Predictive Technology Current Valuation vs. Book Value Per Share
| PRED Stock | USD 0.0001 0.0004 80.00% |
For Predictive Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Predictive Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Predictive Technology Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Predictive Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Predictive Technology Group over time as well as its relative position and ranking within its peers.
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Predictive Technology Book Value Per Share vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Predictive Technology's current stock value. Our valuation model uses many indicators to compare Predictive Technology value to that of its competitors to determine the firm's financial worth. Predictive Technology Group is rated top company in current valuation category among its peers. It also is considered to be number one stock in book value per share category among its peers . The ratio of Current Valuation to Book Value Per Share for Predictive Technology Group is about 123,874,278 . 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 Predictive Technology's earnings, one of the primary drivers of an investment's value.Predictive Current Valuation vs. Competition
Predictive Technology Group is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Biotechnology industry is at this time estimated at about 3.08 Billion. Predictive Technology adds roughly 13.38 Million in current valuation claiming only tiny portion of stocks in Biotechnology industry.
Predictive Book Value Per Share 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.
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| = | 13.38 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.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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| = | 0.11 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Predictive Book Value Per Share Comparison
Predictive Technology is currently under evaluation in book value per share category among its peers.
Predictive Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Predictive Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Predictive Technology will eventually generate negative long term returns. The profitability progress is the general direction of Predictive Technology's change in net profit over the period of time. It can combine multiple indicators of Predictive Technology, 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.
Predictive Technology Group, Inc., together with its subsidiaries, develops and commercializes discoveries and technologies involved in novel molecular diagnostic, therapeutic, and human cellular and tissue-based products . Predictive Technology Group, Inc. was founded in 2005 and is headquartered in Salt Lake City, Utah. Predictive Technology operates under Biotechnology classification in the United States and is traded on OTC Exchange. It employs 62 people.
Predictive Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Predictive Technology. 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 Predictive Technology 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 Predictive Technology's important profitability drivers and their relationship over time.
Use Predictive Technology 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 Predictive Technology 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 Predictive Technology will appreciate offsetting losses from the drop in the long position's value.Predictive Technology Pair Trading
Predictive Technology Group Pair Trading Analysis
The ability to find closely correlated positions to Predictive Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Predictive Technology 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 Predictive Technology - 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 Predictive Technology Group to buy it.
The correlation of Predictive Technology 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 Predictive Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Predictive Technology 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 Predictive Technology 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 Predictive Technology position
In addition to having Predictive Technology 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 Electrical Equipment Thematic Idea Now
Electrical Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Electrical Equipment theme has 61 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 Electrical Equipment Theme or any other thematic opportunities.
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Other Information on Investing in Predictive Pink Sheet
To fully project Predictive Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Predictive Technology 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 Predictive Technology's income statement, its balance sheet, and the statement of cash flows.