Natcore Technology Current Ratio vs. EBITDA
Based on the key profitability measurements obtained from Natcore Technology's financial statements, Natcore Technology may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in July. Profitability indicators assess Natcore Technology's ability to earn profits and add value for shareholders.
Check out Correlation Analysis.
For Natcore Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Natcore Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Natcore Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Natcore Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Natcore Technology over time as well as its relative position and ranking within its peers.
Natcore |
Natcore Technology EBITDA vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Natcore Technology's current stock value. Our valuation model uses many indicators to compare Natcore Technology value to that of its competitors to determine the firm's financial worth. Natcore Technology is rated below average in current ratio category among its peers. It is rated below average in ebitda category among its peers . 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 Natcore Technology's earnings, one of the primary drivers of an investment's value.Natcore EBITDA vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Natcore Technology |
| = | 0.14 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Natcore Technology |
| = | (1.19 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Natcore EBITDA Comparison
Natcore Technology is currently under evaluation in ebitda category among its peers.
Natcore Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Natcore Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Natcore Technology will eventually generate negative long term returns. The profitability progress is the general direction of Natcore Technology's change in net profit over the period of time. It can combine multiple indicators of Natcore Technology, 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.
Natcore Technology Inc., a research and development company, develops and owns technology for the manufacturing of solar cells. Natcore Technology Inc. was founded in 2007 and is headquartered in Delray Beach, Florida. Natcore Technology operates under Solar classification in the United States and is traded on OTC Exchange.
Natcore Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Natcore Technology. 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 Natcore Technology 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 Natcore Technology's important profitability drivers and their relationship over time.
Use Natcore Technology 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 Natcore Technology 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 Natcore Technology will appreciate offsetting losses from the drop in the long position's value.Natcore Technology Pair Trading
Natcore Technology Pair Trading Analysis
The ability to find closely correlated positions to Natcore Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Natcore Technology 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 Natcore Technology - 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 Natcore Technology to buy it.
The correlation of Natcore Technology 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 Natcore Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Natcore Technology 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 Natcore Technology 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 Natcore Technology position
In addition to having Natcore Technology 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 SPAC Thematic Idea Now
SPAC
Entities that are involved in raising capital, merging with and acquiring companies, and investing in private equity through leveraged buyouts. The SPAC theme has 25 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 SPAC Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Natcore Pink Sheet
To fully project Natcore Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Natcore Technology 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 Natcore Technology's income statement, its balance sheet, and the statement of cash flows.