Summit Networks Profitability Analysis
Summit Networks Current Valuation vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Summit Networks's current stock value. Our valuation model uses many indicators to compare Summit Networks value to that of its competitors to determine the firm's financial worth. Summit Networks is currently regarded as top stock in return on asset category among its peers. It also is currently regarded number one company in current valuation 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 Summit Networks' earnings, one of the primary drivers of an investment's value.Summit Current Valuation vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Summit Networks |
| = | -1.45 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Summit Networks |
| = | 42.8 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Summit Current Valuation vs Competition
Summit Networks is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Furnishings, Fixtures & Appliances industry is at this time estimated at about 415.58 Million. Summit Networks retains roughly 42.8 Million in current valuation claiming about 10% of equities under Furnishings, Fixtures & Appliances industry.
Summit Networks Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Summit Networks, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Summit Networks will eventually generate negative long term returns. The profitability progress is the general direction of Summit Networks' change in net profit over the period of time. It can combine multiple indicators of Summit Networks, 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.
Summit Networks Inc. focuses on the environmental equipment and solutions businesses. It intends to market products and services, including disposal of hazardous waste, pollution treatment equipment, and fossil fuels made from industrial waste. Summit Networks is traded on OTC Exchange in the United States.
Summit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Summit Networks. 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 Summit Networks 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 Summit Networks' important profitability drivers and their relationship over time.
Summit Networks Earnings per Share Projection vs Actual
Use Summit Networks 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 Summit Networks 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 Summit Networks will appreciate offsetting losses from the drop in the long position's value.Summit Networks Pair Trading
Summit Networks Pair Trading Analysis
The ability to find closely correlated positions to Summit Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Networks 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 Summit Networks - 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 Summit Networks to buy it.
The correlation of Summit Networks 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 Summit Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Networks 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 Summit Networks 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 Summit Networks position
In addition to having Summit Networks 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 Tech Growth Thematic Idea Now
Tech Growth
Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 58 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 Tech Growth Theme or any other thematic opportunities.
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Additional Tools for Summit Pink Sheet Analysis
When running Summit Networks' price analysis, check to measure Summit Networks' 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 Summit Networks is operating at the current time. Most of Summit Networks' value examination focuses on studying past and present price action to predict the probability of Summit Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Networks' price. Additionally, you may evaluate how the addition of Summit Networks to your portfolios can decrease your overall portfolio volatility.