Phoenix Apps Stock Return On Asset
| PXPP Stock | USD 0.0001 0.00 0.00% |
Phoenix Apps fundamentals help investors to digest information that contributes to Phoenix Apps' financial success or failures. It also enables traders to predict the movement of Phoenix Stock. The fundamental analysis module provides a way to measure Phoenix Apps' 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 Phoenix Apps stock.
As of 11/22/2024, Return On Assets is likely to drop to -33.97. Phoenix | Return On Asset |
Phoenix Apps Company Return On Asset Analysis
Phoenix Apps' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Phoenix Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Phoenix Apps is extremely important. It helps to project a fair market value of Phoenix Stock properly, considering its historical fundamentals such as Return On Asset. Since Phoenix Apps' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Phoenix Apps' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Phoenix Apps' interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Phoenix Total Assets
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Based on the latest financial disclosure, Phoenix Apps has a Return On Asset of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The return on asset for all United States stocks is 100.0% lower than that of the firm.
Phoenix Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Phoenix Apps' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Phoenix Apps could also be used in its relative valuation, which is a method of valuing Phoenix Apps by comparing valuation metrics of similar companies.Phoenix Apps is currently under evaluation in return on asset category among its peers.
Phoenix Fundamentals
| Current Valuation | 135.1 K | ||||
| Shares Outstanding | 45.3 M | ||||
| Shares Owned By Insiders | 66.22 % | ||||
| EBITDA | (37.24 K) | ||||
| Net Income | (94.74 K) | ||||
| Total Debt | 96.87 K | ||||
| Book Value Per Share | (0) X | ||||
| Cash Flow From Operations | (36.12 K) | ||||
| Beta | -65.18 | ||||
| Market Capitalization | 13.59 K | ||||
| Retained Earnings | (418.61 K) | ||||
| Working Capital | (145.62 K) |
About Phoenix Apps Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Phoenix Apps's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Phoenix Apps using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Phoenix Apps 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 Phoenix Apps
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 Phoenix Apps 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 Phoenix Apps will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Phoenix Apps could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phoenix Apps 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 Phoenix Apps - 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 Phoenix Apps to buy it.
The correlation of Phoenix Apps 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 Phoenix Apps moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phoenix Apps 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 Phoenix Apps 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 Phoenix Stock Analysis
When running Phoenix Apps' price analysis, check to measure Phoenix Apps' 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 Phoenix Apps is operating at the current time. Most of Phoenix Apps' value examination focuses on studying past and present price action to predict the probability of Phoenix Apps' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Apps' price. Additionally, you may evaluate how the addition of Phoenix Apps to your portfolios can decrease your overall portfolio volatility.