Leet Technology Return On Asset vs. Cash And Equivalents
| LTES Stock | USD 0.04 0.00 0.00% |
For Leet Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Leet Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Leet Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Leet Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Leet Technology over time as well as its relative position and ranking within its peers.
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Leet Technology Cash And Equivalents vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Leet Technology's current stock value. Our valuation model uses many indicators to compare Leet Technology value to that of its competitors to determine the firm's financial worth. Leet Technology is rated third overall in return on asset category among its peers. It is currently regarded as number one stock in cash and equivalents 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 Leet Technology's earnings, one of the primary drivers of an investment's value.Leet Cash And Equivalents vs. Return On Asset
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.
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| = | -4.18 |
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.
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.
Leet Technology |
| = | 28.85 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).
Leet Cash And Equivalents Comparison
Leet Technology is currently under evaluation in cash and equivalents category among its peers.
Leet Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Leet Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Leet Technology will eventually generate negative long term returns. The profitability progress is the general direction of Leet Technology's change in net profit over the period of time. It can combine multiple indicators of Leet Technology, 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.
Leet Technology Inc., through its subsidiaries, operates an eSports platform in Malaysia. The company was formerly known as Blow Drive Interlock Corporation and changed its name to Leet Technology Inc. in August 2021. Leet Technology operates under Entertainment classification in the United States and is traded on OTC Exchange. It employs 35 people.
Leet Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Leet Technology. 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 Leet Technology 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 Leet Technology's important profitability drivers and their relationship over time.
Use Leet Technology 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 Leet Technology 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 Leet Technology will appreciate offsetting losses from the drop in the long position's value.Leet Technology Pair Trading
Leet Technology Pair Trading Analysis
The ability to find closely correlated positions to Leet Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leet Technology 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 Leet Technology - 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 Leet Technology to buy it.
The correlation of Leet Technology 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 Leet Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leet Technology 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 Leet Technology 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 Leet Technology position
In addition to having Leet Technology 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 Momentum Thematic Idea Now
Momentum
Large corporations operating in software, education, financial and car manufacturing industries. The Momentum theme has 40 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 Momentum Theme or any other thematic opportunities.
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Additional Tools for Leet Pink Sheet Analysis
When running Leet Technology's price analysis, check to measure Leet Technology'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 Leet Technology is operating at the current time. Most of Leet Technology's value examination focuses on studying past and present price action to predict the probability of Leet Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leet Technology's price. Additionally, you may evaluate how the addition of Leet Technology to your portfolios can decrease your overall portfolio volatility.