Turtle Beach Return On Equity vs. Number Of Shares Shorted
| HEARDelisted Stock | USD 17.47 0.17 0.96% |
For Turtle Beach profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Turtle Beach to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Turtle Beach Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Turtle Beach's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Turtle Beach Corp over time as well as its relative position and ranking within its peers.
Turtle |
Turtle Beach Corp Number Of Shares Shorted vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Turtle Beach's current stock value. Our valuation model uses many indicators to compare Turtle Beach value to that of its competitors to determine the firm's financial worth. Turtle Beach Corp is rated # 4 in return on equity category among its peers. It is rated # 5 in number of shares shorted category among its peers making about 15,029,299 of Number Of Shares Shorted per Return On Equity. Comparative valuation analysis is a catch-all technique that is used if you cannot value Turtle Beach by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Turtle Number Of Shares Shorted vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Turtle Beach |
| = | 0.0528 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Turtle Beach |
| = | 793.55 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Turtle Number Of Shares Shorted Comparison
Turtle Beach is currently under evaluation in number of shares shorted category among its peers.
Turtle Beach Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Turtle Beach, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Turtle Beach will eventually generate negative long term returns. The profitability progress is the general direction of Turtle Beach's change in net profit over the period of time. It can combine multiple indicators of Turtle Beach, 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.
Turtle Beach Corporation operates as an audio technology company. The company was founded in 1975 and is headquartered in White Plains, New York. Turtle Beach operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 272 people.
Turtle Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Turtle Beach. 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 Turtle Beach 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 Turtle Beach's important profitability drivers and their relationship over time.
Use Turtle Beach 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 Turtle Beach 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 Turtle Beach will appreciate offsetting losses from the drop in the long position's value.Turtle Beach Pair Trading
Turtle Beach Corp Pair Trading Analysis
The ability to find closely correlated positions to Turtle Beach could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turtle Beach 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 Turtle Beach - 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 Turtle Beach Corp to buy it.
The correlation of Turtle Beach 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 Turtle Beach moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turtle Beach 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 Turtle Beach 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 Turtle Beach position
In addition to having Turtle Beach 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 Crypto And Gold Thematic Idea Now
Crypto And Gold
Assets that cancel away each other volatility by providing diversification into gold investment combined with digital assets. The Crypto And Gold theme has 54 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 Crypto And Gold Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Other Consideration for investing in Turtle Stock
If you are still planning to invest in Turtle Beach 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 Turtle Beach's history and understand the potential risks before investing.
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