Covista Communications Price To Sales vs. Revenue
| 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 Revenue vs. Price To Sales 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 sales category among its peers. It also is the top company in revenue category among its peers totaling about 193,031,365 of Revenue per Price To Sales. 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 Revenue vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Covista Communications |
| = | 0.31 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
Covista Communications |
| = | 59.84 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.
Covista Revenue vs Competition
Covista Communications is the top company in revenue category among its peers. Market size based on revenue of Communication Services industry is currently estimated at about 209.15 Billion. Covista Communications adds roughly 59.84 Million in revenue claiming only tiny portion of stocks in Communication Services industry.
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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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