Canna Consumer Net Income vs. Total Asset
| CBMJ Stock | USD 0.13 0.01 7.14% |
For Canna Consumer profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canna Consumer to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canna Consumer Goods utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canna Consumer's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canna Consumer Goods over time as well as its relative position and ranking within its peers.
Canna |
Canna Consumer Goods Total Asset vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canna Consumer's current stock value. Our valuation model uses many indicators to compare Canna Consumer value to that of its competitors to determine the firm's financial worth. Canna Consumer Goods is rated second in net income category among its peers. It also is rated second in total asset category among its peers . 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 Canna Consumer's earnings, one of the primary drivers of an investment's value.Canna Total Asset vs. Net Income
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.
Canna Consumer |
| = | (121.39 K) |
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.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Canna Consumer |
| = | 211.97 K |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Canna Total Asset Comparison
Canna Consumer is currently under evaluation in total asset category among its peers.
Canna Consumer Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canna Consumer, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canna Consumer will eventually generate negative long term returns. The profitability progress is the general direction of Canna Consumer's change in net profit over the period of time. It can combine multiple indicators of Canna Consumer, 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.
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Canna Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canna Consumer. 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 Canna Consumer 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 Canna Consumer's important profitability drivers and their relationship over time.
Use Canna Consumer 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 Canna Consumer 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 Canna Consumer will appreciate offsetting losses from the drop in the long position's value.Canna Consumer Pair Trading
Canna Consumer Goods Pair Trading Analysis
The ability to find closely correlated positions to Canna Consumer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canna Consumer 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 Canna Consumer - 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 Canna Consumer Goods to buy it.
The correlation of Canna Consumer 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 Canna Consumer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canna Consumer Goods 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 Canna Consumer 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 Canna Consumer position
In addition to having Canna Consumer 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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Other Information on Investing in Canna Pink Sheet
To fully project Canna Consumer's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canna Consumer Goods 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 Canna Consumer's income statement, its balance sheet, and the statement of cash flows.