World Wireless Market Capitalization vs. Net Asset
World Wireless Commu Net Asset vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining World Wireless's current stock value. Our valuation model uses many indicators to compare World Wireless value to that of its competitors to determine the firm's financial worth. World Wireless Communications is rated fourth in market capitalization category among its peers. It is rated first in net asset category among its peers making up about 13.35 of Net Asset per Market Capitalization. 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 World Wireless' earnings, one of the primary drivers of an investment's value.World Market Capitalization vs. Competition
World Wireless Communications is rated fourth in market capitalization category among its peers. Market capitalization of Information Technology industry is at this time estimated at about 12.93 Million. World Wireless adds roughly 58,230 in market capitalization claiming only tiny portion of equities under Information Technology industry.
World Net Asset vs. Market Capitalization
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.
World Wireless |
| = | 58.23 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.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
World Wireless |
| = | 777.46 K |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
World Net Asset Comparison
World Wireless is currently under evaluation in net asset category among its peers.
World Wireless Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in World Wireless, profitability is also one of the essential criteria for including it into their portfolios because, without profit, World Wireless will eventually generate negative long term returns. The profitability progress is the general direction of World Wireless' change in net profit over the period of time. It can combine multiple indicators of World Wireless, 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.
World Wireless Communications, Inc. engages in the design and development of wired and wireless telemetry and remote control systems. World Wireless Communications, Inc. is based in Greenwood Village, Colorado. World Wireless operates under Telecom Services classification in the United States and is traded on OTC Exchange. It employs 21 people.
World Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on World Wireless. 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 World Wireless 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 World Wireless' important profitability drivers and their relationship over time.
World Wireless Earnings per Share Projection vs Actual
Use World Wireless 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 World Wireless 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 World Wireless will appreciate offsetting losses from the drop in the long position's value.World Wireless Pair Trading
World Wireless Communications Pair Trading Analysis
The ability to find closely correlated positions to World Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace World Wireless 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 World Wireless - 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 World Wireless Communications to buy it.
The correlation of World Wireless 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 World Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if World Wireless Commu 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 World Wireless 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 World Wireless position
In addition to having World Wireless 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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It encompasses large technology companies, automotive makers, security firms, and thematic ETFs across multiple industries. These entities are directly or indirectly involved in shaping the development and marketing of self-driving vehicles. The Driverless Cars theme has 30 constituents at this time.
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Other Information on Investing in World Pink Sheet
To fully project World Wireless' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of World Wireless Commu 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 World Wireless' income statement, its balance sheet, and the statement of cash flows.