Blue Sphere Corp Stock Current Asset
Blue Sphere's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Blue Stock price.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Blue Sphere Corp Company Current Asset Analysis
Blue Sphere's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Blue Sphere Current Asset | 2.17 M |
Most of Blue Sphere's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Blue Sphere Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
| Competition |
In accordance with the recently published financial statements, Blue Sphere Corp has a Current Asset of 2.17 M. This is 99.82% lower than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The current asset for all United States stocks is 99.98% higher than that of the company.
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Blue Fundamentals
| Return On Asset | -0.0577 | ||||
| Profit Margin | (1.56) % | ||||
| Operating Margin | (0.45) % | ||||
| Current Valuation | 26.16 M | ||||
| Shares Outstanding | 721.98 M | ||||
| Price To Earning | 0.59 X | ||||
| Price To Sales | 0.0004 X | ||||
| Revenue | 10.9 M | ||||
| Gross Profit | 2.41 M | ||||
| EBITDA | (2.37 M) | ||||
| Net Income | (10.44 M) | ||||
| Cash And Equivalents | 2.55 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 13.25 M | ||||
| Current Ratio | 0.37 X | ||||
| Book Value Per Share | (0.28) X | ||||
| Cash Flow From Operations | (355 K) | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.16 | ||||
| Number Of Employees | 11 | ||||
| Beta | 347.82 | ||||
| Market Capitalization | 3.97 K | ||||
| Total Asset | 42.71 M | ||||
| Retained Earnings | (60.84 M) | ||||
| Working Capital | (18.15 M) | ||||
| Current Asset | 2.17 M | ||||
| Current Liabilities | 12.7 M | ||||
| Net Asset | 42.71 M |
About Blue Sphere Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Blue Sphere Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Blue Sphere using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Blue Sphere Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Blue Sphere
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 Blue Sphere 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 Blue Sphere will appreciate offsetting losses from the drop in the long position's value.Moving against Blue Stock
| 0.55 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.53 | HDSN | Hudson Technologies | PairCorr |
| 0.49 | KC | Kingsoft Cloud Holdings Earnings Call This Week | PairCorr |
| 0.46 | VLTO | Veralto | PairCorr |
| 0.46 | VSEC | VSE Corporation | PairCorr |
The ability to find closely correlated positions to Blue Sphere could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Sphere 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 Blue Sphere - 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 Blue Sphere Corp to buy it.
The correlation of Blue Sphere 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 Blue Sphere moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Sphere Corp 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 Blue Sphere 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.Additional Tools for Blue Stock Analysis
When running Blue Sphere's price analysis, check to measure Blue Sphere'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 Blue Sphere is operating at the current time. Most of Blue Sphere's value examination focuses on studying past and present price action to predict the probability of Blue Sphere's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Sphere's price. Additionally, you may evaluate how the addition of Blue Sphere to your portfolios can decrease your overall portfolio volatility.