2G ENERGY Current Valuation vs. Z Score
| 2GB Stock | EUR 21.95 0.15 0.69% |
For 2G ENERGY profitability analysis, we use financial ratios and fundamental drivers that measure the ability of 2G ENERGY to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well 2G ENERGY utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between 2G ENERGY's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of 2G ENERGY over time as well as its relative position and ranking within its peers.
2GB |
2G ENERGY Z Score vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining 2G ENERGY's current stock value. Our valuation model uses many indicators to compare 2G ENERGY value to that of its competitors to determine the firm's financial worth. 2G ENERGY is rated second in current valuation category among its peers. It is number one stock in z score category among its peers . The ratio of Current Valuation to Z Score for 2G ENERGY is about 5,243,289 . 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 2G ENERGY's earnings, one of the primary drivers of an investment's value.2GB Current Valuation vs. Competition
2G ENERGY is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other industry is presently estimated at about 173.89 Billion. 2G ENERGY adds roughly 427.85 Million in current valuation claiming only tiny portion of all equities under Other industry.
2GB Z Score 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.
2G ENERGY |
| = | 427.85 M |
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.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
2G ENERGY |
| = | 81.6 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
2GB Z Score Comparison
2G ENERGY is currently under evaluation in z score category among its peers.
2GB Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on 2G ENERGY. 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 2G ENERGY 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 2G ENERGY's important profitability drivers and their relationship over time.
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| Current Valuation vs Total Asset |
Use 2G ENERGY 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 2G ENERGY 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 2G ENERGY will appreciate offsetting losses from the drop in the long position's value.2G ENERGY Pair Trading
2G ENERGY Pair Trading Analysis
The ability to find closely correlated positions to 2G ENERGY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 2G ENERGY 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 2G ENERGY - 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 2G ENERGY to buy it.
The correlation of 2G ENERGY 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 2G ENERGY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 2G ENERGY 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 2G ENERGY 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 2G ENERGY position
In addition to having 2G ENERGY 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 Casinos Thematic Idea Now
Casinos
Companies that are related to providing casino-type services across multiple geographical areas. The Casinos theme has 51 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 Casinos Theme or any other thematic opportunities.
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Additional Tools for 2GB Stock Analysis
When running 2G ENERGY's price analysis, check to measure 2G ENERGY's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 2G ENERGY is operating at the current time. Most of 2G ENERGY's value examination focuses on studying past and present price action to predict the probability of 2G ENERGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 2G ENERGY's price. Additionally, you may evaluate how the addition of 2G ENERGY to your portfolios can decrease your overall portfolio volatility.