Hexo Corp Stock Return On Asset
| HEXODelisted Stock | USD 0.71 0.00 0.00% |
Hexo Corp fundamentals help investors to digest information that contributes to Hexo Corp's financial success or failures. It also enables traders to predict the movement of Hexo Stock. The fundamental analysis module provides a way to measure Hexo Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hexo Corp stock.
Hexo |
Hexo Corp Company Return On Asset Analysis
Hexo Corp's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Hexo Corp Return On Asset | -0.15 |
Most of Hexo Corp's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hexo Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
CompetitionBased on the latest financial disclosure, Hexo Corp has a Return On Asset of -0.1496. This is 98.29% lower than that of the Pharmaceuticals sector and significantly lower than that of the Health Care industry. The return on asset for all United States stocks is 6.86% higher than that of the company.
Hexo Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hexo Corp's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hexo Corp could also be used in its relative valuation, which is a method of valuing Hexo Corp by comparing valuation metrics of similar companies.Hexo Corp is currently under evaluation in return on asset category among its peers.
Hexo Fundamentals
| Return On Equity | -1.06 | |||
| Return On Asset | -0.15 | |||
| Profit Margin | (2.20) % | |||
| Operating Margin | (1.20) % | |||
| Current Valuation | 191.06 M | |||
| Shares Outstanding | 44 M | |||
| Shares Owned By Insiders | 3.02 % | |||
| Shares Owned By Institutions | 7.57 % | |||
| Number Of Shares Shorted | 971.71 K | |||
| Price To Earning | (16.42) X | |||
| Price To Book | 0.41 X | |||
| Price To Sales | 0.43 X | |||
| Revenue | 191.1 M | |||
| Gross Profit | (75.67 M) | |||
| EBITDA | (257.63 M) | |||
| Net Income | (1.11 B) | |||
| Cash And Equivalents | 14.22 M | |||
| Cash Per Share | 0.03 X | |||
| Total Debt | 251.52 M | |||
| Debt To Equity | 0.99 % | |||
| Current Ratio | 0.99 X | |||
| Book Value Per Share | 3.24 X | |||
| Cash Flow From Operations | (116.69 M) | |||
| Short Ratio | 3.02 X | |||
| Earnings Per Share | (2.77) X | |||
| Target Price | 0.7 | |||
| Number Of Employees | 40 | |||
| Beta | 2.13 | |||
| Market Capitalization | 31.24 M | |||
| Total Asset | 680.95 M | |||
| Retained Earnings | (1.84 B) | |||
| Working Capital | (63.43 M) | |||
| Current Asset | 359.35 M | |||
| Current Liabilities | 50.65 M | |||
| Z Score | -4.79 | |||
| Net Asset | 680.95 M |
About Hexo Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hexo Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hexo Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hexo Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Hexo Corp
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 Hexo 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 Hexo Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Hexo Stock
| 0.69 | BKRKY | Bank Rakyat | PairCorr |
| 0.75 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | PPERF | Bank Mandiri Persero | PairCorr |
Moving against Hexo Stock
| 0.8 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.62 | CSCO | Cisco Systems Aggressive Push | PairCorr |
The ability to find closely correlated positions to Hexo 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 Hexo 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 Hexo 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 Hexo Corp to buy it.
The correlation of Hexo 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 Hexo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hexo 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 Hexo 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Consideration for investing in Hexo Stock
If you are still planning to invest in Hexo Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Hexo Corp's history and understand the potential risks before investing.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |