New Momentum Return On Asset vs. Book Value Per Share
| NNAX Stock | USD 0.0004 0.0001 20.00% |
For New Momentum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New Momentum to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New Momentum utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New Momentum's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New Momentum over time as well as its relative position and ranking within its peers.
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New Momentum Book Value Per Share vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining New Momentum's current stock value. Our valuation model uses many indicators to compare New Momentum value to that of its competitors to determine the firm's financial worth. New Momentum is considered to be number one stock in return on asset category among its peers. It also is considered to be number one stock in book value per share category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value New Momentum by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for New Momentum's 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.New Book Value Per Share 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.
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| = | -1.25 |
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.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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| = | (0) X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
New Book Value Per Share Comparison
New Momentum is currently under evaluation in book value per share category among its peers.
New Momentum Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in New Momentum, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New Momentum will eventually generate negative long term returns. The profitability progress is the general direction of New Momentum's change in net profit over the period of time. It can combine multiple indicators of New Momentum, 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.
New Momentum Corporation develops and operates an online ticketing platform under the Gagfare.com name. The company also offers its services through Gagfare mobile application. New Momentum is traded on OTC Exchange in the United States.
New Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on New Momentum. 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 New Momentum 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 New Momentum's important profitability drivers and their relationship over time.
Use New Momentum 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 New Momentum 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 New Momentum will appreciate offsetting losses from the drop in the long position's value.New Momentum Pair Trading
New Momentum Pair Trading Analysis
The ability to find closely correlated positions to New Momentum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Momentum 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 New Momentum - 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 New Momentum to buy it.
The correlation of New Momentum 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 New Momentum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Momentum 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 New Momentum 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 New Momentum position
In addition to having New Momentum 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 Cancer Fighters Thematic Idea Now
Cancer Fighters
Biotech and medical diagnostic companies that work on researching drugs or manufacturing of medical and therapeutics equipment that is directly related to the research, treatment, and detection of cancer or cancer related diseases. The Cancer Fighters theme has 60 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 Cancer Fighters Theme or any other thematic opportunities.
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Additional Tools for New Pink Sheet Analysis
When running New Momentum's price analysis, check to measure New Momentum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Momentum is operating at the current time. Most of New Momentum's value examination focuses on studying past and present price action to predict the probability of New Momentum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Momentum's price. Additionally, you may evaluate how the addition of New Momentum to your portfolios can decrease your overall portfolio volatility.