Magplane Technology Current Ratio vs. Shares Outstanding
| MAGP Stock | USD 0.0001 0.00 0.00% |
For Magplane Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Magplane Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Magplane Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Magplane Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Magplane Technology over time as well as its relative position and ranking within its peers.
Magplane |
Is Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magplane Technology. If investors know Magplane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magplane Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.82) |
The market value of Magplane Technology is measured differently than its book value, which is the value of Magplane that is recorded on the company's balance sheet. Investors also form their own opinion of Magplane Technology's value that differs from its market value or its book value, called intrinsic value, which is Magplane Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magplane Technology's market value can be influenced by many factors that don't directly affect Magplane Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magplane Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magplane Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magplane Technology'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.
Magplane Technology Shares Outstanding vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Magplane Technology's current stock value. Our valuation model uses many indicators to compare Magplane Technology value to that of its competitors to determine the firm's financial worth. Magplane Technology is considered to be number one stock in current ratio category among its peers. It also is considered to be number one stock in shares outstanding category among its peers creating about 1,335,714,286 of Shares Outstanding per Current Ratio. Comparative valuation analysis is a catch-all technique that is used if you cannot value Magplane Technology by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Magplane Shares Outstanding vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Magplane Technology |
| = | 0.14 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Magplane Technology |
| = | 187 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Magplane Shares Outstanding Comparison
Magplane Technology is currently under evaluation in shares outstanding category among its peers.
Magplane Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Magplane Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Magplane Technology will eventually generate negative long term returns. The profitability progress is the general direction of Magplane Technology's change in net profit over the period of time. It can combine multiple indicators of Magplane 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | -179.9 K | -188.9 K | |
| Net Loss | -234 K | -245.7 K | |
| Income Before Tax | -234 K | -245.7 K | |
| Total Other Income Expense Net | -42.3 K | -44.5 K | |
| Net Loss | -234 K | -245.7 K | |
| Net Loss | -234 K | -245.7 K | |
| Change To Netincome | 42.4 K | 40.3 K |
Magplane Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Magplane 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 Magplane 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 Magplane Technology's important profitability drivers and their relationship over time.
Use Magplane 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 Magplane 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 Magplane Technology will appreciate offsetting losses from the drop in the long position's value.Magplane Technology Pair Trading
Magplane Technology Pair Trading Analysis
The ability to find closely correlated positions to Magplane 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 Magplane 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 Magplane 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 Magplane Technology to buy it.
The correlation of Magplane 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 Magplane Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magplane 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 Magplane 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 Magplane Technology position
In addition to having Magplane 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?
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Health Management
Major hospitals and healthcare providers. The Health Management theme has 46 constituents at this time.
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Additional Tools for Magplane Stock Analysis
When running Magplane Technology's price analysis, check to measure Magplane 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 Magplane Technology is operating at the current time. Most of Magplane Technology's value examination focuses on studying past and present price action to predict the probability of Magplane 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 Magplane Technology's price. Additionally, you may evaluate how the addition of Magplane Technology to your portfolios can decrease your overall portfolio volatility.