Magic Eden Crypto Current Asset
| ME Crypto | USD 2.04 0.01 0.49% |
Magic Eden fundamentals help investors to digest information that contributes to Magic Eden's financial success or failures. It also enables traders to predict the movement of Magic Crypto Coin. The fundamental analysis module provides a way to measure Magic Eden's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Magic Eden crypto coin.
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Magic Eden Cryptocurrency Current Asset Analysis
Magic Eden's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
In accordance with the recently published financial statements, Magic Eden has a Current Asset of 0.0. This indicator is about the same for the Blockchain average (which is currently at 0.0) sector and about the same as Cryptocurrency (which currently averages 0.0) industry. This indicator is about the same for all United States cryptos average (which is currently at 0.0).
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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About Magic Eden Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Magic Eden's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magic Eden using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magic Eden based on its fundamental data. In general, a quantitative approach, as applied to this cryptocurrency, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Magic Eden offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magic Eden's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magic Eden Crypto.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Eden. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.