Redsense Medical Market Capitalization vs. Cash Per Share
| REDS Stock | SEK 7.10 0.02 0.28% |
For Redsense Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Redsense Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Redsense Medical AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Redsense Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Redsense Medical AB over time as well as its relative position and ranking within its peers.
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Redsense Medical Cash Per Share vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Redsense Medical's current stock value. Our valuation model uses many indicators to compare Redsense Medical value to that of its competitors to determine the firm's financial worth. Redsense Medical AB is currently regarded as top stock in market capitalization category among its peers. It also is currently regarded as top stock in cash per share category among its peers . The ratio of Market Capitalization to Cash Per Share for Redsense Medical AB is about 442,750,000 . 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 Redsense Medical's earnings, one of the primary drivers of an investment's value.Redsense Market Capitalization vs. Competition
Redsense Medical AB is currently regarded as top stock in market capitalization category among its peers. Market capitalization of Medical Instruments & Supplies industry is at this time estimated at about 38.03 Billion. Redsense Medical adds roughly 123.97 Million in market capitalization claiming only tiny portion of all equities under Medical Instruments & Supplies industry.
Redsense Cash Per Share vs. Market Capitalization
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
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| = | 123.97 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 0.28 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Redsense Cash Per Share Comparison
Redsense Medical is currently under evaluation in cash per share category among its peers.
Redsense Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Redsense Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Redsense Medical will eventually generate negative long term returns. The profitability progress is the general direction of Redsense Medical's change in net profit over the period of time. It can combine multiple indicators of Redsense Medical, 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.
Redsense Medical AB provides blood loss detection devices primarily in Europe and the United States. Redsense Medical AB was founded in 2000 and is headquartered in Halmstad, Sweden. Redsense Medical is traded on Stockholm Stock Exchange in Sweden.
Redsense Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Redsense Medical. 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 Redsense Medical 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 Redsense Medical's important profitability drivers and their relationship over time.
Use Redsense Medical 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 Redsense Medical 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 Redsense Medical will appreciate offsetting losses from the drop in the long position's value.Redsense Medical Pair Trading
Redsense Medical AB Pair Trading Analysis
The ability to find closely correlated positions to Redsense Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Redsense Medical 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 Redsense Medical - 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 Redsense Medical AB to buy it.
The correlation of Redsense Medical 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 Redsense Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Redsense Medical 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 Redsense Medical 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 Redsense Medical position
In addition to having Redsense Medical 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 Redsense Stock Analysis
When running Redsense Medical's price analysis, check to measure Redsense Medical's 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 Redsense Medical is operating at the current time. Most of Redsense Medical's value examination focuses on studying past and present price action to predict the probability of Redsense Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Redsense Medical's price. Additionally, you may evaluate how the addition of Redsense Medical to your portfolios can decrease your overall portfolio volatility.