Cmg Holdings Group Stock Price To Book
| CMGO Stock | USD 0 0.0004 16.67% |
CMG Holdings Group fundamentals help investors to digest information that contributes to CMG Holdings' financial success or failures. It also enables traders to predict the movement of CMG Pink Sheet. The fundamental analysis module provides a way to measure CMG Holdings' 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 CMG Holdings pink sheet.
CMG |
CMG Holdings Group Company Price To Book Analysis
CMG Holdings' Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current CMG Holdings Price To Book | 2.15 X |
Most of CMG Holdings' fundamental indicators, such as Price To Book, 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, CMG Holdings Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, CMG Holdings Group has a Price To Book of 2.1453 times. This is 81.25% lower than that of the Media sector and significantly higher than that of the Communication Services industry. The price to book for all United States stocks is 77.44% higher than that of the company.
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CMG Fundamentals
| Return On Equity | -0.0272 | |||
| Return On Asset | -0.0716 | |||
| Profit Margin | (0.01) % | |||
| Operating Margin | (0.08) % | |||
| Current Valuation | 1.96 M | |||
| Shares Outstanding | 438.67 M | |||
| Shares Owned By Insiders | 3.51 % | |||
| Price To Book | 2.15 X | |||
| Price To Sales | 0.66 X | |||
| Revenue | 1.62 M | |||
| Gross Profit | 404.59 K | |||
| EBITDA | 828.59 K | |||
| Net Income | 789.37 K | |||
| Cash And Equivalents | 448.32 K | |||
| Total Debt | 575 K | |||
| Debt To Equity | 0.82 % | |||
| Current Ratio | 1.68 X | |||
| Book Value Per Share | 0 X | |||
| Cash Flow From Operations | 681.36 K | |||
| Target Price | 0.77 | |||
| Beta | 2.41 | |||
| Market Capitalization | 1.51 M | |||
| Total Asset | 1.79 M | |||
| Retained Earnings | (16.23 M) | |||
| Working Capital | (1.17 M) | |||
| Current Asset | 239 K | |||
| Current Liabilities | 1.41 M | |||
| Z Score | -11.4 | |||
| Net Asset | 1.79 M |
About CMG Holdings Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CMG Holdings Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CMG Holdings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CMG Holdings Group 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 CMG Holdings
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 CMG Holdings 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 CMG Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CMG Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CMG Holdings 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 CMG Holdings - 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 CMG Holdings Group to buy it.
The correlation of CMG Holdings 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 CMG Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CMG Holdings Group 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 CMG Holdings 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 CMG Pink Sheet
CMG Holdings financial ratios help investors to determine whether CMG 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 CMG with respect to the benefits of owning CMG Holdings security.