Climaterock Stock Current Ratio
| CLRCR Stock | USD 0.08 0.0001 0.12% |
CLIMATEROCK fundamentals help investors to digest information that contributes to CLIMATEROCK's financial success or failures. It also enables traders to predict the movement of CLIMATEROCK Stock. The fundamental analysis module provides a way to measure CLIMATEROCK's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CLIMATEROCK stock.
CLIMATEROCK |
CLIMATEROCK Company Current Ratio Analysis
CLIMATEROCK's 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 CLIMATEROCK Current Ratio | 1.32 X |
Most of CLIMATEROCK's 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, CLIMATEROCK 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).
CompetitionIn accordance with the recently published financial statements, CLIMATEROCK has a Current Ratio of 1.32 times. This is much higher than that of the Financial Services sector and significantly higher than that of the Financials industry. The current ratio for all United States stocks is notably lower than that of the firm.
CLIMATEROCK Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CLIMATEROCK's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of CLIMATEROCK could also be used in its relative valuation, which is a method of valuing CLIMATEROCK by comparing valuation metrics of similar companies.CLIMATEROCK is currently under evaluation in current ratio category among its peers.
CLIMATEROCK Fundamentals
| Return On Asset | -0.0475 | ||||
| Number Of Shares Shorted | 856 | ||||
| EBITDA | 2.13 M | ||||
| Net Income | 483.43 K | ||||
| Cash And Equivalents | 4.95 K | ||||
| Total Debt | 2.08 M | ||||
| Current Ratio | 1.32 X | ||||
| Book Value Per Share | (1.60) X | ||||
| Cash Flow From Operations | (1.41 M) | ||||
| Earnings Per Share | (0.39) X | ||||
| Beta | -0.001 | ||||
| Total Asset | 28.57 M | ||||
| Retained Earnings | (5.58 M) | ||||
| Net Asset | 28.57 M |
About CLIMATEROCK Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CLIMATEROCK's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CLIMATEROCK using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CLIMATEROCK 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 CLIMATEROCK
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 CLIMATEROCK 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 CLIMATEROCK will appreciate offsetting losses from the drop in the long position's value.Moving against CLIMATEROCK Stock
The ability to find closely correlated positions to CLIMATEROCK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CLIMATEROCK 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 CLIMATEROCK - 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 CLIMATEROCK to buy it.
The correlation of CLIMATEROCK 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 CLIMATEROCK moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CLIMATEROCK 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 CLIMATEROCK 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 CLIMATEROCK Stock Analysis
When running CLIMATEROCK's price analysis, check to measure CLIMATEROCK'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 CLIMATEROCK is operating at the current time. Most of CLIMATEROCK's value examination focuses on studying past and present price action to predict the probability of CLIMATEROCK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CLIMATEROCK's price. Additionally, you may evaluate how the addition of CLIMATEROCK to your portfolios can decrease your overall portfolio volatility.