CanaQuest Medical Earnings Per Share vs. Net Income
| CANQF Stock | USD 0.03 0.01 23.26% |
For CanaQuest Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CanaQuest Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CanaQuest Medical Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CanaQuest Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CanaQuest Medical Corp over time as well as its relative position and ranking within its peers.
CanaQuest |
CanaQuest Medical Corp Net Income vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CanaQuest Medical's current stock value. Our valuation model uses many indicators to compare CanaQuest Medical value to that of its competitors to determine the firm's financial worth. CanaQuest Medical Corp is rated fourth in earnings per share category among its peers. It is number one stock in net income category among its peers . 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 CanaQuest Medical's earnings, one of the primary drivers of an investment's value.CanaQuest Net Income vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
CanaQuest Medical |
| = | (0.06) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
CanaQuest Medical |
| = | (1.1 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CanaQuest Net Income Comparison
CanaQuest Medical is currently under evaluation in net income category among its peers.
CanaQuest Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CanaQuest Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CanaQuest Medical will eventually generate negative long term returns. The profitability progress is the general direction of CanaQuest Medical's change in net profit over the period of time. It can combine multiple indicators of CanaQuest Medical, 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.
CanaQuest Medical Corp. develops health products and pharmaceuticals that utilize hemps, cannabis, and algae oils. CanaQuest Medical Corp. was founded in 2008 and is based in Mississauga, Canada. Canaquest Medical operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange.
CanaQuest Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CanaQuest Medical. 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 CanaQuest Medical 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 CanaQuest Medical's important profitability drivers and their relationship over time.
Use CanaQuest Medical 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 CanaQuest Medical 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 CanaQuest Medical will appreciate offsetting losses from the drop in the long position's value.CanaQuest Medical Pair Trading
CanaQuest Medical Corp Pair Trading Analysis
The ability to find closely correlated positions to CanaQuest Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CanaQuest Medical 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 CanaQuest Medical - 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 CanaQuest Medical Corp to buy it.
The correlation of CanaQuest Medical 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 CanaQuest Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CanaQuest Medical 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 CanaQuest Medical 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 CanaQuest Medical position
In addition to having CanaQuest Medical 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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Other Information on Investing in CanaQuest Pink Sheet
To fully project CanaQuest Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CanaQuest Medical Corp 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 CanaQuest Medical's income statement, its balance sheet, and the statement of cash flows.