CannAssist Financial Statements From 2010 to 2025
| XESP Stock | USD 0.01 0.00 0.00% |
Check CannAssist International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CannAssist International's main balance sheet or income statement drivers, such as , as well as many indicators such as . CannAssist financial statements analysis is a perfect complement when working with CannAssist International Valuation or Volatility modules.
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CannAssist International Corp OTC Stock Gross Profit Analysis
CannAssist International's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current CannAssist International Gross Profit | 371.1 K |
Most of CannAssist International's fundamental indicators, such as Gross Profit, 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, CannAssist International Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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According to the company disclosure, CannAssist International Corp reported 371.1 K of gross profit. This is 100.0% lower than that of the Communication Services sector and significantly higher than that of the Internet Content & Information industry. The gross profit for all United States stocks is 100.0% higher than that of the company.
CannAssist International Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CannAssist International's current stock value. Our valuation model uses many indicators to compare CannAssist International value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CannAssist International competition to find correlations between indicators driving CannAssist International's intrinsic value. More Info.CannAssist International Corp is rated second in return on asset category among its peers. It is rated below average in current valuation 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 CannAssist International's earnings, one of the primary drivers of an investment's value.About CannAssist International Financial Statements
CannAssist International shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although CannAssist International investors may analyze each financial statement separately, they are all interrelated. The changes in CannAssist International's assets and liabilities, for example, are also reflected in the revenues and expenses on on CannAssist International's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Electronic Servitor Publication Network, Inc., a technology platform, provides gaming technology and related infrastructure for esports professionals and gamers. The company was incorporated in 2017 and is based in Minneapolis, Minnesota. Electronic Servitor operates under Internet Content Information classification in the United States and is traded on OTC Exchange. It employs 2 people.
Pair Trading with CannAssist International
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 CannAssist International 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 CannAssist International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CannAssist International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CannAssist International 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 CannAssist International - 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 CannAssist International Corp to buy it.
The correlation of CannAssist International 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 CannAssist International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CannAssist International 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 CannAssist International 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 CannAssist OTC Stock Analysis
When running CannAssist International's price analysis, check to measure CannAssist International'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 CannAssist International is operating at the current time. Most of CannAssist International's value examination focuses on studying past and present price action to predict the probability of CannAssist International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CannAssist International's price. Additionally, you may evaluate how the addition of CannAssist International to your portfolios can decrease your overall portfolio volatility.