies' change in net profit over the period of time. It can combine multiple indicators of Greenway Technologies, 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.
Greenway Technologies, Inc., through its subsidiary, Greenway Innovative Energy, Inc., engages in the research, development, and commercialization of gas-to-liquids syngas conversion systems to meet individual natural gas fieldresource requirements. The company was formerly known as UMED Holdings, Inc. and changed its name to Greenway Technologies, Inc. in June 2017. Greenway Technologies operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 2 people.
Greenway Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Greenway Technologies. 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 Greenway Technologies 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 Greenway Technologies' important profitability drivers and their relationship over time.
Use Greenway Technologies 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 Greenway Technologies 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 Greenway Technologies will appreciate offsetting losses from the drop in the long position's value.Greenway Technologies Pair Trading
Greenway Technologies Pair Trading Analysis
The ability to find closely correlated positions to Greenway Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greenway Technologies 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 Greenway Technologies - 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 Greenway Technologies to buy it.
The correlation of Greenway Technologies 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 Greenway Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greenway Technologies 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 Greenway Technologies 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 Greenway Technologies position
In addition to having Greenway Technologies 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?
Run Latest Gainers Thematic Idea Now
Latest Gainers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 130 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 Latest Gainers Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Greenway OTC Stock analysis
When running Greenway Technologies' price analysis, check to measure Greenway Technologies' 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 Greenway Technologies is operating at the current time. Most of Greenway Technologies' value examination focuses on studying past and present price action to predict the probability of Greenway Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenway Technologies' price. Additionally, you may evaluate how the addition of Greenway Technologies to your portfolios can decrease your overall portfolio volatility.
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To fully project Greenway Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Greenway Technologies 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 Greenway Technologies' income statement, its balance sheet, and the statement of cash flows.