Right On Brands Stock Fundamentals
| RTON Stock | USD 0.05 0.02 30.61% |
Right On Brands fundamentals help investors to digest information that contributes to Right On's financial success or failures. It also enables traders to predict the movement of Right Pink Sheet. The fundamental analysis module provides a way to measure Right On'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 Right On pink sheet.
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Right On Brands Company Return On Asset Analysis
Right On's 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.
Current Right On Return On Asset | -0.12 |
Most of Right On's fundamental indicators, such as Return On Asset, 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, Right On Brands is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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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Based on the latest financial disclosure, Right On Brands has a Return On Asset of -0.1177. This is 492.33% lower than that of the Consumer Defensive sector and 94.9% lower than that of the Packaged Foods industry. The return on asset for all United States stocks is 15.93% lower than that of the firm.
Right On Brands Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Right On's current stock value. Our valuation model uses many indicators to compare Right On value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Right On competition to find correlations between indicators driving Right On's intrinsic value. More Info.Right On Brands is rated fifth in return on asset category among its peers. It is rated third in profit margin category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Right On by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Right On's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Right Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Right On's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Right On could also be used in its relative valuation, which is a method of valuing Right On by comparing valuation metrics of similar companies.Right On is currently under evaluation in return on asset category among its peers.
Right Fundamentals
| Return On Asset | -0.12 | |||
| Profit Margin | (0.05) % | |||
| Operating Margin | (0.04) % | |||
| Current Valuation | 2.26 M | |||
| Shares Outstanding | 23.09 M | |||
| Shares Owned By Insiders | 3.02 % | |||
| Price To Sales | 0.99 X | |||
| Revenue | 997.1 K | |||
| Gross Profit | 440.01 K | |||
| EBITDA | (225.78 K) | |||
| Net Income | (257.02 K) | |||
| Cash And Equivalents | 15.25 K | |||
| Total Debt | 445.22 K | |||
| Debt To Equity | 91.40 % | |||
| Current Ratio | 0.30 X | |||
| Cash Flow From Operations | (150.7 K) | |||
| Beta | 1.23 | |||
| Market Capitalization | 4.62 K | |||
| Total Asset | 234.13 K | |||
| Z Score | 4.0 | |||
| Net Asset | 234.13 K |
About Right On Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Right On Brands's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Right On using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Right On Brands 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.Right On Brands, Inc., through its subsidiaries, markets and sells a range of hemp enhanced snack foods. Right On Brands, Inc. was incorporated in 2011 and is headquartered in Rowlett, Texas. Right On operates under Packaged Foods classification in the United States and is traded on OTC Exchange.
Pair Trading with Right On
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 Right On 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 Right On will appreciate offsetting losses from the drop in the long position's value.Moving against Right Pink Sheet
| 0.58 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.52 | DANOY | Danone PK | PairCorr |
| 0.34 | FUWAF | Furukawa Electric | PairCorr |
| 0.33 | DXYZ | Destiny Tech100 | PairCorr |
The ability to find closely correlated positions to Right On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Right On 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 Right On - 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 Right On Brands to buy it.
The correlation of Right On 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 Right On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Right On Brands 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 Right On 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 Right Pink Sheet
Right On financial ratios help investors to determine whether Right 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 Right with respect to the benefits of owning Right On security.