NEW MILLENNIUM Current Valuation vs. Total Asset
| 36N Stock | EUR 8.05 0.05 0.63% |
For NEW MILLENNIUM profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NEW MILLENNIUM to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NEW MILLENNIUM IRON utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NEW MILLENNIUM's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NEW MILLENNIUM IRON over time as well as its relative position and ranking within its peers.
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NEW MILLENNIUM IRON Total Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NEW MILLENNIUM's current stock value. Our valuation model uses many indicators to compare NEW MILLENNIUM value to that of its competitors to determine the firm's financial worth. NEW MILLENNIUM IRON is rated second in current valuation category among its peers. It also is rated second in total asset category among its peers fabricating about 0.22 of Total Asset per Current Valuation. The ratio of Current Valuation to Total Asset for NEW MILLENNIUM IRON is roughly 4.58 . 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 NEW MILLENNIUM's earnings, one of the primary drivers of an investment's value.NEW Current Valuation vs. Competition
NEW MILLENNIUM IRON is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other industry is presently estimated at about 117.32 Billion. NEW MILLENNIUM adds roughly 134.11 Million in current valuation claiming only tiny portion of all equities under Other industry.
NEW Total Asset vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
NEW MILLENNIUM |
| = | 134.11 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
NEW MILLENNIUM |
| = | 29.29 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
NEW Total Asset Comparison
NEW MILLENNIUM is currently under evaluation in total asset category among its peers.
NEW Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NEW MILLENNIUM. 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 NEW MILLENNIUM 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 NEW MILLENNIUM's important profitability drivers and their relationship over time.
| Current Valuation vs Price To Book | ||
| EBITDA vs Total Asset | ||
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| Current Valuation vs Number Of Employees |
Use NEW MILLENNIUM 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 NEW MILLENNIUM 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 NEW MILLENNIUM will appreciate offsetting losses from the drop in the long position's value.NEW MILLENNIUM Pair Trading
NEW MILLENNIUM IRON Pair Trading Analysis
The ability to find closely correlated positions to NEW MILLENNIUM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NEW MILLENNIUM 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 NEW MILLENNIUM - 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 NEW MILLENNIUM IRON to buy it.
The correlation of NEW MILLENNIUM 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 NEW MILLENNIUM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NEW MILLENNIUM IRON 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 NEW MILLENNIUM 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 NEW MILLENNIUM position
In addition to having NEW MILLENNIUM 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?
Run Social Domain Thematic Idea Now
Social Domain
New or established large and mid-sized companies that are involved in the social media industry, including entities that provide web-based or mobile media applications and services across across large segment of population in multiple geographical areas. The Social Domain theme has 26 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Social Domain Theme or any other thematic opportunities.
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Other Information on Investing in NEW Stock
To fully project NEW MILLENNIUM's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NEW MILLENNIUM IRON at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NEW MILLENNIUM's income statement, its balance sheet, and the statement of cash flows.