Purple Innovation Total Debt vs. Beta
| PRPL Stock | USD 0.68 0.02 2.63% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.3 | 0.33 |
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For Purple Innovation profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Purple Innovation to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Purple Innovation utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Purple Innovation's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Purple Innovation over time as well as its relative position and ranking within its peers.
Check out Your Equity Center. Is Household Appliances 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 Purple Innovation. Anticipated expansion of Purple directly elevates investor willingness to pay premium valuations. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Purple Innovation assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth (0.60) | Earnings Share (0.52) | Revenue Per Share | Quarterly Revenue Growth 0.001 | Return On Assets |
The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation's 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 Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Purple Innovation's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Purple Innovation should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Purple Innovation's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
Purple Innovation Beta vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Purple Innovation's current stock value. Our valuation model uses many indicators to compare Purple Innovation value to that of its competitors to determine the firm's financial worth. Purple Innovation is rated below average in total debt category among its peers. It is regarded fourth in beta category among its peers . The ratio of Total Debt to Beta for Purple Innovation is about 85,335,672 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Purple Innovation 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.Purple Total Debt vs. Competition
Purple Innovation is rated below average in total debt category among its peers. Total debt of Consumer Discretionary industry is at this time estimated at about 9.84 Billion. Purple Innovation claims roughly 158.13 Million in total debt contributing just under 2% to stocks in Consumer Discretionary industry.
Purple Beta vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Purple Innovation |
| = | 158.13 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
Purple Innovation |
| = | 1.85 |
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.
Purple Beta Comparison
Purple Innovation is currently under evaluation in beta 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, Purple Innovation will likely underperform.
Purple Innovation Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Purple Innovation, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Purple Innovation will eventually generate negative long term returns. The profitability progress is the general direction of Purple Innovation's change in net profit over the period of time. It can combine multiple indicators of Purple Innovation, 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 | ||
| Operating Income | -83 M | -78.8 M | |
| Net Loss | -88.3 M | -83.9 M | |
| Income Before Tax | -88.2 M | -83.8 M | |
| Total Other Income Expense Net | -6.7 M | -7.1 M | |
| Net Loss | -80.7 M | -76.7 M | |
| Net Loss | -88.3 M | -83.9 M | |
| Income Tax Expense | 72.5 K | 68.8 K | |
| Interest Income | 6 M | 6.3 M | |
| Net Interest Income | -15.8 M | -15 M | |
| Non Operating Income Net Other | 187.7 M | 197.1 M | |
| Change To Netincome | 281.8 M | 295.9 M | |
| Net Loss | (1.05) | (1.10) | |
| Income Quality | 0.21 | 0.22 | |
| Net Income Per E B T | 0.90 | 0.52 |
Purple Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Purple Innovation. 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 Purple Innovation 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 Purple Innovation's important profitability drivers and their relationship over time.
Purple Innovation Earnings per Share Projection vs Actual
Use Purple Innovation 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 Purple Innovation 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 Purple Innovation will appreciate offsetting losses from the drop in the long position's value.Purple Innovation Pair Trading
Purple Innovation Pair Trading Analysis
The ability to find closely correlated positions to Purple Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purple Innovation 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 Purple Innovation - 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 Purple Innovation to buy it.
The correlation of Purple Innovation 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 Purple Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purple Innovation 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 Purple Innovation 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 Purple Innovation position
In addition to having Purple Innovation 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 Education Thematic Idea Now
Education
Companies involved in apprenticeship, education, tutoring, schooling, online universities, and other learning services. The Education theme has 41 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 Education Theme or any other thematic opportunities.
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Check out Your Equity Center. For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
To fully project Purple Innovation's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Purple Innovation 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 Purple Innovation's income statement, its balance sheet, and the statement of cash flows.