Greencore Group Cash Per Share vs. Cash And Equivalents

GNCGY Stock  USD 11.20  1.16  11.55%   
Considering Greencore Group's profitability and operating efficiency indicators, Greencore Group PLC may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Greencore Group's ability to earn profits and add value for shareholders.
For Greencore Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Greencore Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Greencore Group PLC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Greencore Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Greencore Group PLC over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Greencore Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greencore Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greencore Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Greencore Group PLC Cash And Equivalents vs. Cash Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Greencore Group's current stock value. Our valuation model uses many indicators to compare Greencore Group value to that of its competitors to determine the firm's financial worth.
Greencore Group PLC is one of the top stocks in cash per share category among its peers. It also is one of the top stocks in cash and equivalents category among its peers creating about  130,634,921  of Cash And Equivalents per Cash Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Greencore Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Greencore Group's 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.

Greencore Cash And Equivalents vs. Cash Per Share

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.

Greencore Group

Cash Per Share

 = 

Total Cash

Average Shares

 = 
0.63 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.
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.

Greencore Group

Cash

 = 

Bank Deposits

+

Liquidities

 = 
82.3 M
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).

Greencore Cash And Equivalents Comparison

Greencore Group is currently under evaluation in cash and equivalents category among its peers.

Greencore Group Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Greencore Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Greencore Group will eventually generate negative long term returns. The profitability progress is the general direction of Greencore Group's change in net profit over the period of time. It can combine multiple indicators of Greencore Group, 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.
Greencore Group plc, together with its subsidiaries, engages in the manufacture and sale of convenience food products primarily in the United Kingdom and Ireland. Greencore Group plc was incorporated in 1991 and is headquartered in Dublin, Ireland. Greencore Group operates under Packaged Foods classification in the United States and is traded on OTC Exchange. It employs 13000 people.

Greencore Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Greencore Group. 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 Greencore Group 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 Greencore Group's important profitability drivers and their relationship over time.

Use Greencore Group 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 Greencore Group 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 Greencore Group will appreciate offsetting losses from the drop in the long position's value.

Greencore Group Pair Trading

Greencore Group PLC Pair Trading Analysis

The ability to find closely correlated positions to Greencore Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Greencore Group 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 Greencore Group - 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 Greencore Group PLC to buy it.
The correlation of Greencore Group 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 Greencore Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Greencore Group PLC 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 Greencore Group 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Greencore Group position

In addition to having Greencore Group 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.

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Run Large Value Funds Thematic Idea Now

Large Value Funds
Large Value Funds Theme
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds 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 Large Value Funds Theme or any other thematic opportunities.
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Additional Tools for Greencore Pink Sheet Analysis

When running Greencore Group's price analysis, check to measure Greencore Group'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 Greencore Group is operating at the current time. Most of Greencore Group's value examination focuses on studying past and present price action to predict the probability of Greencore Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greencore Group's price. Additionally, you may evaluate how the addition of Greencore Group to your portfolios can decrease your overall portfolio volatility.