Conduit Pharmaceuticals Net Income vs. Beta
| CDTTW Stock | 0.02 0.01 43.62% |
Net Loss | First Reported 2010-12-31 | Previous Quarter -535 K | Current Value -561.8 K | Quarterly Volatility 1.2 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Return On Equity | 0.61 | 1.1707 |
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For Conduit Pharmaceuticals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Conduit Pharmaceuticals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Conduit Pharmaceuticals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Conduit Pharmaceuticals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Conduit Pharmaceuticals over time as well as its relative position and ranking within its peers.
Conduit |
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Conduit Pharmaceuticals. If investors know Conduit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Conduit Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (3.22) |
The market value of Conduit Pharmaceuticals is measured differently than its book value, which is the value of Conduit that is recorded on the company's balance sheet. Investors also form their own opinion of Conduit Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is Conduit Pharmaceuticals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Conduit Pharmaceuticals' market value can be influenced by many factors that don't directly affect Conduit Pharmaceuticals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Conduit Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Conduit Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Conduit Pharmaceuticals' 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.
Conduit Pharmaceuticals Beta vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Conduit Pharmaceuticals's current stock value. Our valuation model uses many indicators to compare Conduit Pharmaceuticals value to that of its competitors to determine the firm's financial worth. Conduit Pharmaceuticals is number one stock in net income category among its peers. It also is number one stock in beta category among its peers . At this time, Conduit Pharmaceuticals' Net Loss is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Conduit Pharmaceuticals 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.Conduit Beta 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.
Conduit Pharmaceuticals |
| = | (535 K) |
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.
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.
Conduit Pharmaceuticals |
| = | 2.12 |
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.
Conduit Beta Comparison
Conduit Pharmaceuticals is currently under evaluation in beta category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Conduit Pharmaceuticals will likely underperform.
Conduit Pharmaceuticals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Conduit Pharmaceuticals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Conduit Pharmaceuticals will eventually generate negative long term returns. The profitability progress is the general direction of Conduit Pharmaceuticals' change in net profit over the period of time. It can combine multiple indicators of Conduit Pharmaceuticals, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 411 K | 379.1 K | |
| Operating Income | -5.6 M | -5.8 M | |
| Net Loss | -535 K | -561.8 K | |
| Income Before Tax | -535 K | -561.8 K | |
| Total Other Income Expense Net | 5 M | 5.3 M | |
| Net Loss | -535 K | -561.8 K | |
| Income Tax Expense | -167.9 K | -159.5 K | |
| Net Interest Income | -392 K | -372.4 K | |
| Interest Income | 30 K | 16.5 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 14.44 | 15.16 |
Conduit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Conduit Pharmaceuticals. 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 Conduit Pharmaceuticals 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 Conduit Pharmaceuticals' important profitability drivers and their relationship over time.
Use Conduit Pharmaceuticals 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 Conduit Pharmaceuticals 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 Conduit Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.Conduit Pharmaceuticals Pair Trading
Conduit Pharmaceuticals Pair Trading Analysis
The ability to find closely correlated positions to Conduit Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Conduit Pharmaceuticals 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 Conduit Pharmaceuticals - 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 Conduit Pharmaceuticals to buy it.
The correlation of Conduit Pharmaceuticals 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 Conduit Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Conduit Pharmaceuticals 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 Conduit Pharmaceuticals 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 Conduit Pharmaceuticals position
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Additional Tools for Conduit Stock Analysis
When running Conduit Pharmaceuticals' price analysis, check to measure Conduit Pharmaceuticals' 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 Conduit Pharmaceuticals is operating at the current time. Most of Conduit Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Conduit Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Conduit Pharmaceuticals' price. Additionally, you may evaluate how the addition of Conduit Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.