Venator Materials Plc Stock Cash And Equivalents
Venator Materials PLC fundamentals help investors to digest information that contributes to Venator Materials' financial success or failures. It also enables traders to predict the movement of Venator Stock. The fundamental analysis module provides a way to measure Venator Materials' 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 Venator Materials stock.
Venator |
Venator Materials PLC Company Cash And Equivalents Analysis
Venator Materials' Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Venator Materials Cash And Equivalents | 45 M |
Most of Venator Materials' fundamental indicators, such as Cash And Equivalents, 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, Venator Materials PLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
CompetitionIn accordance with the recently published financial statements, Venator Materials PLC has 45 M in Cash And Equivalents. This is 90.81% lower than that of the Chemicals sector and 85.16% lower than that of the Materials industry. The cash and equivalents for all United States stocks is 98.33% higher than that of the company.
Venator Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Venator Materials' direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Venator Materials could also be used in its relative valuation, which is a method of valuing Venator Materials by comparing valuation metrics of similar companies.Venator Materials is currently under evaluation in cash and equivalents category among its peers.
Venator Fundamentals
| Return On Equity | -0.41 | |||
| Return On Asset | -0.0195 | |||
| Profit Margin | (0.09) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 1.02 B | |||
| Shares Outstanding | 108.09 M | |||
| Shares Owned By Insiders | 63.54 % | |||
| Shares Owned By Institutions | 9.76 % | |||
| Number Of Shares Shorted | 413.46 K | |||
| Price To Earning | 1.45 X | |||
| Price To Book | 0.12 X | |||
| Price To Sales | 0.03 X | |||
| Revenue | 2.17 B | |||
| Gross Profit | 85 M | |||
| EBITDA | 85 M | |||
| Net Income | (181 M) | |||
| Cash And Equivalents | 45 M | |||
| Cash Per Share | 0.42 X | |||
| Total Debt | 1.05 B | |||
| Debt To Equity | 2.40 % | |||
| Current Ratio | 2.21 X | |||
| Book Value Per Share | 2.83 X | |||
| Cash Flow From Operations | (114 M) | |||
| Short Ratio | 2.93 X | |||
| Earnings Per Share | (1.61) X | |||
| Target Price | 0.5 | |||
| Number Of Employees | 3.4 K | |||
| Beta | 1.52 | |||
| Market Capitalization | 31.36 M | |||
| Total Asset | 2.07 B | |||
| Retained Earnings | (648 M) | |||
| Working Capital | (396 M) | |||
| Current Asset | 1.38 B | |||
| Current Liabilities | 847.39 M | |||
| Z Score | 0.53 | |||
| Net Asset | 2.07 B |
Pair Trading with Venator Materials
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 Venator Materials 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 Venator Materials will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Becton Dickinson could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Becton Dickinson 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 Becton Dickinson - 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 Becton Dickinson and to buy it.
The correlation of Becton Dickinson 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 Becton Dickinson moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Becton Dickinson 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 Becton Dickinson 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 World Market Map 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 estimate. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in Venator Stock
If you are still planning to invest in Venator Materials PLC 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 Venator Materials' history and understand the potential risks before investing.
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