Innovative Designs Stock Current Ratio
| IVDN Stock | USD 0.24 0.01 4.00% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Innovative Designs' long-term financial health and intrinsic value.
Innovative |
Innovative Designs Company Current Ratio Analysis
Innovative Designs' 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.
Current Innovative Designs Current Ratio | 1.99 X |
Most of Innovative Designs' fundamental indicators, such as Current Ratio, 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, Innovative Designs is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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).
| Competition |
In accordance with the recently published financial statements, Innovative Designs has a Current Ratio of 1.99 times. This is 12.33% lower than that of the Consumer Cyclical sector and significantly higher than that of the Apparel Retail industry. The current ratio for all United States stocks is 7.87% higher than that of the company.
Innovative Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Innovative Designs' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Innovative Designs could also be used in its relative valuation, which is a method of valuing Innovative Designs by comparing valuation metrics of similar companies.Innovative Designs is currently under evaluation in current ratio category among its peers.
Innovative Fundamentals
| Return On Equity | -0.39 | |||
| Return On Asset | -0.2 | |||
| Profit Margin | (1.31) % | |||
| Operating Margin | (1.85) % | |||
| Current Valuation | 10.4 M | |||
| Shares Outstanding | 34.48 M | |||
| Shares Owned By Insiders | 25.43 % | |||
| Price To Earning | (31.20) X | |||
| Price To Book | 10.26 X | |||
| Price To Sales | 42.43 X | |||
| Revenue | 225.6 K | |||
| Gross Profit | 128.87 K | |||
| EBITDA | (240.31 K) | |||
| Net Income | (322.73 K) | |||
| Cash And Equivalents | 159.51 K | |||
| Total Debt | 71.72 K | |||
| Debt To Equity | 0.28 % | |||
| Current Ratio | 1.99 X | |||
| Book Value Per Share | 0.03 X | |||
| Cash Flow From Operations | (119 K) | |||
| Earnings Per Share | (0.02) X | |||
| Beta | -0.26 | |||
| Market Capitalization | 8.62 M | |||
| Total Asset | 1.68 M | |||
| Retained Earnings | (9.29 M) | |||
| Working Capital | 1.59 M | |||
| Current Asset | 2.25 M | |||
| Current Liabilities | 658.93 K | |||
| Z Score | 65.0 | |||
| Net Asset | 1.68 M |
About Innovative Designs Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Innovative Designs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Innovative Designs using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Innovative Designs 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 Innovative Designs
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 Innovative Designs 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 Innovative Designs will appreciate offsetting losses from the drop in the long position's value.Moving against Innovative Pink Sheet
| 0.78 | SRFM | Surf Air Mobility Downward Rally | PairCorr |
| 0.68 | PTAIF | PT Astra International | PairCorr |
| 0.66 | PKX | POSCO Holdings | PairCorr |
| 0.61 | RLJ | RLJ Lodging Trust Earnings Call This Week | PairCorr |
| 0.56 | PTC | PTC Inc Tech Boost | PairCorr |
The ability to find closely correlated positions to Innovative Designs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovative Designs 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 Innovative Designs - 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 Innovative Designs to buy it.
The correlation of Innovative Designs 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 Innovative Designs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovative Designs 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 Innovative Designs 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.Other Information on Investing in Innovative Pink Sheet
Innovative Designs financial ratios help investors to determine whether Innovative Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innovative with respect to the benefits of owning Innovative Designs security.