Star8 Corp Current Valuation vs. Shares Outstanding
Star8 Corp Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Star8 Corp's current stock value. Our valuation model uses many indicators to compare Star8 Corp value to that of its competitors to determine the firm's financial worth. Star8 Corp is currently regarded number one company in current valuation category among its peers. It also is currently regarded as top stock in shares outstanding category among its peers creating about 40.48 of Shares Outstanding per Current Valuation. Comparative valuation analysis is a catch-all model that can be used if you cannot value Star8 Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Star8 Corp's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Star8 Current Valuation vs. Competition
Star8 Corp is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Communication Equipment industry is at this time estimated at about 108.08 Million. Star8 Corp holds roughly 4.41 Million in current valuation claiming about 4% of stocks in Communication Equipment industry.
Star8 Shares Outstanding vs. Current Valuation
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.
Star8 Corp |
| = | 4.41 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.
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.
Star8 Corp |
| = | 178.46 M |
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.
Star8 Shares Outstanding Comparison
Star8 Corp is currently under evaluation in shares outstanding category among its peers.
Star8 Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Star8 Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Star8 Corp will eventually generate negative long term returns. The profitability progress is the general direction of Star8 Corp's change in net profit over the period of time. It can combine multiple indicators of Star8 Corp, 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.
Star8 Corporation, a development stage company, provides mobile smart phones and related accessories. Star8 Corporation was founded in 1987 and is headquartered in Tsimshatsui, Hong Kong. Immunis Corp is traded on OTC Exchange in the United States.
Star8 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Star8 Corp. 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 Star8 Corp 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 Star8 Corp's important profitability drivers and their relationship over time.
Star8 Corp Earnings per Share Projection vs Actual
Use Star8 Corp 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 Star8 Corp 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 Star8 Corp will appreciate offsetting losses from the drop in the long position's value.Star8 Corp Pair Trading
Star8 Corp Pair Trading Analysis
The ability to find closely correlated positions to Star8 Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star8 Corp 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 Star8 Corp - 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 Star8 Corp to buy it.
The correlation of Star8 Corp 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 Star8 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star8 Corp 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 Star8 Corp 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 Star8 Corp position
In addition to having Star8 Corp 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 Mid Cap ETFs Thematic Idea Now
Mid Cap ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Mid Cap ETFs theme has 77 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 Mid Cap ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Star8 Pink Sheet
To fully project Star8 Corp's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Star8 Corp 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 Star8 Corp's income statement, its balance sheet, and the statement of cash flows.