Cann American Return On Equity vs. Price To Book
| CNNA Stock | USD 0 0.0001 3.03% |
For Cann American profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cann American to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cann American Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cann American's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cann American Corp over time as well as its relative position and ranking within its peers.
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Cann American Corp Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cann American's current stock value. Our valuation model uses many indicators to compare Cann American value to that of its competitors to determine the firm's financial worth. Cann American Corp is rated second in return on equity category among its peers. It is number one stock in price to book category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Cann American by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cann American's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Cann Price To Book vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Cann American |
| = | -2.6 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Cann American |
| = | 0.0007 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Cann American Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cann American, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cann American will eventually generate negative long term returns. The profitability progress is the general direction of Cann American's change in net profit over the period of time. It can combine multiple indicators of Cann American, 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.
Cann American Corp., a development stage company, focuses on the development of Cannabis sativa strains for pets in various European Union countries. Cann American Corp. was founded in 2004 and is based in Cloverdale, California. CANN AMERICAN operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 1 people.
Cann Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cann American. 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 Cann American 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 Cann American's important profitability drivers and their relationship over time.
Use Cann American 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 Cann American 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 Cann American will appreciate offsetting losses from the drop in the long position's value.Cann American Pair Trading
Cann American Corp Pair Trading Analysis
The ability to find closely correlated positions to Cann American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cann American 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 Cann American - 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 Cann American Corp to buy it.
The correlation of Cann American 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 Cann American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cann American Corp 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 Cann American 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 Cann American position
In addition to having Cann American 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 Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 38 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 Rentals Theme or any other thematic opportunities.
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Other Information on Investing in Cann Pink Sheet
To fully project Cann American's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cann American Corp 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 Cann American's income statement, its balance sheet, and the statement of cash flows.