Nanexa AB Price To Book vs. Revenue
| NANEXA Stock | 1.95 0.35 21.87% |
For Nanexa AB profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nanexa AB to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nanexa AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nanexa AB's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nanexa AB over time as well as its relative position and ranking within its peers.
Nanexa |
Nanexa AB Revenue vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nanexa AB's current stock value. Our valuation model uses many indicators to compare Nanexa AB value to that of its competitors to determine the firm's financial worth. Nanexa AB is regarded third in price to book category among its peers. It is regarded second in revenue category among its peers totaling about 3,487,586 of Revenue per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Nanexa AB by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nanexa AB's Stock. 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.Nanexa Revenue vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Nanexa AB |
| = | 0.68 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Nanexa AB |
| = | 2.37 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Nanexa Revenue vs Competition
Nanexa AB is regarded second in revenue category among its peers. Market size based on revenue of Drug Manufacturers-Specialty & Generic industry is now estimated at about 8.15 Million. Nanexa AB totals roughly 2.37 Million in revenue claiming about 29% of equities under Drug Manufacturers-Specialty & Generic industry.
Nanexa Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nanexa AB. 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 Nanexa AB 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 Nanexa AB's important profitability drivers and their relationship over time.
Use Nanexa AB 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 Nanexa AB 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 Nanexa AB will appreciate offsetting losses from the drop in the long position's value.Nanexa AB Pair Trading
Nanexa AB Pair Trading Analysis
The ability to find closely correlated positions to Nanexa AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nanexa AB 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 Nanexa AB - 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 Nanexa AB to buy it.
The correlation of Nanexa AB 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 Nanexa AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nanexa AB 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 Nanexa AB 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 Nanexa AB position
In addition to having Nanexa AB 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 Beers Thematic Idea Now
Beers
Companies involved in production and distribution of domestic and international beer. The Beers 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 Beers Theme or any other thematic opportunities.
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Other Information on Investing in Nanexa Stock
To fully project Nanexa AB's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nanexa AB at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nanexa AB's income statement, its balance sheet, and the statement of cash flows.