Corner Growth Current Ratio vs. Earnings Per Share
| COOLUDelisted Stock | USD 11.40 0.00 0.00% |
For Corner Growth profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Corner Growth to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Corner Growth Acquisition utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Corner Growth's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Corner Growth Acquisition over time as well as its relative position and ranking within its peers.
Corner |
Corner Growth Acquisition Earnings Per Share vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Corner Growth's current stock value. Our valuation model uses many indicators to compare Corner Growth value to that of its competitors to determine the firm's financial worth. Corner Growth Acquisition is number one stock in current ratio category among its peers. It is rated third in earnings per share category among its peers creating about 0.36 of Earnings Per Share per Current Ratio. The ratio of Current Ratio to Earnings Per Share for Corner Growth Acquisition is roughly 2.80 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Corner Growth by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Corner Earnings Per Share vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Corner Growth |
| = | 0.73 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Corner Growth |
| = | 0.26 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Corner Earnings Per Share Comparison
Corner Growth is currently under evaluation in earnings per share category among its peers.
Corner Growth Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Corner Growth, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Corner Growth will eventually generate negative long term returns. The profitability progress is the general direction of Corner Growth's change in net profit over the period of time. It can combine multiple indicators of Corner Growth, 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.
Corner Growth Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in Palo Alto, California. Corner Growth operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.
Corner Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Corner Growth. 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 Corner Growth 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 Corner Growth's important profitability drivers and their relationship over time.
Use Corner Growth 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 Corner Growth 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 Corner Growth will appreciate offsetting losses from the drop in the long position's value.Corner Growth Pair Trading
Corner Growth Acquisition Pair Trading Analysis
The ability to find closely correlated positions to Corner Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corner Growth 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 Corner Growth - 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 Corner Growth Acquisition to buy it.
The correlation of Corner Growth 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 Corner Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corner Growth Acquisition 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 Corner Growth 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 Corner Growth position
In addition to having Corner Growth 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 Macroaxis Picks Thematic Idea Now
Macroaxis Picks
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 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 Macroaxis Picks 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 signals in bureau of economic analysis. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in Corner Stock
If you are still planning to invest in Corner Growth Acquisition check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Corner Growth's history and understand the potential risks before investing.
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