Neofect CoLtd Shares Outstanding vs. Price To Sales
| 290660 Stock | 1,180 1.00 0.08% |
For Neofect CoLtd profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Neofect CoLtd to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Neofect CoLtd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Neofect CoLtd's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Neofect CoLtd over time as well as its relative position and ranking within its peers.
Neofect |
Neofect CoLtd Price To Sales vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Neofect CoLtd's current stock value. Our valuation model uses many indicators to compare Neofect CoLtd value to that of its competitors to determine the firm's financial worth. Neofect CoLtd is number one stock in shares outstanding category among related companies. It is number one stock in price to sales category among related companies . The ratio of Shares Outstanding to Price To Sales for Neofect CoLtd is about 6,312,364 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Neofect CoLtd by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Neofect CoLtd's 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 Neofect CoLtd's earnings, one of the primary drivers of an investment's value.Neofect Price To Sales vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Neofect CoLtd |
| = | 11.93 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Neofect CoLtd |
| = | 1.89 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.
Neofect Price To Sales Comparison
Neofect CoLtd is currently under evaluation in price to sales category among related companies.
Neofect Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Neofect CoLtd. 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 Neofect CoLtd 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 Neofect CoLtd's important profitability drivers and their relationship over time.
Use Neofect CoLtd 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 Neofect CoLtd 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 Neofect CoLtd will appreciate offsetting losses from the drop in the long position's value.Neofect CoLtd Pair Trading
Neofect CoLtd Pair Trading Analysis
The ability to find closely correlated positions to Neofect CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neofect CoLtd 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 Neofect CoLtd - 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 Neofect CoLtd to buy it.
The correlation of Neofect CoLtd 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 Neofect CoLtd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neofect CoLtd 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 Neofect CoLtd 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 Neofect CoLtd position
In addition to having Neofect CoLtd 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 Music and Video Thematic Idea Now
Music and Video
Companies specializing in music, video and movie production and distribution. The Music and Video theme has 35 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 Music and Video Theme or any other thematic opportunities.
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Check out Trending Equities. Note that the Neofect CoLtd information on this page should be used as a complementary analysis to other Neofect CoLtd's 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Neofect Stock analysis
When running Neofect CoLtd's price analysis, check to measure Neofect CoLtd's 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 Neofect CoLtd is operating at the current time. Most of Neofect CoLtd's value examination focuses on studying past and present price action to predict the probability of Neofect CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neofect CoLtd's price. Additionally, you may evaluate how the addition of Neofect CoLtd to your portfolios can decrease your overall portfolio volatility.
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To fully project Neofect CoLtd's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Neofect CoLtd 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 Neofect CoLtd's income statement, its balance sheet, and the statement of cash flows.