Wirtek AS Cash And Equivalents vs. Market Capitalization
| WIRTEK Stock | DKK 8.20 0.10 1.23% |
For Wirtek AS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wirtek AS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wirtek AS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wirtek AS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wirtek AS over time as well as its relative position and ranking within its peers.
Wirtek |
Wirtek AS Market Capitalization vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Wirtek AS's current stock value. Our valuation model uses many indicators to compare Wirtek AS value to that of its competitors to determine the firm's financial worth. Wirtek AS is rated first in cash and equivalents category among its peers. It is rated first in market capitalization category among its peers creating about 20.05 of Market Capitalization per Cash And Equivalents. Comparative valuation analysis is a catch-all model that can be used if you cannot value Wirtek AS by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wirtek AS's Stock. 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.Wirtek Market Capitalization vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Wirtek AS |
| = | 5.37 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.
Wirtek AS |
| = | 107.68 M |
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.
Wirtek Market Capitalization vs Competition
Wirtek AS is rated first in market capitalization category among its peers. Market capitalization of Information Technology industry is at this time estimated at about 3.89 Billion. Wirtek AS holds roughly 107.68 Million in market capitalization claiming about 2.77% of equities under Information Technology industry.
Wirtek AS Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Wirtek AS, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wirtek AS will eventually generate negative long term returns. The profitability progress is the general direction of Wirtek AS's change in net profit over the period of time. It can combine multiple indicators of Wirtek AS, 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.
Wirtek AS, an IT outsourcing company, provides software solutions and electronic equipment products in Denmark. The company was incorporated in 2001 and is headquartered in Aalborg, Denmark. WirTek AS operates under Information Technology Services classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 180 people.
Wirtek Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Wirtek AS. 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 Wirtek AS 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 Wirtek AS's important profitability drivers and their relationship over time.
Use Wirtek AS 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 Wirtek AS 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 Wirtek AS will appreciate offsetting losses from the drop in the long position's value.Wirtek AS Pair Trading
Wirtek AS Pair Trading Analysis
The ability to find closely correlated positions to Wirtek AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wirtek AS 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 Wirtek AS - 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 Wirtek AS to buy it.
The correlation of Wirtek AS 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 Wirtek AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wirtek AS 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 Wirtek AS 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 Wirtek AS position
In addition to having Wirtek AS 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 Wirtek Stock
To fully project Wirtek AS's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wirtek AS 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 Wirtek AS's income statement, its balance sheet, and the statement of cash flows.