Able Energy Current Valuation vs. Market Capitalization
Please note, there is a significant difference between Able Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Able Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Able Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.Able Energy Market Capitalization vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Able Energy's current stock value. Our valuation model uses many indicators to compare Able Energy value to that of its competitors to determine the firm's financial worth. Able Energy is rated second in current valuation category among its peers. It is rated fourth in market capitalization category among its peers . The ratio of Current Valuation to Market Capitalization for Able Energy is about 2,399 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Able Energy by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Able Current Valuation vs. Competition
Able Energy is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is presently estimated at about 158 Million. Able Energy holds roughly 7.21 Million in current valuation claiming about 5% of equities under Energy industry.
Able Market Capitalization 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.
Able Energy |
| = | 7.21 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.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Able Energy |
| = | 3 K |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Able Market Capitalization vs Competition
Able Energy is rated fourth in market capitalization category among its peers. Market capitalization of Energy industry is presently estimated at about 86.44 Million. Able Energy adds roughly 3,004 in market capitalization claiming only tiny portion of equities under Energy industry.
Able Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Able Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Able Energy will eventually generate negative long term returns. The profitability progress is the general direction of Able Energy's change in net profit over the period of time. It can combine multiple indicators of Able Energy, 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.
Able Energy, Inc., through its subsidiaries, engages in the retail distribution of home heating oil, propane gas, kerosene, and diesel fuels to residential and commercial customers in the United States. Able Energy, Inc. was incorporated in 1997 and is based in Rockaway, New Jersey. Able Energy is traded on OTC Exchange in the United States.
Able Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Able 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 Able 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 Able Energy's important profitability drivers and their relationship over time.
Able Energy Earnings per Share Projection vs Actual
Use Able 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 Able 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 Able Energy will appreciate offsetting losses from the drop in the long position's value.Able Energy Pair Trading
Able Energy Pair Trading Analysis
The ability to find closely correlated positions to Avery Dennison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avery Dennison 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 Avery Dennison - 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 Avery Dennison Corp to buy it.
The correlation of Avery Dennison 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 Avery Dennison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avery Dennison 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 Avery Dennison 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 Able Energy position
In addition to having Able 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 Broad Debt ETFs Thematic Idea Now
Broad Debt ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Debt ETFs theme has 296 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 Broad Debt ETFs Theme or any other thematic opportunities.
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Check out Trending Equities 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 industry. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in Able Stock
If you are still planning to invest in Able Energy 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 Able Energy's history and understand the potential risks before investing.
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