EQRx Retained Earnings vs. Cash Per Share
| EQRXWDelisted Stock | USD 0.19 0.01 5.00% |
For EQRx profitability analysis, we use financial ratios and fundamental drivers that measure the ability of EQRx to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well EQRx Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between EQRx's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of EQRx Inc over time as well as its relative position and ranking within its peers.
EQRx |
EQRx Inc Cash Per Share vs. Retained Earnings Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining EQRx's current stock value. Our valuation model uses many indicators to compare EQRx value to that of its competitors to determine the firm's financial worth. EQRx Inc is rated # 2 in retained earnings category among its peers. It is one of the top stocks in cash per share category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value EQRx by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.EQRx Cash Per Share vs. Retained Earnings
Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
EQRx |
| = | (527.59 M) |
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
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.
EQRx |
| = | 10.51 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.
EQRx Cash Per Share Comparison
EQRx is currently under evaluation in cash per share category among its peers.
EQRx Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in EQRx, profitability is also one of the essential criteria for including it into their portfolios because, without profit, EQRx will eventually generate negative long term returns. The profitability progress is the general direction of EQRx's change in net profit over the period of time. It can combine multiple indicators of EQRx, 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.
EQRx, Inc., a pharmaceutical company, engages in developing medicines primarily for the treatment of oncology and immune-inflammatory diseases in the United States. EQRx, Inc. was founded in 2020 and is based in Cambridge, Massachusetts. Eqrx Inc operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 216 people.
EQRx Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on EQRx. 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 EQRx 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 EQRx's important profitability drivers and their relationship over time.
Use EQRx 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 EQRx 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 EQRx will appreciate offsetting losses from the drop in the long position's value.EQRx Pair Trading
EQRx Inc Pair Trading Analysis
The ability to find closely correlated positions to EQRx could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EQRx 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 EQRx - 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 EQRx Inc to buy it.
The correlation of EQRx 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 EQRx moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EQRx Inc 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 EQRx 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 EQRx position
In addition to having EQRx 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 Target Risk ETFs Thematic Idea Now
Target Risk ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Target Risk ETFs theme has 32 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 Target Risk ETFs Theme or any other thematic opportunities.
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Check out Investing Opportunities 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 interest. 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 EQRx Stock
If you are still planning to invest in EQRx Inc 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 EQRx's history and understand the potential risks before investing.
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