NRx Pharmaceuticals Beta vs. Return On Asset
| NRXPW Stock | USD 0.05 0 3.59% |
For NRx Pharmaceuticals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NRx Pharmaceuticals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NRx Pharmaceuticals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NRx Pharmaceuticals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NRx Pharmaceuticals over time as well as its relative position and ranking within its peers.
NRx |
Is Biotechnology 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 NRx Pharmaceuticals. If investors know NRx 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 NRx Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (6.25) | Return On Assets (1.16) | Return On Equity (6.83) |
The market value of NRx Pharmaceuticals is measured differently than its book value, which is the value of NRx that is recorded on the company's balance sheet. Investors also form their own opinion of NRx Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is NRx Pharmaceuticals' 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 NRx Pharmaceuticals' market value can be influenced by many factors that don't directly affect NRx Pharmaceuticals' 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 NRx Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if NRx Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NRx Pharmaceuticals' 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.
NRx Pharmaceuticals Return On Asset vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NRx Pharmaceuticals's current stock value. Our valuation model uses many indicators to compare NRx Pharmaceuticals value to that of its competitors to determine the firm's financial worth. NRx Pharmaceuticals is regarded third in beta category among its peers. It is rated below average in return on asset category among its peers . Return On Assets is likely to climb to -3.92 in 2024. Comparative valuation analysis is a catch-all technique that is used if you cannot value NRx Pharmaceuticals 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.NRx Return On Asset vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
NRx Pharmaceuticals |
| = | 1.27 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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.
NRx Pharmaceuticals |
| = | -1.16 |
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.
NRx Return On Asset Comparison
NRx Pharmaceuticals is currently under evaluation in return on asset category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NRx Pharmaceuticals will likely underperform.
NRx Pharmaceuticals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NRx Pharmaceuticals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NRx Pharmaceuticals will eventually generate negative long term returns. The profitability progress is the general direction of NRx Pharmaceuticals' change in net profit over the period of time. It can combine multiple indicators of NRx Pharmaceuticals, 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 | ||
| Accumulated Other Comprehensive Income | -3.5 K | -3.6 K | |
| Operating Income | -27.6 M | -29 M | |
| Income Before Tax | -30.2 M | -31.7 M | |
| Total Other Income Expense Net | -2.6 M | -2.7 M | |
| Net Loss | -30.1 M | -31.7 M | |
| Income Tax Expense | -9 K | -9.4 K | |
| Net Interest Income | 513 K | 538.6 K | |
| Net Loss | -36.1 M | -37.9 M | |
| Non Operating Income Net Other | -272.7 K | -286.4 K | |
| Net Loss | -980.6 K | -1 M | |
| Interest Income | 550 K | 293 K | |
| Change To Netincome | 147.8 K | 131.4 K | |
| Net Loss | (3.98) | (3.78) | |
| Income Quality | 0.72 | 0.75 | |
| Net Income Per E B T | 1.00 | 0.60 |
NRx Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NRx Pharmaceuticals. 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 NRx Pharmaceuticals 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 NRx Pharmaceuticals' important profitability drivers and their relationship over time.
Use NRx Pharmaceuticals 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 NRx Pharmaceuticals 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 NRx Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.NRx Pharmaceuticals Pair Trading
NRx Pharmaceuticals Pair Trading Analysis
The ability to find closely correlated positions to NRx Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NRx Pharmaceuticals 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 NRx Pharmaceuticals - 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 NRx Pharmaceuticals to buy it.
The correlation of NRx Pharmaceuticals 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 NRx Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NRx Pharmaceuticals 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 NRx Pharmaceuticals 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 NRx Pharmaceuticals position
In addition to having NRx Pharmaceuticals 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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Additional Tools for NRx Stock Analysis
When running NRx Pharmaceuticals' price analysis, check to measure NRx Pharmaceuticals' 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 NRx Pharmaceuticals is operating at the current time. Most of NRx Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of NRx Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NRx Pharmaceuticals' price. Additionally, you may evaluate how the addition of NRx Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.