Salon City Stock Beta
| SALN Stock | USD 0.0001 0.00 0.000003% |
Salon City fundamentals help investors to digest information that contributes to Salon City's financial success or failures. It also enables traders to predict the movement of Salon Stock. The fundamental analysis module provides a way to measure Salon City'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 Salon City stock.
Salon | Beta |
Salon City Company Beta Analysis
Salon City's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Salon City Beta | -4.8 |
Most of Salon City's fundamental indicators, such as Beta, 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, Salon City is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Salon City has a Beta of -4.803. This is 475.23% lower than that of the Media sector and significantly lower than that of the Communication Services industry. The beta for all United States stocks is notably higher than that of the company.
Salon Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Salon City's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Salon City could also be used in its relative valuation, which is a method of valuing Salon City by comparing valuation metrics of similar companies.Salon City is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Salon City are expected to decrease by larger amounts. On the other hand, during market turmoil, Salon City is expected to outperform it.
Salon Fundamentals
| Return On Asset | -1.21 | ||||
| Profit Margin | (1.75) % | ||||
| Operating Margin | (7.63) % | ||||
| Current Valuation | 5.96 K | ||||
| Price To Earning | (0.02) X | ||||
| Price To Sales | 0.02 X | ||||
| Revenue | 467.32 K | ||||
| Gross Profit | (149.55 K) | ||||
| EBITDA | (419.57 K) | ||||
| Net Income | (810.03 K) | ||||
| Cash And Equivalents | 24.21 K | ||||
| Total Debt | 6.87 K | ||||
| Current Ratio | 0.25 X | ||||
| Book Value Per Share | (0.07) X | ||||
| Cash Flow From Operations | (254.98 K) | ||||
| Beta | -4.8 | ||||
| Market Capitalization | 5.96 K | ||||
| Total Asset | 129.03 K | ||||
| Net Asset | 129.03 K |
About Salon City Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Salon City's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Salon City using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Salon City based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Pair Trading with Salon City
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 Salon City 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 Salon City will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Salon City could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salon City 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 Salon City - 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 Salon City to buy it.
The correlation of Salon City 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 Salon City moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salon City 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 Salon City 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.Check out Salon City Piotroski F Score and Salon City Altman Z Score analysis. To learn how to invest in Salon Stock, please use our How to Invest in Salon City guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Publishing space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Salon City. If investors know Salon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Salon City listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.024 | Quarterly Revenue Growth (0.97) | Return On Assets (1.21) |
The market value of Salon City is measured differently than its book value, which is the value of Salon that is recorded on the company's balance sheet. Investors also form their own opinion of Salon City's value that differs from its market value or its book value, called intrinsic value, which is Salon City's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Salon City's market value can be influenced by many factors that don't directly affect Salon City's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Salon City's value and its price as these two are different measures arrived at by different means. Investors typically determine if Salon City is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Salon City's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.