Inrad Optics EBITDA vs. Return On Asset
| INRDDelisted Stock | USD 1.09 0.00 0.00% |
For Inrad Optics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Inrad Optics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Inrad Optics utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Inrad Optics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Inrad Optics over time as well as its relative position and ranking within its peers.
Inrad |
Inrad Optics Return On Asset vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Inrad Optics's current stock value. Our valuation model uses many indicators to compare Inrad Optics value to that of its competitors to determine the firm's financial worth. Inrad Optics is rated below average in ebitda category among its peers. It is rated below average in return on asset category among its peers . The ratio of EBITDA to Return On Asset for Inrad Optics is about 72,535,035 . 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 Inrad Optics' earnings, one of the primary drivers of an investment's value.Inrad Return On Asset vs. EBITDA
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.
Inrad Optics |
| = | 2.07 M |
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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Inrad Optics |
| = | 0.0286 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Inrad Return On Asset Comparison
Inrad Optics is currently under evaluation in return on asset category among its peers.
Inrad Optics Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Inrad Optics, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Inrad Optics will eventually generate negative long term returns. The profitability progress is the general direction of Inrad Optics' change in net profit over the period of time. It can combine multiple indicators of Inrad Optics, 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.
Inrad Optics, Inc., together with its subsidiaries, develops, manufactures, and markets crystal-based optical components and devices, custom optical components, and precision optical and opto-mechanical assemblies worldwide. Inrad Optics, Inc. was incorporated in 1973 and is based in Northvale, New Jersey. Inrad Optics operates under Electronic Components classification in the United States and is traded on OTC Exchange. It employs 53 people.
Inrad Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Inrad Optics. 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 Inrad Optics 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 Inrad Optics' important profitability drivers and their relationship over time.
Use Inrad Optics 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 Inrad Optics 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 Inrad Optics will appreciate offsetting losses from the drop in the long position's value.Inrad Optics Pair Trading
Inrad Optics Pair Trading Analysis
The ability to find closely correlated positions to Inrad Optics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inrad Optics 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 Inrad Optics - 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 Inrad Optics to buy it.
The correlation of Inrad Optics 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 Inrad Optics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inrad Optics 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 Inrad Optics 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 Inrad Optics position
In addition to having Inrad Optics 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 Banks Thematic Idea Now
Banks
Large and small money and credit banks and credit services. The Banks theme has 42 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 Banks 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 metropolitan statistical area. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Consideration for investing in Inrad Pink Sheet
If you are still planning to invest in Inrad Optics 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 Inrad Optics' history and understand the potential risks before investing.
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