Medican Enterprises Market Capitalization vs. Working Capital
Based on Medican Enterprises' profitability indicators, Medican Enterprises may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Medican Enterprises' ability to earn profits and add value for shareholders.
Check out Correlation Analysis.
For Medican Enterprises profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Medican Enterprises to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Medican Enterprises utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Medican Enterprises's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Medican Enterprises over time as well as its relative position and ranking within its peers.
Medican |
Medican Enterprises Working Capital vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Medican Enterprises's current stock value. Our valuation model uses many indicators to compare Medican Enterprises value to that of its competitors to determine the firm's financial worth. Medican Enterprises is considered to be number one stock in market capitalization category among its peers. It also is considered to be number one stock in working capital category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Medican Enterprises by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Medican Enterprises' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Medican Market Capitalization vs. Competition
Medican Enterprises is considered to be number one stock in market capitalization category among its peers. Market capitalization of Health Care industry is now estimated at about 2.21 Billion. Medican Enterprises adds roughly 13,480 in market capitalization claiming only tiny portion of equities under Health Care industry.
Medican Working Capital vs. Market Capitalization
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Medican Enterprises |
| = | 13.48 K |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Medican Enterprises |
| = | (9.66 M) |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Medican Working Capital Comparison
Medican Enterprises is currently under evaluation in working capital category among its peers.
Medican Enterprises Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Medican Enterprises, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Medican Enterprises will eventually generate negative long term returns. The profitability progress is the general direction of Medican Enterprises' change in net profit over the period of time. It can combine multiple indicators of Medican Enterprises, 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.
Medican Enterprises, Inc., a bio-pharmaceutical company, focuses on pursuing business opportunities in the medical and recreational marijuana sector. Medican Enterprises, Inc. was founded in 1988 and is headquartered in Las Vegas, Nevada. Medican Enterprises operates under Real Estate Services classification in the United States and is traded on OTC Exchange. It employs 3 people.
Medican Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Medican Enterprises. 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 Medican Enterprises 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 Medican Enterprises' important profitability drivers and their relationship over time.
Use Medican Enterprises 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 Medican Enterprises 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 Medican Enterprises will appreciate offsetting losses from the drop in the long position's value.Medican Enterprises Pair Trading
Medican Enterprises Pair Trading Analysis
The ability to find closely correlated positions to Medican Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medican Enterprises 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 Medican Enterprises - 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 Medican Enterprises to buy it.
The correlation of Medican Enterprises 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 Medican Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medican Enterprises 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 Medican Enterprises 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 Medican Enterprises position
In addition to having Medican Enterprises 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 Medican Pink Sheet
To fully project Medican Enterprises' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Medican Enterprises 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 Medican Enterprises' income statement, its balance sheet, and the statement of cash flows.