Goobit Group Net Income vs. Profit Margin
| BTCX Stock | SEK 0.14 0.01 6.67% |
For Goobit Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Goobit Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Goobit Group AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Goobit Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Goobit Group AB over time as well as its relative position and ranking within its peers.
Goobit |
Goobit Group AB Profit Margin vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Goobit Group's current stock value. Our valuation model uses many indicators to compare Goobit Group value to that of its competitors to determine the firm's financial worth. Goobit Group AB is number one stock in net income category among its peers. It also is number one stock in profit margin 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 Goobit Group's earnings, one of the primary drivers of an investment's value.Goobit Profit Margin vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Goobit Group |
| = | (17.48 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Goobit Group |
| = | (0.12) % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
Goobit Profit Margin Comparison
Goobit Group is currently under evaluation in profit margin category among its peers.
Goobit Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Goobit Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Goobit Group will eventually generate negative long term returns. The profitability progress is the general direction of Goobit Group's change in net profit over the period of time. It can combine multiple indicators of Goobit Group, 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.
Goobit Group AB provides cryptocurrency exchange services in Sweden. The company was founded in 2012 and is based in Stockholm, Sweden. Goobit Group is traded on Stockholm Stock Exchange in Sweden.
Goobit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Goobit Group. 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 Goobit Group 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 Goobit Group's important profitability drivers and their relationship over time.
Use Goobit Group 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 Goobit Group 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 Goobit Group will appreciate offsetting losses from the drop in the long position's value.Goobit Group Pair Trading
Goobit Group AB Pair Trading Analysis
The ability to find closely correlated positions to Goobit Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goobit Group 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 Goobit Group - 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 Goobit Group AB to buy it.
The correlation of Goobit Group 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 Goobit Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goobit Group AB 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 Goobit Group 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 Goobit Group position
In addition to having Goobit Group 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 Communication Thematic Idea Now
Communication
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Communication theme has 61 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 Communication Theme or any other thematic opportunities.
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Additional Tools for Goobit Stock Analysis
When running Goobit Group's price analysis, check to measure Goobit Group'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 Goobit Group is operating at the current time. Most of Goobit Group's value examination focuses on studying past and present price action to predict the probability of Goobit Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goobit Group's price. Additionally, you may evaluate how the addition of Goobit Group to your portfolios can decrease your overall portfolio volatility.