Ardent Leisure Shares Outstanding vs. Current Ratio
Based on the measurements of profitability obtained from Ardent Leisure's financial statements, Ardent Leisure Group may not be well positioned to generate adequate gross income at this time. It has a very high odds of underperforming in December. Profitability indicators assess Ardent Leisure's ability to earn profits and add value for shareholders.
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 metropolitan statistical area.
Please note, there is a significant difference between Ardent Leisure's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ardent Leisure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ardent Leisure'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.
For Ardent Leisure profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ardent Leisure to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ardent Leisure Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ardent Leisure's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ardent Leisure Group over time as well as its relative position and ranking within its peers.
Ardent |
Ardent Leisure Group Current Ratio vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ardent Leisure's current stock value. Our valuation model uses many indicators to compare Ardent Leisure value to that of its competitors to determine the firm's financial worth. Ardent Leisure Group is number one stock in shares outstanding category among its peers. It also is number one stock in current ratio category among its peers . The ratio of Shares Outstanding to Current Ratio for Ardent Leisure Group is about 855,818,182 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Ardent Leisure 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.Ardent Current Ratio vs. Shares Outstanding
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.
Ardent Leisure |
| = | 470.7 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.
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.
Ardent Leisure |
| = | 0.55 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).
Ardent Current Ratio Comparison
Ardent Leisure is currently under evaluation in current ratio category among its peers.
Ardent Leisure Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ardent Leisure, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ardent Leisure will eventually generate negative long term returns. The profitability progress is the general direction of Ardent Leisure's change in net profit over the period of time. It can combine multiple indicators of Ardent Leisure, 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.
Ardent Leisure Group invests in and operates leisure and entertainment businesses in Australia and the United States. The Australian Theme Parks segment operates Dreamworld and WhiteWater World in Coomera, Queensland and the SkyPoint observation deck and climb in Surfers Paradise, Queensland. Ardent Leisure operates under Leisure classification in USA and is traded on OTC Market.
Ardent Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ardent Leisure. 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 Ardent Leisure 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 Ardent Leisure's important profitability drivers and their relationship over time.
Use Ardent Leisure 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 Ardent Leisure 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 Ardent Leisure will appreciate offsetting losses from the drop in the long position's value.Ardent Leisure Pair Trading
Ardent Leisure Group Pair Trading Analysis
The ability to find closely correlated positions to Gannett could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gannett 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 Gannett - 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 Gannett Co to buy it.
The correlation of Gannett 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 Gannett moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gannett 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 Gannett 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 Ardent Leisure position
In addition to having Ardent Leisure 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 Copper 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 metropolitan statistical area. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Ardent OTC BB Equity
If you are still planning to invest in Ardent Leisure Group 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 Ardent Leisure's history and understand the potential risks before investing.
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