Nanomix Return On Asset vs. Cash Flow From Operations
| NNMX Stock | USD 0.0002 0.00 0.00% |
For Nanomix profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nanomix to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nanomix utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nanomix's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nanomix over time as well as its relative position and ranking within its peers.
Nanomix |
Nanomix Cash Flow From Operations vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nanomix's current stock value. Our valuation model uses many indicators to compare Nanomix value to that of its competitors to determine the firm's financial worth. Nanomix is considered to be number one stock in return on asset category among its peers. It also is considered to be number one stock in cash flow from operations category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nanomix by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nanomix's Pink Sheet. 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.Nanomix Cash Flow From Operations 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.
Nanomix |
| = | -2.6 |
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.
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
Nanomix |
| = | (6.32 M) |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
Nanomix Cash Flow From Operations Comparison
Nanomix is currently under evaluation in cash flow from operations category among its peers.
Nanomix Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nanomix, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nanomix will eventually generate negative long term returns. The profitability progress is the general direction of Nanomix's change in net profit over the period of time. It can combine multiple indicators of Nanomix, 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.
Nanomix Corporation develops mobile point-of-care diagnostic system that is used in performing a range of in vitro diagnostic tests in various environments. Nanomix Corporation was founded in 2000 and is headquartered in San Leandro, California. Nanomix Corp operates under Medical Devices classification in the United States and is traded on OTC Exchange. It employs 25 people.
Nanomix Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nanomix. 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 Nanomix 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 Nanomix's important profitability drivers and their relationship over time.
Use Nanomix 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 Nanomix 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 Nanomix will appreciate offsetting losses from the drop in the long position's value.Nanomix Pair Trading
Nanomix Pair Trading Analysis
The ability to find closely correlated positions to Nanomix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nanomix 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 Nanomix - 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 Nanomix to buy it.
The correlation of Nanomix 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 Nanomix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nanomix 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 Nanomix 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 Nanomix position
In addition to having Nanomix 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 Precious Metals Funds Thematic Idea Now
Precious Metals Funds
Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 31 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 Precious Metals Funds Theme or any other thematic opportunities.
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Additional Tools for Nanomix Pink Sheet Analysis
When running Nanomix's price analysis, check to measure Nanomix'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 Nanomix is operating at the current time. Most of Nanomix's value examination focuses on studying past and present price action to predict the probability of Nanomix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nanomix's price. Additionally, you may evaluate how the addition of Nanomix to your portfolios can decrease your overall portfolio volatility.