Ultimovacs ASA Net Income vs. Current Ratio
| ULTI Stock | NOK 2.42 0.13 5.10% |
For Ultimovacs ASA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ultimovacs ASA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ultimovacs ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ultimovacs ASA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ultimovacs ASA over time as well as its relative position and ranking within its peers.
Ultimovacs |
Ultimovacs ASA Current Ratio vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ultimovacs ASA's current stock value. Our valuation model uses many indicators to compare Ultimovacs ASA value to that of its competitors to determine the firm's financial worth. Ultimovacs ASA is rated first in net income category among its peers. It is rated first in current ratio 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 Ultimovacs ASA's earnings, one of the primary drivers of an investment's value.Ultimovacs Current Ratio vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Ultimovacs ASA |
| = | (164.72 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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.
Ultimovacs ASA |
| = | 12.47 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).
Ultimovacs Current Ratio Comparison
Ultimovacs ASA is currently under evaluation in current ratio category among its peers.
Ultimovacs ASA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ultimovacs ASA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ultimovacs ASA will eventually generate negative long term returns. The profitability progress is the general direction of Ultimovacs ASA's change in net profit over the period of time. It can combine multiple indicators of Ultimovacs ASA, 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.
Ultimovacs ASA, a pharmaceutical company, develops immunotherapies for various cancers. The company was incorporated in 2011 and is headquartered in Oslo, Norway. ULTIMOVACS ASA is traded on Oslo Stock Exchange in Norway.
Ultimovacs Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ultimovacs ASA. 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 Ultimovacs ASA 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 Ultimovacs ASA's important profitability drivers and their relationship over time.
Use Ultimovacs ASA 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 Ultimovacs ASA 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 Ultimovacs ASA will appreciate offsetting losses from the drop in the long position's value.Ultimovacs ASA Pair Trading
Ultimovacs ASA Pair Trading Analysis
The ability to find closely correlated positions to Ultimovacs ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ultimovacs ASA 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 Ultimovacs ASA - 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 Ultimovacs ASA to buy it.
The correlation of Ultimovacs ASA 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 Ultimovacs ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ultimovacs ASA 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 Ultimovacs ASA 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 Ultimovacs ASA position
In addition to having Ultimovacs ASA 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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Chemicals Makers
Companies developing chemicals for crops, soil as well as human, and animals. The Chemicals Makers theme has 39 constituents at this time.
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Other Information on Investing in Ultimovacs Stock
To fully project Ultimovacs ASA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ultimovacs ASA 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 Ultimovacs ASA's income statement, its balance sheet, and the statement of cash flows.