Hydrogenetics Stock Fundamentals
| HYGNDelisted Stock | USD 0.0001 0.00 0.00% |
Hydrogenetics fundamentals help investors to digest information that contributes to Hydrogenetics' financial success or failures. It also enables traders to predict the movement of Hydrogenetics Stock. The fundamental analysis module provides a way to measure Hydrogenetics' 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 Hydrogenetics stock.
Hydrogenetics |
Hydrogenetics Company Shares Outstanding Analysis
Hydrogenetics' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Hydrogenetics Shares Outstanding | 363.26 M |
Most of Hydrogenetics' fundamental indicators, such as Shares Outstanding, 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, Hydrogenetics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
CompetitionBased on the latest financial disclosure, Hydrogenetics has 363.26 M of shares currently outstending. This is 98.39% higher than that of the Consumer Cyclical sector and significantly higher than that of the Auto Parts industry. The shares outstanding for all United States stocks is 36.47% higher than that of the company.
Hydrogenetics Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Hydrogenetics's current stock value. Our valuation model uses many indicators to compare Hydrogenetics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hydrogenetics competition to find correlations between indicators driving Hydrogenetics's intrinsic value. More Info.Hydrogenetics is one of the top stocks in return on asset category among its peers. It also is rated as one of the top companies 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 Hydrogenetics' earnings, one of the primary drivers of an investment's value.Hydrogenetics Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hydrogenetics' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hydrogenetics could also be used in its relative valuation, which is a method of valuing Hydrogenetics by comparing valuation metrics of similar companies.Hydrogenetics is currently under evaluation in shares outstanding category among its peers.
Hydrogenetics Fundamentals
| Return On Asset | -0.32 | |||
| Current Valuation | (290.51 K) | |||
| Shares Outstanding | 363.26 M | |||
| EBITDA | (304.34 K) | |||
| Net Income | (220.86 K) | |||
| Cash And Equivalents | 815.48 K | |||
| Total Debt | 83.33 K | |||
| Debt To Equity | 1.49 % | |||
| Current Ratio | 6.21 X | |||
| Book Value Per Share | 0 X | |||
| Cash Flow From Operations | (142.66 K) | |||
| Earnings Per Share | (0) X | |||
| Beta | -3325.26 | |||
| Market Capitalization | 36.33 K | |||
| Total Asset | 341.92 K | |||
| Retained Earnings | (1.95 M) | |||
| Net Asset | 341.92 K |
About Hydrogenetics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hydrogenetics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hydrogenetics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hydrogenetics 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.Hydrogenetics, Inc., through its subsidiary, HydroAxis Technologies, Inc., develops a hydrogen generating system to be used as a complete device for gas and diesel internal combustion engine in various markets worldwide, such as automotive, truck, marine, farm tractors, earth moving vehicles, military, locomotive engines, mining, home heating units, generators, recreation vehicles, fork trucks, and lawn mowers using diesel or gas engines. The company was formerly known as Global Entertainment Acquisition Corp. and changed its name to Hydrogenetics, Inc. in August 2008. HYDROGENETICS INC operates under Auto Parts classification in the United States and is traded on PNK Exchange. It employs 1 people.
Pair Trading with Hydrogenetics
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 Hydrogenetics 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 Hydrogenetics will appreciate offsetting losses from the drop in the long position's value.Moving against Hydrogenetics Stock
| 0.48 | HYMTF | Hyundai Motor | PairCorr |
| 0.41 | APTV | Aptiv PLC | PairCorr |
| 0.35 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.31 | KB | KB Financial Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Hydrogenetics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hydrogenetics 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 Hydrogenetics - 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 Hydrogenetics to buy it.
The correlation of Hydrogenetics 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 Hydrogenetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hydrogenetics 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 Hydrogenetics 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Other Consideration for investing in Hydrogenetics Stock
If you are still planning to invest in Hydrogenetics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Hydrogenetics' history and understand the potential risks before investing.
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