NuRAN Wireless Return On Asset vs. Return On Equity
| NRRWF Stock | USD 0.07 0 5.51% |
For NuRAN Wireless profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NuRAN Wireless to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NuRAN Wireless utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NuRAN Wireless's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NuRAN Wireless over time as well as its relative position and ranking within its peers.
NuRAN |
NuRAN Wireless Return On Equity vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NuRAN Wireless's current stock value. Our valuation model uses many indicators to compare NuRAN Wireless value to that of its competitors to determine the firm's financial worth. NuRAN Wireless 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 return on equity 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 NuRAN Wireless' earnings, one of the primary drivers of an investment's value.NuRAN Return On Equity 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.
NuRAN Wireless |
| = | -0.57 |
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.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
NuRAN Wireless |
| = | -3.01 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
NuRAN Return On Equity Comparison
NuRAN Wireless is currently under evaluation in return on equity category among its peers.
NuRAN Wireless Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NuRAN Wireless, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NuRAN Wireless will eventually generate negative long term returns. The profitability progress is the general direction of NuRAN Wireless' change in net profit over the period of time. It can combine multiple indicators of NuRAN Wireless, 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.
Nuran Wireless Inc., together with its subsidiaries, engages in the research, development, manufacture, marketing, and operation of digital electronic circuits and wireless telecommunication products in Canada, the United States, Europe, and internationally. The company was incorporated in 2014 and is based in Lvis, Canada. Nuran Wireless is traded on OTC Exchange in the United States.
NuRAN Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NuRAN Wireless. 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 NuRAN Wireless 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 NuRAN Wireless' important profitability drivers and their relationship over time.
Use NuRAN Wireless 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 NuRAN Wireless 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 NuRAN Wireless will appreciate offsetting losses from the drop in the long position's value.NuRAN Wireless Pair Trading
NuRAN Wireless Pair Trading Analysis
The ability to find closely correlated positions to NuRAN Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NuRAN Wireless 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 NuRAN Wireless - 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 NuRAN Wireless to buy it.
The correlation of NuRAN Wireless 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 NuRAN Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NuRAN Wireless 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 NuRAN Wireless 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 NuRAN Wireless position
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Other Information on Investing in NuRAN Pink Sheet
To fully project NuRAN Wireless' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NuRAN Wireless 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 NuRAN Wireless' income statement, its balance sheet, and the statement of cash flows.