Zhejiang Mtcn Current Valuation vs. Shares Outstanding
| 003026 Stock | 37.55 0.17 0.45% |
For Zhejiang Mtcn profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zhejiang Mtcn to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zhejiang Mtcn Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zhejiang Mtcn's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zhejiang Mtcn Technology over time as well as its relative position and ranking within its peers.
Zhejiang |
Zhejiang Mtcn Technology Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Zhejiang Mtcn's current stock value. Our valuation model uses many indicators to compare Zhejiang Mtcn value to that of its competitors to determine the firm's financial worth. Zhejiang Mtcn Technology is the top company in current valuation category among its peers. It also is number one stock in shares outstanding category among its peers creating about 0.03 of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for Zhejiang Mtcn Technology is roughly 38.63 . As of December 11, 2024, Common Stock Shares Outstanding is expected to decline to about 85.6 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value Zhejiang Mtcn by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Zhejiang Mtcn's Stock. 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.Zhejiang Current Valuation vs. Competition
Zhejiang Mtcn Technology is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Information Technology industry is presently estimated at about 116.01 Billion. Zhejiang Mtcn holds roughly 5.03 Billion in current valuation claiming about 4% of equities under Information Technology industry.
Zhejiang Shares Outstanding vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Zhejiang Mtcn |
| = | 5.03 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Zhejiang Mtcn |
| = | 130.23 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Zhejiang Shares Outstanding Comparison
Zhejiang Mtcn is currently under evaluation in shares outstanding category among its peers.
Zhejiang Mtcn Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Zhejiang Mtcn, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zhejiang Mtcn will eventually generate negative long term returns. The profitability progress is the general direction of Zhejiang Mtcn's change in net profit over the period of time. It can combine multiple indicators of Zhejiang Mtcn, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 35.2 M | 62.9 M | |
| Income Before Tax | -34.6 M | -32.9 M | |
| Total Other Income Expense Net | -33.8 M | -32.1 M | |
| Net Loss | -34.1 M | -32.4 M | |
| Income Tax Expense | 1.9 M | 1.8 M | |
| Net Interest Income | -2.1 M | -2 M | |
| Interest Income | 9 M | 6.5 M | |
| Net Loss | -17.3 M | -16.4 M | |
| Net Income Applicable To Common Shares | 151 M | 104.5 M | |
| Change To Netincome | 13.1 M | 7.6 M |
Zhejiang Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Zhejiang Mtcn. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Zhejiang Mtcn position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Zhejiang Mtcn's important profitability drivers and their relationship over time.
Use Zhejiang Mtcn in pair-trading
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 Zhejiang Mtcn 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 Zhejiang Mtcn will appreciate offsetting losses from the drop in the long position's value.Zhejiang Mtcn Pair Trading
Zhejiang Mtcn Technology Pair Trading Analysis
The ability to find closely correlated positions to Zhejiang Mtcn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zhejiang Mtcn 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 Zhejiang Mtcn - 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 Zhejiang Mtcn Technology to buy it.
The correlation of Zhejiang Mtcn 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 Zhejiang Mtcn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zhejiang Mtcn Technology 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 Zhejiang Mtcn 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.Use Investing Themes to Complement your Zhejiang Mtcn position
In addition to having Zhejiang Mtcn in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Non-Metallic and Industrial Metal Mining Thematic Idea Now
Non-Metallic and Industrial Metal Mining
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Non-Metallic and Industrial Metal Mining theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Non-Metallic and Industrial Metal Mining Theme or any other thematic opportunities.
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Other Information on Investing in Zhejiang Stock
To fully project Zhejiang Mtcn's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Zhejiang Mtcn Technology at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Zhejiang Mtcn's income statement, its balance sheet, and the statement of cash flows.