Covista Communications Price To Earning vs. Current Liabilities
| CVSTDelisted Stock | USD 0.02 0.00 0.00% |
For Covista Communications profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Covista Communications to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Covista Communications utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Covista Communications's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Covista Communications over time as well as its relative position and ranking within its peers.
Covista |
Covista Communications Current Liabilities vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Covista Communications's current stock value. Our valuation model uses many indicators to compare Covista Communications value to that of its competitors to determine the firm's financial worth. Covista Communications is number one stock in price to earning category among its peers. It also is number one stock in current liabilities 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 Covista Communications' earnings, one of the primary drivers of an investment's value.Covista Current Liabilities vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Covista Communications |
| = | (0.02) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Covista Communications |
| = | 10.83 M |
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
Covista Current Liabilities Comparison
Covista Communications is currently under evaluation in current liabilities category among its peers.
Covista Communications Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Covista Communications, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Covista Communications will eventually generate negative long term returns. The profitability progress is the general direction of Covista Communications' change in net profit over the period of time. It can combine multiple indicators of Covista Communications, 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.
Covista Communications, Inc. provides telecommunications and data services in the United States. The company was founded in 1959 and is based in Hickory, North Carolina. Covista Comm operates under Telecom Services classification in the United States and is traded on OTC Exchange. It employs 162 people.
Covista Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Covista Communications. 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 Covista Communications 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 Covista Communications' important profitability drivers and their relationship over time.
Use Covista Communications 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 Covista Communications 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 Covista Communications will appreciate offsetting losses from the drop in the long position's value.Covista Communications Pair Trading
Covista Communications Pair Trading Analysis
The ability to find closely correlated positions to Covista Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covista Communications 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 Covista Communications - 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 Covista Communications to buy it.
The correlation of Covista Communications 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 Covista Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covista Communications 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 Covista Communications 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 Covista Communications position
In addition to having Covista Communications 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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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Other Consideration for investing in Covista Pink Sheet
If you are still planning to invest in Covista Communications check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Covista Communications' history and understand the potential risks before investing.
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