Research Frontiers Incorporated Stock Piotroski F Score

REFR Stock  USD 1.83  0.01  0.55%   
This module uses fundamental data of Research Frontiers to approximate its Piotroski F score. Research Frontiers F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Research Frontiers Incorporated. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Research Frontiers financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Research Frontiers Altman Z Score, Research Frontiers Correlation, Research Frontiers Valuation, as well as analyze Research Frontiers Alpha and Beta and Research Frontiers Hype Analysis.
  
At this time, Research Frontiers' Short and Long Term Debt Total is relatively stable compared to the past year. As of 12/14/2024, Net Debt To EBITDA is likely to grow to 1.23, while Net Debt is likely to drop (2.3 M). At this time, Research Frontiers' PTB Ratio is relatively stable compared to the past year. As of 12/14/2024, Days Sales Outstanding is likely to grow to 422.77, while Book Value Per Share is likely to drop 0.1.
At this time, it appears that Research Frontiers' Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
3.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Research Frontiers Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Research Frontiers is to make sure Research is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Research Frontiers' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Research Frontiers' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.120.2362
Way Down
Very volatile
Total Current Liabilities300 K277.4 K
Significantly Up
Slightly volatile
Total Assets7.2 M3.9 M
Way Up
Slightly volatile
Total Current Assets6.8 M3.6 M
Way Up
Slightly volatile

Research Frontiers F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Research Frontiers' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Research Frontiers in a much-optimized way.

About Research Frontiers Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

0.0999

At this time, Research Frontiers' Book Value Per Share is relatively stable compared to the past year.

Research Frontiers Current Valuation Drivers

We derive many important indicators used in calculating different scores of Research Frontiers from analyzing Research Frontiers' financial statements. These drivers represent accounts that assess Research Frontiers' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Research Frontiers' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap90.3M88.5M54.4M61.3M33.8M60.1M
Enterprise Value84.7M84.5M54.8M57.5M31.6M57.4M

About Research Frontiers Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Research Frontiers Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Research Frontiers using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Research Frontiers Incorporated 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 Research Frontiers

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 Research Frontiers 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 Research Frontiers will appreciate offsetting losses from the drop in the long position's value.

Moving against Research Stock

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The ability to find closely correlated positions to Research Frontiers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Research Frontiers 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 Research Frontiers - 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 Research Frontiers Incorporated to buy it.
The correlation of Research Frontiers 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 Research Frontiers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Research Frontiers 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 Research Frontiers 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.
Pair CorrelationCorrelation Matching

Additional Tools for Research Stock Analysis

When running Research Frontiers' price analysis, check to measure Research Frontiers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Research Frontiers is operating at the current time. Most of Research Frontiers' value examination focuses on studying past and present price action to predict the probability of Research Frontiers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Research Frontiers' price. Additionally, you may evaluate how the addition of Research Frontiers to your portfolios can decrease your overall portfolio volatility.