BLOK Technologies Cash And Equivalents vs. Beta
Based on BLOK Technologies' profitability indicators, BLOK Technologies may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess BLOK Technologies' ability to earn profits and add value for shareholders.
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For BLOK Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BLOK Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well BLOK Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between BLOK Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of BLOK Technologies over time as well as its relative position and ranking within its peers.
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BLOK Technologies Beta vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining BLOK Technologies's current stock value. Our valuation model uses many indicators to compare BLOK Technologies value to that of its competitors to determine the firm's financial worth. BLOK Technologies is rated below average in cash and equivalents category among its peers. It is rated below average in beta category among its peers . 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 BLOK Technologies' earnings, one of the primary drivers of an investment's value.BLOK Beta vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
BLOK Technologies |
| = | 2.43 K |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
BLOK Technologies |
| = | -9.58 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
BLOK Beta Comparison
BLOK Technologies is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, returns on owning BLOK Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, BLOK Technologies is expected to outperform it.
BLOK Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in BLOK Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, BLOK Technologies will eventually generate negative long term returns. The profitability progress is the general direction of BLOK Technologies' change in net profit over the period of time. It can combine multiple indicators of BLOK Technologies, 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.
BLOK Technologies Inc., through its subsidiary, Greenstream Networks Inc., develops blockchain-enabled supply chain integrity platform for the legalized cannabis industry. BLOK Technologies Inc. was incorporated in 2013 and is headquartered in North Vancouver, Canada. BLOK TECHNOLOGIES is traded on PNK Exchange in the United States.
BLOK Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on BLOK Technologies. 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 BLOK Technologies 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 BLOK Technologies' important profitability drivers and their relationship over time.
Use BLOK Technologies 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 BLOK Technologies 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 BLOK Technologies will appreciate offsetting losses from the drop in the long position's value.BLOK Technologies Pair Trading
BLOK Technologies Pair Trading Analysis
The ability to find closely correlated positions to BLOK Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BLOK Technologies 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 BLOK Technologies - 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 BLOK Technologies to buy it.
The correlation of BLOK Technologies 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 BLOK Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BLOK Technologies 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 BLOK Technologies 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 BLOK Technologies position
In addition to having BLOK Technologies 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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IT
Information Technology (IT) companies and IT service providers across different domains. The IT theme has 48 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 IT Theme or any other thematic opportunities.
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Other Information on Investing in BLOK Pink Sheet
To fully project BLOK Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of BLOK Technologies 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 BLOK Technologies' income statement, its balance sheet, and the statement of cash flows.