Evolution Shares Outstanding vs. Revenue
| EVO Stock | SEK 952.00 23.00 2.36% |
For Evolution profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Evolution to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Evolution AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Evolution's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Evolution AB over time as well as its relative position and ranking within its peers.
Evolution |
Evolution AB Revenue vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Evolution's current stock value. Our valuation model uses many indicators to compare Evolution value to that of its competitors to determine the firm's financial worth. Evolution AB is one of the top stocks in shares outstanding category among its peers. It also is rated as one of the top companies in revenue category among its peers totaling about 5.01 of Revenue per Shares Outstanding. 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 Evolution's earnings, one of the primary drivers of an investment's value.Evolution Revenue vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Evolution |
| = | 213.2 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Evolution |
| = | 1.07 B |
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.
Evolution Revenue vs Competition
Evolution AB is rated as one of the top companies in revenue category among its peers. Market size based on revenue of Gambling industry is currently estimated at about 41.63 Billion. Evolution holds roughly 1.07 Billion in revenue claiming about 2.57% of equities under Gambling industry.
Evolution Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Evolution, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Evolution will eventually generate negative long term returns. The profitability progress is the general direction of Evolution's change in net profit over the period of time. It can combine multiple indicators of Evolution, 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.
Evolution AB develops, produces, markets, and licenses live casino and slots solutions to gaming operators primarily in Europe and the United States. Evolution AB was founded in 2006 and is headquartered in Stockholm, Sweden. Evolution Gaming operates under Entertainment And Broadcasting classification in Sweden and is traded on Stockholm Stock Exchange. It employs 7835 people.
Evolution Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Evolution. 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 Evolution 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 Evolution's important profitability drivers and their relationship over time.
Use Evolution 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 Evolution 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 Evolution will appreciate offsetting losses from the drop in the long position's value.Evolution Pair Trading
Evolution AB Pair Trading Analysis
The ability to find closely correlated positions to Evolution could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolution 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 Evolution - 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 Evolution AB to buy it.
The correlation of Evolution 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 Evolution moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolution AB 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 Evolution 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 Evolution position
In addition to having Evolution 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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Dynamically computed list of top cryptocurrencies sorted bymarket capitalization. The Cryptocurrency theme has 50 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 Cryptocurrency Theme or any other thematic opportunities.
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Additional Tools for Evolution Stock Analysis
When running Evolution's price analysis, check to measure Evolution's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Evolution is operating at the current time. Most of Evolution's value examination focuses on studying past and present price action to predict the probability of Evolution's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolution's price. Additionally, you may evaluate how the addition of Evolution to your portfolios can decrease your overall portfolio volatility.