PURETECH HEALTH Current Ratio vs. Cash Per Share
| 0VQ Stock | EUR 1.77 0.02 1.12% |
For PURETECH HEALTH profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PURETECH HEALTH to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PURETECH HEALTH PLC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PURETECH HEALTH's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PURETECH HEALTH PLC over time as well as its relative position and ranking within its peers.
PURETECH |
PURETECH HEALTH PLC Cash Per Share vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining PURETECH HEALTH's current stock value. Our valuation model uses many indicators to compare PURETECH HEALTH value to that of its competitors to determine the firm's financial worth. PURETECH HEALTH PLC is number one stock in current ratio category among its peers. It also is number one stock in cash per share category among its peers fabricating about 0.73 of Cash Per Share per Current Ratio. The ratio of Current Ratio to Cash Per Share for PURETECH HEALTH PLC is roughly 1.37 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the PURETECH HEALTH's earnings, one of the primary drivers of an investment's value.PURETECH Cash Per Share vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
PURETECH HEALTH |
| = | 2.11 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
PURETECH HEALTH |
| = | 1.54 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
PURETECH Cash Per Share Comparison
PURETECH HEALTH is currently under evaluation in cash per share category among its peers.
PURETECH HEALTH Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in PURETECH HEALTH, profitability is also one of the essential criteria for including it into their portfolios because, without profit, PURETECH HEALTH will eventually generate negative long term returns. The profitability progress is the general direction of PURETECH HEALTH's change in net profit over the period of time. It can combine multiple indicators of PURETECH HEALTH, 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.
PureTech Health plc, a clinical stage biotherapeutics company, discovers, develops, and commercializes medicines for inflammatory, fibrotic and immunological, intractable cancers, lymphatic and gastrointestinal, neurological and neuropsychological, and other diseases in the United States. The company was incorporated in 2015 and is headquartered in Boston, Massachusetts. PURETECH HEALTH is traded on Frankfurt Stock Exchange in Germany.
PURETECH Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on PURETECH HEALTH. 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 PURETECH HEALTH 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 PURETECH HEALTH's important profitability drivers and their relationship over time.
Use PURETECH HEALTH 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 PURETECH HEALTH 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 PURETECH HEALTH will appreciate offsetting losses from the drop in the long position's value.PURETECH HEALTH Pair Trading
PURETECH HEALTH PLC Pair Trading Analysis
The ability to find closely correlated positions to PURETECH HEALTH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PURETECH HEALTH 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 PURETECH HEALTH - 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 PURETECH HEALTH PLC to buy it.
The correlation of PURETECH HEALTH 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 PURETECH HEALTH moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PURETECH HEALTH PLC 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 PURETECH HEALTH 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 PURETECH HEALTH position
In addition to having PURETECH HEALTH 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?
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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 Single Stock ETFs Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in PURETECH Stock
When determining whether PURETECH HEALTH PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PURETECH HEALTH's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Puretech Health Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Puretech Health Plc Stock:Check out Trending Equities. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
To fully project PURETECH HEALTH's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of PURETECH HEALTH PLC 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 PURETECH HEALTH's income statement, its balance sheet, and the statement of cash flows.