Sernova Historical Financial Ratios
| SVA Stock | 0.23 0.01 4.17% |
Sernova Corp is promptly reporting on over 91 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Book Value Per Share of 0.075, Invested Capital of 0.0, Average Payables of 1.9 M or Stock Based Compensation To Revenue of 5.82 will help investors to properly organize and evaluate Sernova Corp financial condition quickly.
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About Sernova Financial Ratios Analysis
Sernova CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Sernova Corp investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Sernova financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Sernova Corp history.
Sernova Corp Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Sernova Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Sernova Corp sales, a figure that is much harder to manipulate than other Sernova Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Most ratios from Sernova Corp's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Sernova Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sernova Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Sernova Corp's Days Payables Outstanding is very stable compared to the past year. As of the 29th of November 2024, Tangible Book Value Per Share is likely to grow to 0.05, while Price To Sales Ratio is likely to drop 85.16.
| 2023 | 2024 (projected) | Days Sales Outstanding | 70.99 | 63.1 | PTB Ratio | 16.58 | 17.41 |
Sernova Corp fundamentals Correlations
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Sernova Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Sernova Corp
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 Sernova Corp 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 Sernova Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Sernova Stock
The ability to find closely correlated positions to Sernova Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sernova Corp 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 Sernova Corp - 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 Sernova Corp to buy it.
The correlation of Sernova Corp 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 Sernova Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sernova Corp 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 Sernova Corp 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 Sernova Stock
Sernova CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Sernova Corp investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Sernova financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Sernova Corp history.