Solar Alliance Cash And Equivalents vs. Price To Sales
| SOLR Stock | CAD 0.03 0.01 25.00% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.2 | 0.1438 |
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For Solar Alliance profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Solar Alliance to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Solar Alliance Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Solar Alliance's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Solar Alliance Energy over time as well as its relative position and ranking within its peers.
Solar |
Solar Alliance Energy Price To Sales vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Solar Alliance's current stock value. Our valuation model uses many indicators to compare Solar Alliance value to that of its competitors to determine the firm's financial worth. Solar Alliance Energy is currently regarded as top stock in cash and equivalents category among its peers. It also is currently regarded as top stock in price to sales category among its peers . The ratio of Cash And Equivalents to Price To Sales for Solar Alliance Energy is about 339,051 . At this time, Solar Alliance's Price To Sales Ratio is fairly stable compared to the past year. 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 Solar Alliance's earnings, one of the primary drivers of an investment's value.Solar Price To Sales vs. Cash And Equivalents
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.
Solar Alliance |
| = | 403.2 K |
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).
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.
Solar Alliance |
| = | 1.19 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.
Solar Price To Sales Comparison
Solar Alliance is currently under evaluation in price to sales category among its peers.
Solar Alliance Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Solar Alliance, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Solar Alliance will eventually generate negative long term returns. The profitability progress is the general direction of Solar Alliance's change in net profit over the period of time. It can combine multiple indicators of Solar Alliance, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 19.6 M | 20.6 M | |
| Operating Income | -2 M | -2.1 M | |
| Net Loss | -1.8 M | -1.9 M | |
| Income Tax Expense | 82.2 K | 78.1 K | |
| Income Before Tax | -1.8 M | -1.9 M | |
| Total Other Income Expense Net | 161.9 K | 153.8 K | |
| Net Loss | -1.8 M | -1.9 M | |
| Net Loss | -1.2 M | -1.3 M | |
| Net Interest Income | -7 K | -7.3 K | |
| Interest Income | 12 K | 11.4 K | |
| Change To Netincome | 582.8 K | 611.9 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.21 | 0.20 | |
| Net Income Per E B T | 1.15 | 0.81 |
Solar Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Solar Alliance. 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 Solar Alliance 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 Solar Alliance's important profitability drivers and their relationship over time.
Use Solar Alliance 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 Solar Alliance 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 Solar Alliance will appreciate offsetting losses from the drop in the long position's value.Solar Alliance Pair Trading
Solar Alliance Energy Pair Trading Analysis
The ability to find closely correlated positions to Solar Alliance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar Alliance 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 Solar Alliance - 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 Solar Alliance Energy to buy it.
The correlation of Solar Alliance 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 Solar Alliance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solar Alliance Energy 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 Solar Alliance 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 Solar Alliance position
In addition to having Solar Alliance 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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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Small Cap ETFs theme has 168 constituents at this time.
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Additional Tools for Solar Stock Analysis
When running Solar Alliance's price analysis, check to measure Solar Alliance'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 Solar Alliance is operating at the current time. Most of Solar Alliance's value examination focuses on studying past and present price action to predict the probability of Solar Alliance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar Alliance's price. Additionally, you may evaluate how the addition of Solar Alliance to your portfolios can decrease your overall portfolio volatility.