Sphere 3D Price To Book vs. Return On Asset
| ANY Stock | USD 1.38 0.18 15.00% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.26 | 0.2722 |
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For Sphere 3D profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sphere 3D to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sphere 3D Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sphere 3D's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sphere 3D Corp over time as well as its relative position and ranking within its peers.
Sphere |
Is Systems Software 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 Sphere 3D. If investors know Sphere 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 Sphere 3D listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.76) | Revenue Per Share 1.603 | Quarterly Revenue Growth (0.15) | Return On Assets (0.17) | Return On Equity (0.35) |
The market value of Sphere 3D Corp is measured differently than its book value, which is the value of Sphere that is recorded on the company's balance sheet. Investors also form their own opinion of Sphere 3D's value that differs from its market value or its book value, called intrinsic value, which is Sphere 3D'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 Sphere 3D's market value can be influenced by many factors that don't directly affect Sphere 3D'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 Sphere 3D's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sphere 3D is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sphere 3D'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.
Sphere 3D Corp Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sphere 3D's current stock value. Our valuation model uses many indicators to compare Sphere 3D value to that of its competitors to determine the firm's financial worth. Sphere 3D Corp is rated below average in price to book category among its peers. It is rated below average in return on asset category among its peers . Return On Assets is likely to drop to -0.54 in 2024. 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 Sphere 3D's earnings, one of the primary drivers of an investment's value.Sphere Return On Asset vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Sphere 3D |
| = | 0.91 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Sphere 3D |
| = | -0.17 |
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.
Sphere Return On Asset Comparison
Sphere 3D is currently under evaluation in return on asset category among its peers.
Sphere 3D Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sphere 3D, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sphere 3D will eventually generate negative long term returns. The profitability progress is the general direction of Sphere 3D's change in net profit over the period of time. It can combine multiple indicators of Sphere 3D, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -1.8 M | -1.9 M | |
| Operating Income | -30 M | -28.5 M | |
| Income Before Tax | -23.3 M | -24.5 M | |
| Total Other Income Expense Net | 6.7 M | 7 M | |
| Net Loss | -23.4 M | -24.6 M | |
| Income Tax Expense | 13 K | 12.3 K | |
| Net Loss | -131.6 M | -125 M | |
| Net Loss | -16 M | -16.8 M | |
| Interest Income | 3.4 M | 1.8 M | |
| Net Interest Income | 2.2 M | 2.3 M | |
| Non Operating Income Net Other | 2.4 M | 1.5 M | |
| Change To Netincome | -1.5 M | -1.4 M | |
| Net Loss | (1.93) | (2.03) | |
| Income Quality | 0.28 | 0.27 | |
| Net Income Per E B T | 1.00 | 1.28 |
Sphere Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sphere 3D. 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 Sphere 3D 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 Sphere 3D's important profitability drivers and their relationship over time.
Use Sphere 3D 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 Sphere 3D 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 Sphere 3D will appreciate offsetting losses from the drop in the long position's value.Sphere 3D Pair Trading
Sphere 3D Corp Pair Trading Analysis
The ability to find closely correlated positions to Sphere 3D could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sphere 3D 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 Sphere 3D - 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 Sphere 3D Corp to buy it.
The correlation of Sphere 3D 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 Sphere 3D moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sphere 3D 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 Sphere 3D 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 Sphere 3D position
In addition to having Sphere 3D 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?
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Additional Tools for Sphere Stock Analysis
When running Sphere 3D's price analysis, check to measure Sphere 3D's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sphere 3D is operating at the current time. Most of Sphere 3D's value examination focuses on studying past and present price action to predict the probability of Sphere 3D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sphere 3D's price. Additionally, you may evaluate how the addition of Sphere 3D to your portfolios can decrease your overall portfolio volatility.