Cogstate Revenue vs. Cash Per Share
| COGZF Stock | USD 0.64 0.01 1.59% |
For Cogstate profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cogstate to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cogstate Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cogstate's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cogstate Limited over time as well as its relative position and ranking within its peers.
Cogstate |
Cogstate Limited Cash Per Share vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cogstate's current stock value. Our valuation model uses many indicators to compare Cogstate value to that of its competitors to determine the firm's financial worth. Cogstate Limited is the top company in revenue category among its peers. It also is number one stock in cash per share category among its peers . The ratio of Revenue to Cash Per Share for Cogstate Limited is about 249,890,867 . 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 Cogstate's earnings, one of the primary drivers of an investment's value.Cogstate Revenue vs. Competition
Cogstate Limited is the top company in revenue category among its peers. Market size based on revenue of Health Information Services industry is currently estimated at about 31.63 Billion. Cogstate adds roughly 44.98 Million in revenue claiming only tiny portion of equities under Health Information Services industry.
Cogstate Cash Per Share vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Cogstate |
| = | 44.98 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Cogstate |
| = | 0.18 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Cogstate Cash Per Share Comparison
Cogstate is currently under evaluation in cash per share category among its peers.
Cogstate Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cogstate, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cogstate will eventually generate negative long term returns. The profitability progress is the general direction of Cogstate's change in net profit over the period of time. It can combine multiple indicators of Cogstate, 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.
Cogstate Limited, a neuroscience technology company, provides computerized cognitive tests and electronic clinical outcome assessment solutions. Cogstate Limited was incorporated in 1999 and is based in Melbourne, Australia. Cogstate operates under Health Information Services classification in the United States and is traded on OTC Exchange. It employs 380 people.
Cogstate Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cogstate. 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 Cogstate 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 Cogstate's important profitability drivers and their relationship over time.
Use Cogstate 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 Cogstate 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 Cogstate will appreciate offsetting losses from the drop in the long position's value.Cogstate Pair Trading
Cogstate Limited Pair Trading Analysis
The ability to find closely correlated positions to Cogstate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogstate 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 Cogstate - 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 Cogstate Limited to buy it.
The correlation of Cogstate 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 Cogstate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogstate Limited 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 Cogstate 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 Cogstate position
In addition to having Cogstate 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?
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Other Information on Investing in Cogstate OTC Stock
To fully project Cogstate's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cogstate Limited 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 Cogstate's income statement, its balance sheet, and the statement of cash flows.