GameOn Entertainment Debt To Equity vs. Cash And Equivalents
| GMETF Stock | USD 0.01 0 28.05% |
For GameOn Entertainment profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GameOn Entertainment to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GameOn Entertainment Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GameOn Entertainment's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GameOn Entertainment Technologies over time as well as its relative position and ranking within its peers.
GameOn |
GameOn Entertainment Cash And Equivalents vs. Debt To Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GameOn Entertainment's current stock value. Our valuation model uses many indicators to compare GameOn Entertainment value to that of its competitors to determine the firm's financial worth. GameOn Entertainment Technologies is rated # 3 in debt to equity category among its peers. It is rated # 5 in cash and equivalents category among its peers creating about 7,933 of Cash And Equivalents per Debt To Equity. 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 GameOn Entertainment's earnings, one of the primary drivers of an investment's value.GameOn Cash And Equivalents vs. Debt To Equity
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
GameOn Entertainment |
| = | 0.59 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
GameOn Entertainment |
| = | 4.72 K |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
GameOn Cash And Equivalents Comparison
GameOn Entertainment is currently under evaluation in cash and equivalents category among its peers.
GameOn Entertainment Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GameOn Entertainment, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GameOn Entertainment will eventually generate negative long term returns. The profitability progress is the general direction of GameOn Entertainment's change in net profit over the period of time. It can combine multiple indicators of GameOn Entertainment, 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.
GameOn Entertainment Technologies Inc. provides white label game technologies. GameOn Entertainment Technologies Inc. was incorporated in 2010 and is headquartered in Vancouver, Canada. Gameon Entertainment operates under Electronic Gaming Multimedia classification in the United States and is traded on OTC Exchange.
GameOn Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GameOn Entertainment. 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 GameOn Entertainment 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 GameOn Entertainment's important profitability drivers and their relationship over time.
Use GameOn Entertainment 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 GameOn Entertainment 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 GameOn Entertainment will appreciate offsetting losses from the drop in the long position's value.GameOn Entertainment Pair Trading
GameOn Entertainment Technologies Pair Trading Analysis
The ability to find closely correlated positions to GameOn Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GameOn Entertainment 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 GameOn Entertainment - 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 GameOn Entertainment Technologies to buy it.
The correlation of GameOn Entertainment 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 GameOn Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GameOn Entertainment 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 GameOn Entertainment 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 GameOn Entertainment position
In addition to having GameOn Entertainment 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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Other Information on Investing in GameOn OTC Stock
To fully project GameOn Entertainment's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of GameOn Entertainment 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 GameOn Entertainment's income statement, its balance sheet, and the statement of cash flows.