Heritage Cannabis Return On Asset vs. Revenue
| HERTFDelisted Stock | USD 0 0.00 0.00% |
For Heritage Cannabis profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Heritage Cannabis to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Heritage Cannabis Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Heritage Cannabis's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Heritage Cannabis Holdings over time as well as its relative position and ranking within its peers.
Heritage |
Heritage Cannabis Revenue vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Heritage Cannabis's current stock value. Our valuation model uses many indicators to compare Heritage Cannabis value to that of its competitors to determine the firm's financial worth. Heritage Cannabis Holdings is rated # 2 in return on asset category among its peers. It is rated # 5 in revenue 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 Heritage Cannabis' earnings, one of the primary drivers of an investment's value.Heritage Revenue 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.
Heritage Cannabis |
| = | -0.0523 |
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.
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.
Heritage Cannabis |
| = | 14.06 M |
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.
Heritage Revenue vs Competition
Heritage Cannabis Holdings is rated # 5 in revenue category among its peers. Market size based on revenue of Drug Manufacturers—Specialty & Generic industry is currently estimated at about 171.67 Million. Heritage Cannabis holds roughly 14.06 Million in revenue claiming about 8% of equities under Drug Manufacturers—Specialty & Generic industry.
Heritage Cannabis Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Heritage Cannabis, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Heritage Cannabis will eventually generate negative long term returns. The profitability progress is the general direction of Heritage Cannabis' change in net profit over the period of time. It can combine multiple indicators of Heritage Cannabis, 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.
Heritage Cannabis Holdings Corp., through its subsidiaries, operates as a cannabinoid company in Canada and the United States. Heritage Cannabis Holdings Corp. was incorporated in 2007 and is headquartered in Toronto, Canada. Heritage Cannabis is traded on OTC Exchange in the United States.
Heritage Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Heritage Cannabis. 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 Heritage Cannabis 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 Heritage Cannabis' important profitability drivers and their relationship over time.
Use Heritage Cannabis 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 Heritage Cannabis 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 Heritage Cannabis will appreciate offsetting losses from the drop in the long position's value.Heritage Cannabis Pair Trading
Heritage Cannabis Holdings Pair Trading Analysis
The ability to find closely correlated positions to Heritage Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heritage Cannabis 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 Heritage Cannabis - 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 Heritage Cannabis Holdings to buy it.
The correlation of Heritage Cannabis 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 Heritage Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heritage Cannabis 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 Heritage Cannabis 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 Heritage Cannabis position
In addition to having Heritage Cannabis 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 Fabricated Products Thematic Idea Now
Fabricated Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Fabricated Products theme has 11 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 Fabricated Products Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis 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 estimate. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Heritage Pink Sheet
If you are still planning to invest in Heritage Cannabis 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 Heritage Cannabis' history and understand the potential risks before investing.
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