Funko Historical Valuation
| FNKO Stock | USD 7.30 0.06 0.83% |
Some fundamental drivers such as market cap or Funko enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Funko Inc valuation indicators such as Enterprise Value of 497.8 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Funko's future value.
Funko |
About Funko Valuation Data Analysis
Valuation is the financial process of determining what Funko is worth. Funko valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Funko valuation ratios help investors to determine whether Funko Stock 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 Funko with respect to the benefits of owning Funko security.
Funko Valuation Data Chart
Enterprise Value
Enterprise Value (or EV) is usually referred to as Funko theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Funko Inc debt, but would also pocket its cash. Enterprise Value is more accurate representation of Funko value than its market capitalization because it takes into account all of Funko Inc existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Funko
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 Funko 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 Funko will appreciate offsetting losses from the drop in the long position's value.Moving together with Funko Stock
| 0.84 | W | Wayfair Buyout Trend | PairCorr |
| 0.84 | BQ | Boqii Holding Limited | PairCorr |
| 0.66 | FL | Foot Locker | PairCorr |
| 0.81 | HD | Home Depot | PairCorr |
Moving against Funko Stock
| 0.72 | VIPS | Vipshop Holdings | PairCorr |
| 0.7 | AZO | AutoZone | PairCorr |
| 0.51 | JD | JD Inc Adr | PairCorr |
| 0.47 | EYE | National Vision Holdings | PairCorr |
The ability to find closely correlated positions to Funko could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Funko 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 Funko - 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 Funko Inc to buy it.
The correlation of Funko 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 Funko moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Funko Inc 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 Funko 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Funko Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Distributors 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 Funko. If investors know Funko 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 Funko listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Earnings Share (0.28) | Revenue Per Share | Quarterly Revenue Growth 0.009 | Return On Assets |
The market value of Funko Inc is measured differently than its book value, which is the value of Funko that is recorded on the company's balance sheet. Investors also form their own opinion of Funko's value that differs from its market value or its book value, called intrinsic value, which is Funko'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 Funko's market value can be influenced by many factors that don't directly affect Funko'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 Funko's value and its price as these two are different measures arrived at by different means. Investors typically determine if Funko is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Funko'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.