63 Moons Return On Asset vs. Net Income
| 63MOONS Stock | 980.10 51.55 5.00% |
For 63 Moons profitability analysis, we use financial ratios and fundamental drivers that measure the ability of 63 Moons to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well 63 moons technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between 63 Moons's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of 63 moons technologies over time as well as its relative position and ranking within its peers.
63MOONS |
63 moons technologies Net Income vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining 63 Moons's current stock value. Our valuation model uses many indicators to compare 63 Moons value to that of its competitors to determine the firm's financial worth. 63 moons technologies is number one stock in return on asset category among its peers. It also is number one stock in net income category among its peers making up about 172,485,193,798 of Net Income per Return On Asset. At this time, 63 Moons' Net Income is comparatively stable compared to the past year. 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 63 Moons' earnings, one of the primary drivers of an investment's value.63MOONS Net Income vs. Return On Asset
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.
63 Moons |
| = | 0.0129 |
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.
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.
63 Moons |
| = | 2.23 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.
63MOONS Net Income Comparison
63 Moons is currently under evaluation in net income category among its peers.
63 Moons Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in 63 Moons, profitability is also one of the essential criteria for including it into their portfolios because, without profit, 63 Moons will eventually generate negative long term returns. The profitability progress is the general direction of 63 Moons' change in net profit over the period of time. It can combine multiple indicators of 63 Moons, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 3.2 B | 3.4 B | |
| Operating Income | 2.4 B | 2.5 B | |
| Income Before Tax | 2.1 B | 1.1 B | |
| Total Other Income Expense Net | -269.8 M | -256.3 M | |
| Net Income | 2.2 B | 1.1 B | |
| Income Tax Expense | 15.5 M | 14.7 M | |
| Interest Income | 1.3 B | 970.2 M | |
| Net Loss | -146.8 M | -139.4 M | |
| Net Interest Income | 1.3 B | 839.9 M | |
| Net Income From Continuing Ops | 2.1 B | 2.2 B | |
| Change To Netincome | -235.2 M | -247 M |
63MOONS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on 63 Moons. 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 63 Moons 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 63 Moons' important profitability drivers and their relationship over time.
Use 63 Moons 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 63 Moons 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 63 Moons will appreciate offsetting losses from the drop in the long position's value.63 Moons Pair Trading
63 moons technologies Pair Trading Analysis
The ability to find closely correlated positions to 63 Moons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 63 Moons 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 63 Moons - 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 63 moons technologies to buy it.
The correlation of 63 Moons 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 63 Moons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 63 moons technologies 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 63 Moons 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 63 Moons position
In addition to having 63 Moons 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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Additional Tools for 63MOONS Stock Analysis
When running 63 Moons' price analysis, check to measure 63 Moons' 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 63 Moons is operating at the current time. Most of 63 Moons' value examination focuses on studying past and present price action to predict the probability of 63 Moons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 63 Moons' price. Additionally, you may evaluate how the addition of 63 Moons to your portfolios can decrease your overall portfolio volatility.