Nitro Games Earnings Per Share vs. Total Asset
| NITRO Stock | SEK 1.60 0.10 5.88% |
For Nitro Games profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nitro Games to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nitro Games Oyj utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nitro Games's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nitro Games Oyj over time as well as its relative position and ranking within its peers.
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Nitro Games Oyj Total Asset vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nitro Games's current stock value. Our valuation model uses many indicators to compare Nitro Games value to that of its competitors to determine the firm's financial worth. Nitro Games Oyj is regarded third in earnings per share category among its peers. It also is regarded third in total asset 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 Nitro Games' earnings, one of the primary drivers of an investment's value.Nitro Total Asset vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Nitro Games |
| = | (0.28) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Nitro Games |
| = | 7.02 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Nitro Total Asset Comparison
Nitro Games is currently under evaluation in total asset category among its peers.
Nitro Games Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nitro Games, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nitro Games will eventually generate negative long term returns. The profitability progress is the general direction of Nitro Games' change in net profit over the period of time. It can combine multiple indicators of Nitro Games, 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.
Nitro Games Oyj develops and publishes games for smartphones and tablets worldwide. The company was founded in 2007 and is headquartered in Kotka, Finland. Nitro Games is traded on Stockholm Stock Exchange in Sweden.
Nitro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nitro Games. 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 Nitro Games 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 Nitro Games' important profitability drivers and their relationship over time.
Use Nitro Games 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 Nitro Games 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 Nitro Games will appreciate offsetting losses from the drop in the long position's value.Nitro Games Pair Trading
Nitro Games Oyj Pair Trading Analysis
The ability to find closely correlated positions to Nitro Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nitro Games 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 Nitro Games - 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 Nitro Games Oyj to buy it.
The correlation of Nitro Games 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 Nitro Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nitro Games Oyj 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 Nitro Games 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 Nitro Games position
In addition to having Nitro Games 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 Management Thematic Idea Now
Management
Companies providing management services to businesses. The Management theme has 43 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 Management Theme or any other thematic opportunities.
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Additional Tools for Nitro Stock Analysis
When running Nitro Games' price analysis, check to measure Nitro Games' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nitro Games is operating at the current time. Most of Nitro Games' value examination focuses on studying past and present price action to predict the probability of Nitro Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitro Games' price. Additionally, you may evaluate how the addition of Nitro Games to your portfolios can decrease your overall portfolio volatility.