Sona Nanotech Cash Per Share vs. Beta

SNANF Stock  USD 0.19  0.00  0.00%   
Considering the key profitability indicators obtained from Sona Nanotech's historical financial statements, Sona Nanotech may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Sona Nanotech's ability to earn profits and add value for shareholders.
For Sona Nanotech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sona Nanotech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sona Nanotech utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sona Nanotech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sona Nanotech over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Sona Nanotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sona Nanotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sona Nanotech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Sona Nanotech Beta vs. Cash Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Sona Nanotech's current stock value. Our valuation model uses many indicators to compare Sona Nanotech value to that of its competitors to determine the firm's financial worth.
Sona Nanotech is rated second in cash per share category among its peers. It is rated fourth in beta 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 Sona Nanotech's earnings, one of the primary drivers of an investment's value.

Sona Beta vs. Cash Per Share

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.

Sona Nanotech

Cash Per Share

 = 

Total Cash

Average Shares

 = 
0.01 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.
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.

Sona Nanotech

Beta

 = 

Covariance

Variance

 = 
-1.7
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.

Sona Beta Comparison

Sona Nanotech is currently under evaluation in beta category among its peers.

Beta Analysis

As returns on the market increase, returns on owning Sona Nanotech are expected to decrease by larger amounts. On the other hand, during market turmoil, Sona Nanotech is expected to outperform it.

Sona Nanotech Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Sona Nanotech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sona Nanotech will eventually generate negative long term returns. The profitability progress is the general direction of Sona Nanotech's change in net profit over the period of time. It can combine multiple indicators of Sona Nanotech, 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.
Sona Nanotech Inc., nanotechnology life sciences company, manufactures and sells gold nanorod products for diagnostic tests. Its products are used in various applications, including drug delivery, food and beverage testing, environmental testing, cell imaging, cancer treatment, and liposuction therapy, as well as medical and consumer, military, and veterinary diagnostics. Sona Nanotech operates under Diagnostics Research classification in the United States and is traded on OTC Exchange.

Sona Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Sona Nanotech. 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 Sona Nanotech 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 Sona Nanotech's important profitability drivers and their relationship over time.

Use Sona Nanotech 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 Sona Nanotech 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 Sona Nanotech will appreciate offsetting losses from the drop in the long position's value.

Sona Nanotech Pair Trading

Sona Nanotech Pair Trading Analysis

The ability to find closely correlated positions to Sona Nanotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sona Nanotech 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 Sona Nanotech - 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 Sona Nanotech to buy it.
The correlation of Sona Nanotech 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 Sona Nanotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sona Nanotech 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 Sona Nanotech 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Sona Nanotech position

In addition to having Sona Nanotech 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 Alternative Energy Thematic Idea Now

Alternative Energy
Alternative Energy Theme
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 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 Alternative Energy Theme or any other thematic opportunities.
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Other Information on Investing in Sona OTC Stock

To fully project Sona Nanotech's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sona Nanotech 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 Sona Nanotech's income statement, its balance sheet, and the statement of cash flows.
Potential Sona Nanotech investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Sona Nanotech investors may work on each financial statement separately, they are all related. The changes in Sona Nanotech's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Sona Nanotech's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.