ChitogenX Total Debt vs. Net Income
| CHNXF Stock | USD 0.01 0.00 0.00% |
For ChitogenX profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ChitogenX to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ChitogenX utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ChitogenX's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ChitogenX over time as well as its relative position and ranking within its peers.
ChitogenX |
ChitogenX Net Income vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ChitogenX's current stock value. Our valuation model uses many indicators to compare ChitogenX value to that of its competitors to determine the firm's financial worth. ChitogenX is rated third in total debt category among its peers. It is rated fourth in net income 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 ChitogenX's earnings, one of the primary drivers of an investment's value.ChitogenX Total Debt vs. Competition
ChitogenX is rated third in total debt category among its peers. Total debt of Biotechnology industry is currently estimated at about 309.97 Million. ChitogenX claims roughly 4.78 Million in total debt contributing just under 2% to stocks in Biotechnology industry.
ChitogenX Net Income vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
ChitogenX |
| = | 4.78 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
ChitogenX |
| = | (4.92 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.
ChitogenX Net Income Comparison
ChitogenX is currently under evaluation in net income category among its peers.
ChitogenX Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ChitogenX, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ChitogenX will eventually generate negative long term returns. The profitability progress is the general direction of ChitogenX's change in net profit over the period of time. It can combine multiple indicators of ChitogenX, 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.
ChitogenX Inc., an orthopaedic and sports medicine biologics company, engages in the research and development of novel therapeutic soft tissue repair technologies to enhance the success rate of sports medicine surgeries in Canada. ChitogenX Inc. was incorporated in 2015 and is headquartered in Kirkland, Canada. Chitogenx is traded on OTC Exchange in the United States.
ChitogenX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ChitogenX. 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 ChitogenX 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 ChitogenX's important profitability drivers and their relationship over time.
Use ChitogenX 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 ChitogenX 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 ChitogenX will appreciate offsetting losses from the drop in the long position's value.ChitogenX Pair Trading
ChitogenX Pair Trading Analysis
The ability to find closely correlated positions to ChitogenX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ChitogenX 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 ChitogenX - 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 ChitogenX to buy it.
The correlation of ChitogenX 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 ChitogenX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ChitogenX 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 ChitogenX 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 ChitogenX position
In addition to having ChitogenX 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 Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 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 Services Theme or any other thematic opportunities.
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Other Information on Investing in ChitogenX OTC Stock
To fully project ChitogenX's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ChitogenX 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 ChitogenX's income statement, its balance sheet, and the statement of cash flows.