Opthea Current Valuation vs. Gross Profit
| CKDXF Stock | USD 0.44 0.00 0.00% |
For Opthea profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Opthea to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Opthea utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Opthea's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Opthea over time as well as its relative position and ranking within its peers.
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Opthea Gross Profit vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Opthea's current stock value. Our valuation model uses many indicators to compare Opthea value to that of its competitors to determine the firm's financial worth. Opthea is the top company in current valuation category among its peers. It also is number one stock in gross profit category among its peers . The ratio of Current Valuation to Gross Profit for Opthea is about 4,266 . 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 Opthea's earnings, one of the primary drivers of an investment's value.Opthea Current Valuation vs. Competition
Opthea is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Biotechnology industry is currently estimated at about 26.78 Billion. Opthea maintains roughly 164.26 Million in current valuation contributing less than 1% to stocks in Biotechnology industry.
Opthea Gross Profit vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 164.26 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Opthea |
| = | 38.5 K |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Opthea Gross Profit Comparison
Opthea is currently under evaluation in gross profit category among its peers.
Opthea Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Opthea. 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 Opthea 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 Opthea's important profitability drivers and their relationship over time.
Use Opthea 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 Opthea 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 Opthea will appreciate offsetting losses from the drop in the long position's value.Opthea Pair Trading
Opthea Pair Trading Analysis
The ability to find closely correlated positions to Opthea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Opthea 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 Opthea - 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 Opthea to buy it.
The correlation of Opthea 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 Opthea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Opthea 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 Opthea 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 Opthea position
In addition to having Opthea 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 Corporate Bonds Funds Thematic Idea Now
Corporate Bonds Funds
Funds or Etfs investing in different types of corporate debt instruments. The Corporate Bonds Funds theme has 45 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 Corporate Bonds Funds Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Opthea Pink Sheet
When determining whether Opthea is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Opthea Pink Sheet is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Opthea Stock. Highlighted below are key reports to facilitate an investment decision about Opthea Stock:Check out Trending Equities. For more detail on how to invest in Opthea Pink Sheet please use our How to Invest in Opthea guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
To fully project Opthea's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Opthea 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 Opthea's income statement, its balance sheet, and the statement of cash flows.