WISE ITech Cash And Equivalents vs. Net Income
Considering the key profitability indicators obtained from WISE ITech's historical financial statements, WISE iTech Co may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess WISE ITech's ability to earn profits and add value for shareholders.
Check out Trending Equities 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 various price indices.
Please note, there is a significant difference between WISE ITech's value and its price as these two are different measures arrived at by different means. Investors typically determine if WISE ITech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WISE ITech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For WISE ITech profitability analysis, we use financial ratios and fundamental drivers that measure the ability of WISE ITech to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well WISE iTech Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between WISE ITech's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of WISE iTech Co over time as well as its relative position and ranking within its peers.
WISE |
WISE iTech Net Income vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining WISE ITech's current stock value. Our valuation model uses many indicators to compare WISE ITech value to that of its competitors to determine the firm's financial worth. WISE iTech Co is rated fourth in cash and equivalents category among its peers. It is rated below average in net income category among its peers making up about 0.89 of Net Income per Cash And Equivalents. The ratio of Cash And Equivalents to Net Income for WISE iTech Co is roughly 1.12 . Comparative valuation analysis is a catch-all model that can be used if you cannot value WISE ITech by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for WISE ITech'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.WISE Net Income 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.
WISE ITech |
| = | 4.55 B |
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).
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.
WISE ITech |
| = | 4.04 B |
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.
WISE Net Income Comparison
WISE ITech is rated fifth in net income category among its peers.
WISE ITech Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in WISE ITech, profitability is also one of the essential criteria for including it into their portfolios because, without profit, WISE ITech will eventually generate negative long term returns. The profitability progress is the general direction of WISE ITech's change in net profit over the period of time. It can combine multiple indicators of WISE ITech, 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.
WISE iTech Co., Ltd. provides machine learning, big data analysis, data quality, and public data opening solutions. The company was founded in 1990 and is based in Seongnam, South Korea. WISE ITech is traded on Korean Securities Dealers Automated Quotations in South Korea.
WISE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on WISE ITech. 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 WISE ITech 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 WISE ITech's important profitability drivers and their relationship over time.
Use WISE ITech 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 WISE ITech 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 WISE ITech will appreciate offsetting losses from the drop in the long position's value.WISE ITech Pair Trading
WISE iTech Co Pair Trading Analysis
The ability to find closely correlated positions to WISE ITech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WISE ITech 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 WISE ITech - 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 WISE iTech Co to buy it.
The correlation of WISE ITech 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 WISE ITech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WISE iTech 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 WISE ITech 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 WISE ITech position
In addition to having WISE ITech 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?
Run Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Services Theme or any other thematic opportunities.
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Check out Trending Equities 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 various price indices. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Other Tools for WISE Stock
When running WISE ITech's price analysis, check to measure WISE ITech's 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 WISE ITech is operating at the current time. Most of WISE ITech's value examination focuses on studying past and present price action to predict the probability of WISE ITech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WISE ITech's price. Additionally, you may evaluate how the addition of WISE ITech to your portfolios can decrease your overall portfolio volatility.
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