Nextplay Technologies Return On Asset vs. Price To Sales
| NXTPDelisted Stock | USD 1.10 0.09 7.56% |
For Nextplay Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nextplay Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nextplay Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nextplay Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nextplay Technologies over time as well as its relative position and ranking within its peers.
Nextplay |
Nextplay Technologies Price To Sales vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nextplay Technologies's current stock value. Our valuation model uses many indicators to compare Nextplay Technologies value to that of its competitors to determine the firm's financial worth. Nextplay Technologies 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 price to sales 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 Nextplay Technologies' earnings, one of the primary drivers of an investment's value.Nextplay Price To Sales 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.
Nextplay Technologies |
| = | -0.13 |
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.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Nextplay Technologies |
| = | 0.30 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Nextplay Price To Sales Comparison
Nextplay Technologies is currently under evaluation in price to sales category among its peers.
Nextplay Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nextplay Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nextplay Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Nextplay Technologies' change in net profit over the period of time. It can combine multiple indicators of Nextplay Technologies, 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.
NextPlay Technologies, Inc., a technology solutions company, provides games, in-game advertising, digital asset products and services, connected TV, and travel booking services to consumers and corporations in the United States, Puerto Rico, Europe, and Thailand. The company was incorporated in 2005 and is based in Sunrise, Florida. Nextplay Technologies operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 250 people.
Nextplay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nextplay Technologies. 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 Nextplay Technologies 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 Nextplay Technologies' important profitability drivers and their relationship over time.
Use Nextplay Technologies 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 Nextplay Technologies 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 Nextplay Technologies will appreciate offsetting losses from the drop in the long position's value.Nextplay Technologies Pair Trading
Nextplay Technologies Pair Trading Analysis
The ability to find closely correlated positions to Nextplay Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextplay Technologies 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 Nextplay Technologies - 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 Nextplay Technologies to buy it.
The correlation of Nextplay Technologies 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 Nextplay Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextplay Technologies 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 Nextplay Technologies 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 Nextplay Technologies position
In addition to having Nextplay Technologies 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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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in Nextplay OTC Stock
If you are still planning to invest in Nextplay Technologies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nextplay Technologies' history and understand the potential risks before investing.
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