Hexo Corp Price To Sales vs. Gross Profit
| HEXODelisted Stock | USD 0.71 0.00 0.00% |
For Hexo Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hexo Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hexo Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hexo Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hexo Corp over time as well as its relative position and ranking within its peers.
Hexo |
Hexo Corp Gross Profit vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hexo Corp's current stock value. Our valuation model uses many indicators to compare Hexo Corp value to that of its competitors to determine the firm's financial worth. Hexo Corp is rated below average in price to sales category among its peers. It is rated # 4 in gross profit category among its peers . 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 Hexo Corp's earnings, one of the primary drivers of an investment's value.Hexo Gross Profit vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Hexo Corp |
| = | 0.43 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Hexo Corp |
| = | (75.67 M) |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Hexo Gross Profit Comparison
Hexo Corp is currently under evaluation in gross profit category among its peers.
Hexo Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hexo Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hexo Corp will eventually generate negative long term returns. The profitability progress is the general direction of Hexo Corp's change in net profit over the period of time. It can combine multiple indicators of Hexo Corp, 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.
HEXO Corp., through its subsidiaries, produces, markets, and sells cannabis in Canada. HEXO Corp. was founded in 2013 and is headquartered in Gatineau, Canada. Hexo Corp is traded on NASDAQ Exchange in the United States.
Hexo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hexo Corp. 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 Hexo Corp 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 Hexo Corp's important profitability drivers and their relationship over time.
Use Hexo Corp 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 Hexo Corp 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 Hexo Corp will appreciate offsetting losses from the drop in the long position's value.Hexo Corp Pair Trading
Hexo Corp Pair Trading Analysis
The ability to find closely correlated positions to Hexo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hexo Corp 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 Hexo Corp - 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 Hexo Corp to buy it.
The correlation of Hexo Corp 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 Hexo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hexo Corp 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 Hexo Corp 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 Hexo Corp position
In addition to having Hexo Corp 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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Mid Cap ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Mid Cap ETFs theme has 70 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 Mid Cap ETFs Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Hexo Stock
If you are still planning to invest in Hexo Corp 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 Hexo Corp's history and understand the potential risks before investing.
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