IGEN Networks Price To Earning vs. Current Valuation
| IGEN Stock | USD 0.0001 0.00 0.00% |
For IGEN Networks profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IGEN Networks to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well IGEN Networks Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IGEN Networks's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of IGEN Networks Corp over time as well as its relative position and ranking within its peers.
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IGEN Networks Corp Current Valuation vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IGEN Networks's current stock value. Our valuation model uses many indicators to compare IGEN Networks value to that of its competitors to determine the firm's financial worth. IGEN Networks Corp is currently regarded as number one stock in price to earning category among its peers. It is rated third overall in current valuation category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value IGEN Networks by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IGEN Networks' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.IGEN Current Valuation vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
IGEN Networks |
| = | (3.34) X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 3.07 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
IGEN Current Valuation vs Competition
IGEN Networks Corp is rated third overall in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Software—Application industry is currently estimated at about 404.19 Million. IGEN Networks maintains roughly 3.07 Million in current valuation contributing less than 1% to equities listed under Software—Application industry.
IGEN Networks Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IGEN Networks, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IGEN Networks will eventually generate negative long term returns. The profitability progress is the general direction of IGEN Networks' change in net profit over the period of time. It can combine multiple indicators of IGEN Networks, 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.
IGEN Networks Corp. develops and markets software services for the automotive and fleet management industry in the United States. IGEN Networks Corp. was incorporated in 2006 and is headquartered in Lake Elsinore, California. IGEN NETWORKS operates under SoftwareApplication classification in the United States and is traded on OTC Exchange. It employs 10 people.
IGEN Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IGEN Networks. 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 IGEN Networks 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 IGEN Networks' important profitability drivers and their relationship over time.
Use IGEN Networks 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 IGEN Networks 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 IGEN Networks will appreciate offsetting losses from the drop in the long position's value.IGEN Networks Pair Trading
IGEN Networks Corp Pair Trading Analysis
The ability to find closely correlated positions to IGEN Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IGEN Networks 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 IGEN Networks - 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 IGEN Networks Corp to buy it.
The correlation of IGEN Networks 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 IGEN Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IGEN Networks 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 IGEN Networks 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 IGEN Networks position
In addition to having IGEN Networks 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 IGEN Pink Sheet
To fully project IGEN Networks' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of IGEN Networks 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 IGEN Networks' income statement, its balance sheet, and the statement of cash flows.