Greater Cannabis Price To Earning vs. EBITDA
| GCAN Stock | USD 0.0004 0.0001 20.00% |
For Greater Cannabis profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Greater Cannabis to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Greater Cannabis utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Greater Cannabis's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Greater Cannabis over time as well as its relative position and ranking within its peers.
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Greater Cannabis EBITDA vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Greater Cannabis's current stock value. Our valuation model uses many indicators to compare Greater Cannabis value to that of its competitors to determine the firm's financial worth. Greater Cannabis is one of the top stocks in price to earning category among its peers. It also is one of the top stocks in ebitda category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Greater Cannabis by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Greater Cannabis' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Greater EBITDA 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.
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| = | 3.90 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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Greater Cannabis |
| = | (310.21 K) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Greater EBITDA Comparison
Greater Cannabis is currently under evaluation in ebitda category among its peers.
Greater Cannabis Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Greater Cannabis, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Greater Cannabis will eventually generate negative long term returns. The profitability progress is the general direction of Greater Cannabis' change in net profit over the period of time. It can combine multiple indicators of Greater Cannabis, 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.
The Greater Cannabis Company, Inc. engages in the development and commercialization of cannabinoid therapeutics. The company was founded in 2014 and is based in Baltimore, Maryland. Greater Cannabis operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 1 people.
Greater Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Greater Cannabis. 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 Greater Cannabis 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 Greater Cannabis' important profitability drivers and their relationship over time.
Use Greater Cannabis 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 Greater Cannabis 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 Greater Cannabis will appreciate offsetting losses from the drop in the long position's value.Greater Cannabis Pair Trading
Greater Cannabis Pair Trading Analysis
The ability to find closely correlated positions to Greater Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greater Cannabis 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 Greater Cannabis - 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 Greater Cannabis to buy it.
The correlation of Greater Cannabis 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 Greater Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greater Cannabis 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 Greater Cannabis 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 Greater Cannabis position
In addition to having Greater Cannabis 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 Education Thematic Idea Now
Education
Companies involved in apprenticeship, education, tutoring, schooling, online universities, and other learning services. The Education theme has 46 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 Education Theme or any other thematic opportunities.
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Other Information on Investing in Greater Pink Sheet
To fully project Greater Cannabis' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Greater Cannabis 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 Greater Cannabis' income statement, its balance sheet, and the statement of cash flows.