Radient Technologies Price To Sales vs. Current Valuation
Based on Radient Technologies' profitability indicators, Radient Technologies may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Radient Technologies' ability to earn profits and add value for shareholders.
Check out Your Equity Center.
For Radient Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Radient Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Radient Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Radient Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Radient Technologies over time as well as its relative position and ranking within its peers.
Radient |
Radient Technologies Current Valuation vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Radient Technologies's current stock value. Our valuation model uses many indicators to compare Radient Technologies value to that of its competitors to determine the firm's financial worth. Radient Technologies is rated below average in price to sales category among its peers. It is rated below average in current valuation category among its peers reporting about 14,633,852 of Current Valuation per Price To Sales. 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 Radient Technologies' earnings, one of the primary drivers of an investment's value.Radient Current Valuation vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Radient Technologies |
| = | 0.82 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
Radient Technologies |
| = | 11.97 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.
Radient Current Valuation vs Competition
Radient Technologies is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Drug Manufacturers—Specialty & Generic industry is at this time estimated at about 492.62 Million. Radient Technologies holds roughly 11.97 Million in current valuation claiming about 2.43% of equities under Drug Manufacturers—Specialty & Generic industry.
Radient Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Radient Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Radient Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Radient Technologies' change in net profit over the period of time. It can combine multiple indicators of Radient Technologies, 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.
Radient Technologies Inc., together with its subsidiaries, processes, manufactures, sells, and distributes cannabis materials in Canada and internationally. Radient Technologies Inc. was incorporated in 2001 and is headquartered in Edmonton, Canada. Radient Technologies is traded on OTC Exchange in the United States.
Radient Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Radient Technologies. 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 Radient Technologies 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 Radient Technologies' important profitability drivers and their relationship over time.
Use Radient Technologies 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 Radient Technologies 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 Radient Technologies will appreciate offsetting losses from the drop in the long position's value.Radient Technologies Pair Trading
Radient Technologies Pair Trading Analysis
The ability to find closely correlated positions to Radient Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Radient Technologies 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 Radient Technologies - 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 Radient Technologies to buy it.
The correlation of Radient Technologies 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 Radient Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radient Technologies 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 Radient Technologies 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 Radient Technologies position
In addition to having Radient Technologies 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 Artificial Intelligence Thematic Idea Now
Artificial Intelligence
Technology companies, funds, and ETFs across multiple industries that are involved in research or development in the field of reasoning, learning, natural language processing and perception as well as its application to science and commerce. This theme may also include entities involved in cybernetics and cognitive brain simulation field. The Artificial Intelligence theme has 42 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 Artificial Intelligence Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Radient Pink Sheet
To fully project Radient Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Radient Technologies 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 Radient Technologies' income statement, its balance sheet, and the statement of cash flows.