Cannamerica Brands Revenue vs. Total Asset
Based on Cannamerica Brands' profitability indicators, Cannamerica Brands Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Cannamerica Brands' ability to earn profits and add value for shareholders.
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For Cannamerica Brands profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cannamerica Brands to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cannamerica Brands Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cannamerica Brands's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cannamerica Brands Corp over time as well as its relative position and ranking within its peers.
Cannamerica |
Cannamerica Brands Corp Total Asset vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cannamerica Brands's current stock value. Our valuation model uses many indicators to compare Cannamerica Brands value to that of its competitors to determine the firm's financial worth. Cannamerica Brands Corp is rated fourth in revenue category among its peers. It also is rated fourth in total asset category among its peers fabricating about 0.79 of Total Asset per Revenue. The ratio of Revenue to Total Asset for Cannamerica Brands Corp is roughly 1.27 . 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 Cannamerica Brands' earnings, one of the primary drivers of an investment's value.Cannamerica Revenue vs. Competition
Cannamerica Brands Corp is rated fourth in revenue category among its peers. Market size based on revenue of Drug Manufacturers—Specialty & Generic industry is currently estimated at about 130.18 Million. Cannamerica Brands adds roughly 386,494 in revenue claiming only tiny portion of equities under Drug Manufacturers—Specialty & Generic industry.
Cannamerica Total Asset vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Cannamerica Brands |
| = | 386.49 K |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.
Cannamerica Brands |
| = | 305.44 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.
Cannamerica Total Asset Comparison
Cannamerica Brands is currently under evaluation in total asset category among its peers.
Cannamerica Brands Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cannamerica Brands, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cannamerica Brands will eventually generate negative long term returns. The profitability progress is the general direction of Cannamerica Brands' change in net profit over the period of time. It can combine multiple indicators of Cannamerica Brands, 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.
CannAmerica Brands Corp. owns a portfolio of brands of medical cannabis and recreational cannabis products. It offers cannabis infused gummy products, disposable vape pens, distillate droppers, and shatter and wax concentrate products under the CannAmerica brand. CANNAMERICA BRANDS is traded on OTC Exchange in the United States.
Cannamerica Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cannamerica Brands. 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 Cannamerica Brands 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 Cannamerica Brands' important profitability drivers and their relationship over time.
Use Cannamerica Brands 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 Cannamerica Brands 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 Cannamerica Brands will appreciate offsetting losses from the drop in the long position's value.Cannamerica Brands Pair Trading
Cannamerica Brands Corp Pair Trading Analysis
The ability to find closely correlated positions to Cannamerica Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cannamerica Brands 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 Cannamerica Brands - 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 Cannamerica Brands Corp to buy it.
The correlation of Cannamerica Brands 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 Cannamerica Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cannamerica Brands 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 Cannamerica Brands 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 Cannamerica Brands position
In addition to having Cannamerica Brands 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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Companies that develop and distribute software and software systems to individuals or business. The Software theme has 40 constituents at this time.
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Other Information on Investing in Cannamerica Pink Sheet
To fully project Cannamerica Brands' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cannamerica Brands Corp 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 Cannamerica Brands' income statement, its balance sheet, and the statement of cash flows.