Turbo Global Partners Stock Filter Stocks by Fundamentals
| TRBO Stock | USD 0.0001 0.00 0.00% |
Turbo Global Partners fundamentals help investors to digest information that contributes to Turbo Global's financial success or failures. It also enables traders to predict the movement of Turbo Stock. The fundamental analysis module provides a way to measure Turbo Global'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 Turbo Global stock.
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Turbo Fundamentals
| Current Valuation | 33.46 K | ||||
| Shares Outstanding | 334.57 M | ||||
| Revenue | 134.42 K | ||||
| Net Income | (96.7 K) | ||||
| Cash And Equivalents | 27.9 K | ||||
| Total Debt | 10.77 M | ||||
| Cash Flow From Operations | (211.84 K) | ||||
| Beta | 1.91 | ||||
| Market Capitalization | 33.46 K | ||||
| Total Asset | 10.89 M | ||||
| Retained Earnings | (549.79 K) | ||||
| Net Asset | 10.89 M |
About Turbo Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Turbo Global Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Turbo Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Turbo Global Partners 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 Turbo Global
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 Turbo Global 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 Turbo Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Turbo Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turbo Global 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 Turbo Global - 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 Turbo Global Partners to buy it.
The correlation of Turbo Global 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 Turbo Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turbo Global Partners 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 Turbo Global 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 Turbo Global Piotroski F Score and Turbo Global Altman Z Score analysis. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Advertising 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 Turbo Global. If investors know Turbo 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 Turbo Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Turbo Global Partners is measured differently than its book value, which is the value of Turbo that is recorded on the company's balance sheet. Investors also form their own opinion of Turbo Global's value that differs from its market value or its book value, called intrinsic value, which is Turbo Global'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 Turbo Global's market value can be influenced by many factors that don't directly affect Turbo Global'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 Turbo Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turbo Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turbo Global'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.