Kartoon Studios, Stock Beta
| TOON Stock | 0.69 0.09 11.54% |
Kartoon Studios, fundamentals help investors to digest information that contributes to Kartoon Studios,'s financial success or failures. It also enables traders to predict the movement of Kartoon Stock. The fundamental analysis module provides a way to measure Kartoon Studios,'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 Kartoon Studios, stock.
Kartoon | Beta |
Kartoon Studios, Company Beta Analysis
Kartoon Studios,'s Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Kartoon Studios, Beta | 2.7 |
Most of Kartoon Studios,'s fundamental indicators, such as Beta, 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, Kartoon Studios, is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Kartoon Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Kartoon Studios, is extremely important. It helps to project a fair market value of Kartoon Stock properly, considering its historical fundamentals such as Beta. Since Kartoon Studios,'s 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 Kartoon Studios,'s 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 Kartoon Studios,'s interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Kartoon Studios, has a Beta of 2.698. This is 110.78% higher than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.
Kartoon Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Kartoon Studios,'s direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Kartoon Studios, could also be used in its relative valuation, which is a method of valuing Kartoon Studios, by comparing valuation metrics of similar companies.Kartoon Studios, is currently under evaluation in beta category among its peers.
Kartoon Studios, Current Valuation Drivers
We derive many important indicators used in calculating different scores of Kartoon Studios, from analyzing Kartoon Studios,'s financial statements. These drivers represent accounts that assess Kartoon Studios,'s ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Kartoon Studios,'s important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.3M | 196.6M | 312.4M | 146.0M | 46.0M | 62.5M | |
| Enterprise Value | 12.6M | 99.8M | 312.0M | 230.9M | 70.6M | 63.2M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Kartoon Studios, will likely underperform.
Kartoon Fundamentals
| Return On Equity | -0.82 | ||||
| Return On Asset | -0.11 | ||||
| Profit Margin | (1.61) % | ||||
| Operating Margin | (0.56) % | ||||
| Current Valuation | 37.1 M | ||||
| Shares Outstanding | 39.57 M | ||||
| Shares Owned By Insiders | 6.54 % | ||||
| Shares Owned By Institutions | 7.54 % | ||||
| Number Of Shares Shorted | 1.79 M | ||||
| Price To Book | 0.66 X | ||||
| Price To Sales | 0.82 X | ||||
| Revenue | 44.09 M | ||||
| EBITDA | (68.9 M) | ||||
| Net Income | (77.1 M) | ||||
| Total Debt | 28.71 M | ||||
| Book Value Per Share | 1.46 X | ||||
| Cash Flow From Operations | (16.09 M) | ||||
| Short Ratio | 17.34 X | ||||
| Earnings Per Share | (1.13) X | ||||
| Target Price | 10.0 | ||||
| Number Of Employees | 242 | ||||
| Beta | 2.7 | ||||
| Market Capitalization | 27.3 M | ||||
| Total Asset | 117.63 M | ||||
| Retained Earnings | (718.55 M) | ||||
| Working Capital | 11.47 M | ||||
| Net Asset | 117.63 M |
About Kartoon Studios, Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Kartoon Studios,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kartoon Studios, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kartoon Studios, 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 Kartoon Studios,
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 Kartoon Studios, 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 Kartoon Studios, will appreciate offsetting losses from the drop in the long position's value.Moving against Kartoon Stock
| 0.83 | EDR | Endeavor Group Holdings | PairCorr |
| 0.77 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.68 | VEON | VEON | PairCorr |
| 0.63 | KT | KT Corporation | PairCorr |
| 0.53 | CNK | Cinemark Holdings | PairCorr |
The ability to find closely correlated positions to Kartoon Studios, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kartoon Studios, 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 Kartoon Studios, - 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 Kartoon Studios, to buy it.
The correlation of Kartoon Studios, 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 Kartoon Studios, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kartoon Studios, 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 Kartoon Studios, 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 Kartoon Studios, Piotroski F Score and Kartoon Studios, Altman Z Score analysis. To learn how to invest in Kartoon Stock, please use our How to Invest in Kartoon Studios, guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kartoon Studios,. If investors know Kartoon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kartoon Studios, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.13) | Revenue Per Share 0.925 | Quarterly Revenue Growth (0.24) | Return On Assets (0.11) | Return On Equity (0.82) |
The market value of Kartoon Studios, is measured differently than its book value, which is the value of Kartoon that is recorded on the company's balance sheet. Investors also form their own opinion of Kartoon Studios,'s value that differs from its market value or its book value, called intrinsic value, which is Kartoon Studios,'s true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kartoon Studios,'s market value can be influenced by many factors that don't directly affect Kartoon Studios,'s underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kartoon Studios,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if Kartoon Studios, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kartoon Studios,'s price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.