CleanGo Innovations EBITDA vs. Earnings Per Share
| CLGOF Stock | USD 0.25 0.00 0.00% |
For CleanGo Innovations profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CleanGo Innovations to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CleanGo Innovations utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CleanGo Innovations's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CleanGo Innovations over time as well as its relative position and ranking within its peers.
CleanGo |
CleanGo Innovations Earnings Per Share vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CleanGo Innovations's current stock value. Our valuation model uses many indicators to compare CleanGo Innovations value to that of its competitors to determine the firm's financial worth. CleanGo Innovations is number one stock in ebitda category among its peers. It also is number one stock in earnings per share 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 CleanGo Innovations' earnings, one of the primary drivers of an investment's value.CleanGo Earnings Per Share vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
CleanGo Innovations |
| = | (6.9 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
CleanGo Innovations |
| = | 0.25 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.
CleanGo Earnings Per Share Comparison
CleanGo Innovations is currently under evaluation in earnings per share category among its peers.
CleanGo Innovations Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CleanGo Innovations, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CleanGo Innovations will eventually generate negative long term returns. The profitability progress is the general direction of CleanGo Innovations' change in net profit over the period of time. It can combine multiple indicators of CleanGo Innovations, 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.
CleanGo Innovations Inc. manufactures and sells non-toxic, biodegradable cleaning, disinfecting, and industrial solutions. CleanGo Innovations Inc. is headquartered in Calgary, Canada. Cleango Innovations operates under Household Personal Products classification in the United States and is traded on OTC Exchange.
CleanGo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CleanGo Innovations. 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 CleanGo Innovations 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 CleanGo Innovations' important profitability drivers and their relationship over time.
Use CleanGo Innovations 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 CleanGo Innovations 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 CleanGo Innovations will appreciate offsetting losses from the drop in the long position's value.CleanGo Innovations Pair Trading
CleanGo Innovations Pair Trading Analysis
The ability to find closely correlated positions to CleanGo Innovations could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CleanGo Innovations 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 CleanGo Innovations - 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 CleanGo Innovations to buy it.
The correlation of CleanGo Innovations 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 CleanGo Innovations moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CleanGo Innovations 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 CleanGo Innovations 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 CleanGo Innovations position
In addition to having CleanGo Innovations 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 Financials Thematic Idea Now
Financials
Companies that provide financial services to business or retail customers. The Financials theme has 20 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 Financials Theme or any other thematic opportunities.
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Other Information on Investing in CleanGo OTC Stock
To fully project CleanGo Innovations' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CleanGo Innovations 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 CleanGo Innovations' income statement, its balance sheet, and the statement of cash flows.