Turbo Global Total Asset vs. Market Capitalization
| TRBO Stock | USD 0.0001 0.00 0.00% |
Turbo Global Total Assets |
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For Turbo Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Turbo Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Turbo Global Partners utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Turbo Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Turbo Global Partners over time as well as its relative position and ranking within its peers.
Turbo |
Is Advertising space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turbo Global. If investors know Turbo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turbo Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Turbo Global Partners is measured differently than its book value, which is the value of Turbo that is recorded on the company's balance sheet. Investors also form their own opinion of Turbo Global's value that differs from its market value or its book value, called intrinsic value, which is Turbo Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turbo Global's market value can be influenced by many factors that don't directly affect Turbo Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turbo Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turbo Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turbo Global'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.
Turbo Global Partners Market Capitalization vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Turbo Global's current stock value. Our valuation model uses many indicators to compare Turbo Global value to that of its competitors to determine the firm's financial worth. Turbo Global Partners is rated third in total asset category among its peers. It is rated fifth in market capitalization category among its peers . The ratio of Total Asset to Market Capitalization for Turbo Global Partners is about 325.39 . At this time, Turbo Global's Total Assets are very stable compared to the past year. 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 Turbo Global's earnings, one of the primary drivers of an investment's value.Turbo Market Capitalization vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Turbo Global |
| = | 10.89 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Turbo Global |
| = | 33.46 K |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Turbo Market Capitalization vs Competition
Turbo Global Partners is rated fifth in market capitalization category among its peers. Market capitalization of Communication Services industry is at this time estimated at about 46.26 Million. Turbo Global adds roughly 33,456 in market capitalization claiming only tiny portion of stocks in Communication Services industry.
Turbo Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Turbo Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Turbo Global will eventually generate negative long term returns. The profitability progress is the general direction of Turbo Global's change in net profit over the period of time. It can combine multiple indicators of Turbo Global, 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | -87 K | -82.7 K | |
| Net Loss | -87 K | -82.7 K | |
| Income Before Tax | -87 K | -82.7 K | |
| Total Other Income Expense Net | 6.4 M | 5.7 M | |
| Net Loss | -87 K | -82.7 K | |
| Net Loss | -87 K | -82.7 K | |
| Net Income Per Share | 0.03 | 0.03 | |
| Income Quality | 1.20 | 1.87 |
Turbo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Turbo Global. 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 Turbo Global 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 Turbo Global's important profitability drivers and their relationship over time.
Use Turbo Global 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 Turbo Global 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 Turbo Global will appreciate offsetting losses from the drop in the long position's value.Turbo Global Pair Trading
Turbo Global Partners Pair Trading Analysis
The ability to find closely correlated positions to Turbo Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turbo Global 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 Turbo Global - 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 Turbo Global Partners to buy it.
The correlation of Turbo Global 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 Turbo Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turbo Global Partners 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 Turbo Global 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 Turbo Global position
In addition to having Turbo Global 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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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Real Estate ETFs theme has 65 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 Real Estate ETFs Theme or any other thematic opportunities.
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To fully project Turbo Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Turbo Global Partners 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 Turbo Global's income statement, its balance sheet, and the statement of cash flows.