Ensurge Micropower Net Income vs. Book Value Per Share
| ENSU Stock | 0.91 0.04 4.21% |
For Ensurge Micropower profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ensurge Micropower to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ensurge Micropower ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ensurge Micropower's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ensurge Micropower ASA over time as well as its relative position and ranking within its peers.
Ensurge |
Ensurge Micropower ASA Book Value Per Share vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ensurge Micropower's current stock value. Our valuation model uses many indicators to compare Ensurge Micropower value to that of its competitors to determine the firm's financial worth. Ensurge Micropower ASA is one of the top stocks in net income category among its peers. It also is one of the top stocks in book value 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 Ensurge Micropower's earnings, one of the primary drivers of an investment's value.Ensurge Book Value Per Share vs. Net Income
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.
Ensurge Micropower |
| = | (31 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.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Ensurge Micropower |
| = | (0.07) X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Ensurge Book Value Per Share Comparison
Ensurge Micropower is currently under evaluation in book value per share category among its peers.
Ensurge Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ensurge Micropower. 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 Ensurge Micropower 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 Ensurge Micropower's important profitability drivers and their relationship over time.
Use Ensurge Micropower 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 Ensurge Micropower 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 Ensurge Micropower will appreciate offsetting losses from the drop in the long position's value.Ensurge Micropower Pair Trading
Ensurge Micropower ASA Pair Trading Analysis
The ability to find closely correlated positions to Ensurge Micropower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ensurge Micropower 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 Ensurge Micropower - 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 Ensurge Micropower ASA to buy it.
The correlation of Ensurge Micropower 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 Ensurge Micropower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ensurge Micropower ASA 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 Ensurge Micropower 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 Ensurge Micropower position
In addition to having Ensurge Micropower 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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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Global Macro ETFs theme has 26 constituents at this time.
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Other Information on Investing in Ensurge Stock
To fully project Ensurge Micropower's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ensurge Micropower ASA 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 Ensurge Micropower's income statement, its balance sheet, and the statement of cash flows.