808 Renewable Shares Outstanding vs. Cash And Equivalents
| RNWR Stock | USD 0.0001 0.00 0.00% |
For 808 Renewable profitability analysis, we use financial ratios and fundamental drivers that measure the ability of 808 Renewable to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well 808 Renewable Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between 808 Renewable's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of 808 Renewable Energy over time as well as its relative position and ranking within its peers.
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808 Renewable Energy Cash And Equivalents vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining 808 Renewable's current stock value. Our valuation model uses many indicators to compare 808 Renewable value to that of its competitors to determine the firm's financial worth. 808 Renewable Energy is currently regarded as top stock in shares outstanding category among its peers. It also is currently regarded as top stock in cash and equivalents category among its peers . The ratio of Shares Outstanding to Cash And Equivalents for 808 Renewable Energy is about 3,513 . 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 808 Renewable's earnings, one of the primary drivers of an investment's value.808 Cash And Equivalents vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
808 Renewable |
| = | 1.4 B |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
808 Renewable |
| = | 397.18 K |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
808 Cash And Equivalents Comparison
808 Renewable is currently under evaluation in cash and equivalents category among its peers.
808 Renewable Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in 808 Renewable, profitability is also one of the essential criteria for including it into their portfolios because, without profit, 808 Renewable will eventually generate negative long term returns. The profitability progress is the general direction of 808 Renewable's change in net profit over the period of time. It can combine multiple indicators of 808 Renewable, 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.
808 Renewable Energy Corporation, through its subsidiaries, engages in the design, development, manufacture, distribution, and marketing of general aviation and electric vehicles in the United States. The company was formerly known as Tri-Energy Corporation and changed its name to 808 Renewable Energy Corporation in August 2021. 808 Renewable Energy Corporation was incorporated in 2009 and is based in Bradenton, Florida. 808 Renewable operates under Aerospace Defense classification in the United States and is traded on OTC Exchange. It employs 20 people.
808 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on 808 Renewable. 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 808 Renewable 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 808 Renewable's important profitability drivers and their relationship over time.
Use 808 Renewable 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 808 Renewable 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 808 Renewable will appreciate offsetting losses from the drop in the long position's value.808 Renewable Pair Trading
808 Renewable Energy Pair Trading Analysis
The ability to find closely correlated positions to 808 Renewable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 808 Renewable 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 808 Renewable - 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 808 Renewable Energy to buy it.
The correlation of 808 Renewable 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 808 Renewable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 808 Renewable Energy 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 808 Renewable 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 808 Renewable position
In addition to having 808 Renewable 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 Government Funds Thematic Idea Now
Government Funds
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 37 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 Government Funds Theme or any other thematic opportunities.
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Additional Tools for 808 Pink Sheet Analysis
When running 808 Renewable's price analysis, check to measure 808 Renewable'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 808 Renewable is operating at the current time. Most of 808 Renewable's value examination focuses on studying past and present price action to predict the probability of 808 Renewable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 808 Renewable's price. Additionally, you may evaluate how the addition of 808 Renewable to your portfolios can decrease your overall portfolio volatility.