Snoogoo Financial Statements From 2010 to 2024
| SGOO Stock | USD 0.0001 0.00 0.00% |
Check Snoogoo Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Snoogoo Corp's main balance sheet or income statement drivers, such as , as well as many indicators such as . Snoogoo financial statements analysis is a perfect complement when working with Snoogoo Corp Valuation or Volatility modules.
Snoogoo |
Snoogoo Corp Company Return On Asset Analysis
Snoogoo Corp's 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.
Current Snoogoo Corp Return On Asset | -80.21 |
Most of Snoogoo Corp's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Snoogoo Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
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Based on the latest financial disclosure, Snoogoo Corp has a Return On Asset of -80.2111. This is much higher than that of the Financial Services sector and significantly lower than that of the Shell Companies industry. The return on asset for all United States stocks is notably higher than that of the company.
Snoogoo Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Snoogoo Corp's current stock value. Our valuation model uses many indicators to compare Snoogoo Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Snoogoo Corp competition to find correlations between indicators driving Snoogoo Corp's intrinsic value. More Info.Snoogoo Corp is currently regarded as top stock in return on asset category among its peers. It also is currently regarded number one company in current valuation category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Snoogoo Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Snoogoo Corp'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.About Snoogoo Corp Financial Statements
Snoogoo Corp investors utilize fundamental indicators, such as revenue or net income, to predict how Snoogoo Pink Sheet might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
It intends to acquire a company either active in the green energy sector or one whose focus is on an aspect of sustainability. Snoogoo Corp. was incorporated in 2006 and is based in Scottsdale, Arizona. SNOOGOO CORP is traded on OTC Exchange in the United States.
Pair Trading with Snoogoo Corp
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 Snoogoo Corp 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 Snoogoo Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Snoogoo Pink Sheet
| 0.57 | HD | Home Depot | PairCorr |
| 0.56 | GSHN | Gushen Inc | PairCorr |
| 0.5 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.5 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.49 | AMZN | Amazon Inc Aggressive Push | PairCorr |
The ability to find closely correlated positions to Snoogoo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snoogoo Corp 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 Snoogoo Corp - 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 Snoogoo Corp to buy it.
The correlation of Snoogoo Corp 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 Snoogoo Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snoogoo 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 Snoogoo Corp 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.Other Information on Investing in Snoogoo Pink Sheet
Snoogoo Corp financial ratios help investors to determine whether Snoogoo Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Snoogoo with respect to the benefits of owning Snoogoo Corp security.