Nevo Energy Z Score vs. Earnings Per Share
| NEVE Stock | USD 1.00 0.00 0.00% |
For Nevo Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nevo Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nevo Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nevo Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nevo Energy over time as well as its relative position and ranking within its peers.
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Nevo Energy Earnings Per Share vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nevo Energy's current stock value. Our valuation model uses many indicators to compare Nevo Energy value to that of its competitors to determine the firm's financial worth. Nevo Energy is considered to be number one stock in z score category among its peers. It also is considered to be number one stock in earnings per share 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 Nevo Energy's earnings, one of the primary drivers of an investment's value.Nevo Earnings Per Share vs. Z Score
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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| = | 0.6 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
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Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Nevo Earnings Per Share Comparison
Nevo Energy is currently under evaluation in earnings per share category among its peers.
Nevo Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nevo Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nevo Energy will eventually generate negative long term returns. The profitability progress is the general direction of Nevo Energy's change in net profit over the period of time. It can combine multiple indicators of Nevo Energy, 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.
Nevo Energy, Inc. develops and intends to build, own, and operate renewable energy projects to deliver electricity to utilities and industrial customers. The company was formerly known as Solargen Energy, Inc. and changed its name to Nevo Energy, Inc. in May 2011. Nevo Energy operates under UtilitiesRenewable classification in the United States and is traded on OTC Exchange. It employs 2 people.
Nevo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nevo Energy. 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 Nevo Energy 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 Nevo Energy's important profitability drivers and their relationship over time.
Use Nevo Energy 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 Nevo Energy 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 Nevo Energy will appreciate offsetting losses from the drop in the long position's value.Nevo Energy Pair Trading
Nevo Energy Pair Trading Analysis
The ability to find closely correlated positions to Nevo Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nevo Energy 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 Nevo Energy - 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 Nevo Energy to buy it.
The correlation of Nevo Energy 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 Nevo Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nevo Energy 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 Nevo Energy 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 Nevo Energy position
In addition to having Nevo Energy 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 Utilities Thematic Idea Now
Utilities
Highly leveraged corporations that deliver utilities such as power, water or gas to public or business. The Utilities theme has 30 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 Utilities Theme or any other thematic opportunities.
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Other Information on Investing in Nevo Pink Sheet
To fully project Nevo Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nevo Energy 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 Nevo Energy's income statement, its balance sheet, and the statement of cash flows.