Purecycle Technologies Net Asset vs. Beta
| PCTTU Stock | USD 7.35 0.00 0.00% |
For Purecycle Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Purecycle Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Purecycle Technologies Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Purecycle Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Purecycle Technologies Holdings over time as well as its relative position and ranking within its peers.
Purecycle |
Is Purecycle Technologies' 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 Purecycle Technologies. If investors know Purecycle 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 Purecycle Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Return On Assets (0.07) | Return On Equity (0.22) |
The market value of Purecycle Technologies is measured differently than its book value, which is the value of Purecycle that is recorded on the company's balance sheet. Investors also form their own opinion of Purecycle Technologies' value that differs from its market value or its book value, called intrinsic value, which is Purecycle Technologies' 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 Purecycle Technologies' market value can be influenced by many factors that don't directly affect Purecycle Technologies' 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 Purecycle Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Purecycle Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purecycle Technologies' 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.
Purecycle Technologies Beta vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Purecycle Technologies's current stock value. Our valuation model uses many indicators to compare Purecycle Technologies value to that of its competitors to determine the firm's financial worth. Purecycle Technologies Holdings is regarded fifth in net asset category among related companies. It is considered to be number one stock in beta category among related companies . The ratio of Net Asset to Beta for Purecycle Technologies Holdings is about 670,563,226 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Purecycle Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Purecycle Technologies' 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 Purecycle Technologies' earnings, one of the primary drivers of an investment's value.Purecycle Beta vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Purecycle Technologies |
| = | 1.04 B |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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.
Purecycle Technologies |
| = | 1.55 |
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.
Purecycle Beta Comparison
Purecycle Technologies is currently under evaluation in beta category among related companies.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Purecycle Technologies will likely underperform.
Purecycle Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Purecycle Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Purecycle Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Purecycle Technologies' change in net profit over the period of time. It can combine multiple indicators of Purecycle 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -32 K | -33.6 K | |
| Net Interest Income | -8 M | -7.6 M | |
| Operating Income | -113.9 M | -108.2 M | |
| Net Loss | -86.9 M | -91.2 M | |
| Income Before Tax | -101.1 M | -96 M | |
| Net Loss | -76.3 M | -80.1 M | |
| Net Loss | -101.7 M | -96.6 M | |
| Total Other Income Expense Net | 12.8 M | 13.5 M | |
| Income Tax Expense | 650 K | 617.5 K | |
| Interest Income | 5.7 M | 3.4 M | |
| Change To Netincome | 18.7 M | 15.5 M | |
| Net Loss | (0.62) | (0.65) | |
| Income Quality | 0.93 | 0.80 | |
| Net Income Per E B T | 1.01 | 1.17 |
Purecycle Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Purecycle 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 Purecycle 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 Purecycle Technologies' important profitability drivers and their relationship over time.
Use Purecycle 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 Purecycle 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 Purecycle Technologies will appreciate offsetting losses from the drop in the long position's value.Purecycle Technologies Pair Trading
Purecycle Technologies Holdings Pair Trading Analysis
The ability to find closely correlated positions to Purecycle 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 Purecycle 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 Purecycle 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 Purecycle Technologies Holdings to buy it.
The correlation of Purecycle Technologies 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 Purecycle Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purecycle 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 Purecycle 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 Purecycle Technologies position
In addition to having Purecycle 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?
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Companies specializing in air services and air delivery. The Air theme has 41 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 Air Theme or any other thematic opportunities.
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Check out Your Equity Center. For more information on how to buy Purecycle Stock please use our How to Invest in Purecycle Technologies guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Purecycle Stock analysis
When running Purecycle Technologies' price analysis, check to measure Purecycle 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 Purecycle Technologies is operating at the current time. Most of Purecycle Technologies' value examination focuses on studying past and present price action to predict the probability of Purecycle Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purecycle Technologies' price. Additionally, you may evaluate how the addition of Purecycle Technologies to your portfolios can decrease your overall portfolio volatility.
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To fully project Purecycle Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Purecycle 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 Purecycle Technologies' income statement, its balance sheet, and the statement of cash flows.