Novacyt SA Current Valuation vs. Return On Asset
| NVYTF Stock | USD 0.64 0.06 8.57% |
For Novacyt SA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Novacyt SA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Novacyt SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Novacyt SA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Novacyt SA over time as well as its relative position and ranking within its peers.
Novacyt |
Novacyt SA Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Novacyt SA's current stock value. Our valuation model uses many indicators to compare Novacyt SA value to that of its competitors to determine the firm's financial worth. Novacyt SA is rated top company in current valuation category among its peers. It also is considered to be number one stock in return on asset 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 Novacyt SA's earnings, one of the primary drivers of an investment's value.Novacyt Current Valuation vs. Competition
Novacyt SA is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Medical Devices industry is now estimated at about 964.05 Million. Novacyt SA has negative current valuation of (50.49 Million) having no influence on the industry.
Novacyt Return On Asset vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Novacyt SA |
| = | (50.49 M) |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Novacyt SA |
| = | 0.0145 |
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.
Novacyt Return On Asset Comparison
Novacyt SA is currently under evaluation in return on asset category among its peers.
Novacyt SA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Novacyt SA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Novacyt SA will eventually generate negative long term returns. The profitability progress is the general direction of Novacyt SA's change in net profit over the period of time. It can combine multiple indicators of Novacyt SA, 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.
Novacyt S.A., together with its subsidiaries, engages in the development, manufacture, contract design, and commercialization of diagnostic products for cancer and infectious diseases in the United Kingdom, rest of Europe, the United States, the Asia Pacific, the Middle East, and Africa. The company was incorporated in 2006 and is based in Vlizy-Villacoublay, France. Novacyt operates under Medical Devices classification in the United States and is traded on OTC Exchange. It employs 210 people.
Novacyt Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Novacyt SA. 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 Novacyt SA 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 Novacyt SA's important profitability drivers and their relationship over time.
Use Novacyt SA 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 Novacyt SA 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 Novacyt SA will appreciate offsetting losses from the drop in the long position's value.Novacyt SA Pair Trading
Novacyt SA Pair Trading Analysis
The ability to find closely correlated positions to Novacyt SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novacyt SA 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 Novacyt SA - 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 Novacyt SA to buy it.
The correlation of Novacyt SA 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 Novacyt SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novacyt SA 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 Novacyt SA 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 Novacyt SA position
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Other Information on Investing in Novacyt Pink Sheet
To fully project Novacyt SA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Novacyt SA 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 Novacyt SA's income statement, its balance sheet, and the statement of cash flows.