GoGreen Investments Cash And Equivalents vs. Current Ratio
Based on GoGreen Investments' profitability indicators, GoGreen Investments Corp may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess GoGreen Investments' ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Please note, there is a significant difference between GoGreen Investments' value and its price as these two are different measures arrived at by different means. Investors typically determine if GoGreen Investments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoGreen Investments' 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.
For GoGreen Investments profitability analysis, we use financial ratios and fundamental drivers that measure the ability of GoGreen Investments to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well GoGreen Investments Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between GoGreen Investments's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of GoGreen Investments Corp over time as well as its relative position and ranking within its peers.
GoGreen |
GoGreen Investments Corp Current Ratio vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining GoGreen Investments's current stock value. Our valuation model uses many indicators to compare GoGreen Investments value to that of its competitors to determine the firm's financial worth. GoGreen Investments Corp is rated # 4 in cash and equivalents category among its peers. It is one of the top stocks in current ratio category among its peers . The ratio of Cash And Equivalents to Current Ratio for GoGreen Investments Corp is about 14,159 . 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 GoGreen Investments' earnings, one of the primary drivers of an investment's value.GoGreen Current Ratio vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
GoGreen Investments |
| = | 181.66 K |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
GoGreen Investments |
| = | 12.83 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
GoGreen Current Ratio Comparison
GoGreen Investments is currently under evaluation in current ratio category among its peers.
GoGreen Investments Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in GoGreen Investments, profitability is also one of the essential criteria for including it into their portfolios because, without profit, GoGreen Investments will eventually generate negative long term returns. The profitability progress is the general direction of GoGreen Investments' change in net profit over the period of time. It can combine multiple indicators of GoGreen Investments, 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.
GoGreen Investments Corporation does not have significant operations. The company was incorporated in 2021 and is based in Houston, Texas. Gogreen Investments operates under Shell Companies classification in the United States and is traded on New York Stock Exchange.
GoGreen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on GoGreen Investments. 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 GoGreen Investments 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 GoGreen Investments' important profitability drivers and their relationship over time.
Use GoGreen Investments 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 GoGreen Investments 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 GoGreen Investments will appreciate offsetting losses from the drop in the long position's value.GoGreen Investments Pair Trading
GoGreen Investments Corp Pair Trading Analysis
The ability to find closely correlated positions to Northrop Grumman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northrop Grumman 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 Northrop Grumman - 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 Northrop Grumman to buy it.
The correlation of Northrop Grumman 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 Northrop Grumman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northrop Grumman 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 Northrop Grumman 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 GoGreen Investments position
In addition to having GoGreen Investments 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 Large Value Funds Thematic Idea Now
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 47 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 Large Value Funds Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Other Consideration for investing in GoGreen Stock
If you are still planning to invest in GoGreen Investments Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the GoGreen Investments' history and understand the potential risks before investing.
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