Sona Nanotech Current Ratio vs. Price To Book
| SNANF Stock | USD 0.18 0.01 5.26% |
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.
Sona |
Sona Nanotech Price To Book vs. Current Ratio 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 current ratio category among its peers. It is currently regarded as top stock in price to book category among its peers fabricating about 20.82 of Price To Book per Current Ratio. 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 Price To Book vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Sona Nanotech |
| = | 1.05 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Sona Nanotech |
| = | 21.86 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Sona Price To Book Comparison
Sona Nanotech is currently under evaluation in price to book category among its peers.
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.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?
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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.