MICS Old Current Valuation vs. Cash And Equivalents
Based on the measurements of profitability obtained from MICS Old's financial statements, MICS Old 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 MICS Old's ability to earn profits and add value for shareholders.
Check out Correlation 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 main economic indicators.
Please note, there is a significant difference between MICS Old's value and its price as these two are different measures arrived at by different means. Investors typically determine if MICS Old is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MICS Old's 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 MICS Old profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MICS Old to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MICS Old utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MICS Old's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MICS Old over time as well as its relative position and ranking within its peers.
MICS |
MICS Old Cash And Equivalents vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MICS Old's current stock value. Our valuation model uses many indicators to compare MICS Old value to that of its competitors to determine the firm's financial worth. MICS Old is rated below average in current valuation category among its peers. It is rated below average in cash and equivalents category among its peers creating about 0.29 of Cash And Equivalents per Current Valuation. The ratio of Current Valuation to Cash And Equivalents for MICS Old is roughly 3.44 . Comparative valuation analysis is a catch-all technique that is used if you cannot value MICS Old 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.MICS Current Valuation vs. Competition
MICS Old is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Consumer Discretionary industry is now estimated at about 3.85 Trillion. MICS Old adds roughly 10.26 Million in current valuation claiming only tiny portion of stocks in Consumer Discretionary industry.
MICS Cash And Equivalents vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
MICS Old |
| = | 10.26 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
MICS Old |
| = | 2.98 M |
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).
MICS Cash And Equivalents Comparison
MICS Old is currently under evaluation in cash and equivalents category among its peers.
MICS Old Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in MICS Old, profitability is also one of the essential criteria for including it into their portfolios because, without profit, MICS Old will eventually generate negative long term returns. The profitability progress is the general direction of MICS Old's change in net profit over the period of time. It can combine multiple indicators of MICS Old, 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.
The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida. Singing Machine operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 32 people.
MICS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MICS Old. 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 MICS Old 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 MICS Old's important profitability drivers and their relationship over time.
Use MICS Old 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 MICS Old 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 MICS Old will appreciate offsetting losses from the drop in the long position's value.MICS Old Pair Trading
MICS Old Pair Trading Analysis
The ability to find closely correlated positions to Iron Mountain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iron Mountain 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 Iron Mountain - 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 Iron Mountain Incorporated to buy it.
The correlation of Iron Mountain 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 Iron Mountain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iron Mountain 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 Iron Mountain 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 MICS Old position
In addition to having MICS Old 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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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 Semiconductor Theme or any other thematic opportunities.
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Check out Correlation 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 main economic indicators. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in MICS Stock
If you are still planning to invest in MICS Old 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 MICS Old's history and understand the potential risks before investing.
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