Nextgen Book Value Per Share vs. Cash And Equivalents
| NXGN Stock | ILS 62.40 1.00 1.58% |
For Nextgen profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nextgen to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nextgen utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nextgen's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nextgen over time as well as its relative position and ranking within its peers.
Nextgen |
Nextgen Cash And Equivalents vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nextgen's current stock value. Our valuation model uses many indicators to compare Nextgen value to that of its competitors to determine the firm's financial worth. Nextgen is considered to be number one stock in book value per share category among its peers. It also is considered to be number one stock in cash and equivalents category among its peers creating about 22,245,614 of Cash And Equivalents per Book Value Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Nextgen by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nextgen's Stock. 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.Nextgen Cash And Equivalents vs. Book Value Per Share
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.
Nextgen |
| = | 0.28 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.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Nextgen |
| = | 6.34 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Nextgen Cash And Equivalents Comparison
Nextgen is currently under evaluation in cash and equivalents category among its peers.
Nextgen Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nextgen, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nextgen will eventually generate negative long term returns. The profitability progress is the general direction of Nextgen's change in net profit over the period of time. It can combine multiple indicators of Nextgen, 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.
Nextgen Biomed Ltd, through its subsidiary, develops medicines for the treatment of psoriasis.
Nextgen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nextgen. 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 Nextgen 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 Nextgen's important profitability drivers and their relationship over time.
Use Nextgen 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 Nextgen 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 Nextgen will appreciate offsetting losses from the drop in the long position's value.Nextgen Pair Trading
Nextgen Pair Trading Analysis
The ability to find closely correlated positions to Nextgen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextgen 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 Nextgen - 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 Nextgen to buy it.
The correlation of Nextgen 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 Nextgen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextgen 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 Nextgen 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 Nextgen position
In addition to having Nextgen 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 Nextgen Stock
To fully project Nextgen's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nextgen 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 Nextgen's income statement, its balance sheet, and the statement of cash flows.