NeoMagic EBITDA vs. Cash Per Share
| NMGCDelisted Stock | USD 0.01 0.00 0.00% |
For NeoMagic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NeoMagic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NeoMagic utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NeoMagic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NeoMagic over time as well as its relative position and ranking within its peers.
NeoMagic |
NeoMagic Cash Per Share vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NeoMagic's current stock value. Our valuation model uses many indicators to compare NeoMagic value to that of its competitors to determine the firm's financial worth. NeoMagic is regarded third in ebitda category among its peers. It is regarded fifth in cash per share category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value NeoMagic by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NeoMagic's 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.NeoMagic Cash Per Share vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
NeoMagic |
| = | (1.94 M) |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
NeoMagic |
| = | 0.01 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
NeoMagic Cash Per Share Comparison
NeoMagic is currently under evaluation in cash per share category among its peers.
NeoMagic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NeoMagic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NeoMagic will eventually generate negative long term returns. The profitability progress is the general direction of NeoMagic's change in net profit over the period of time. It can combine multiple indicators of NeoMagic, 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.
NeoMagic Corporation designs and delivers semiconductors and software solutions for video, television, imaging, graphic, and audio devices. The company was founded in 1993 and is based in Milpitas, California. Neomagic Corp operates under Semiconductors classification in the United States and is traded on OTC Exchange. It employs 4 people.
NeoMagic Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NeoMagic. 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 NeoMagic 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 NeoMagic's important profitability drivers and their relationship over time.
Use NeoMagic 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 NeoMagic 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 NeoMagic will appreciate offsetting losses from the drop in the long position's value.NeoMagic Pair Trading
NeoMagic Pair Trading Analysis
The ability to find closely correlated positions to NeoMagic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeoMagic 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 NeoMagic - 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 NeoMagic to buy it.
The correlation of NeoMagic 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 NeoMagic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoMagic 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 NeoMagic 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 NeoMagic position
In addition to having NeoMagic 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 Data Storage Thematic Idea Now
Data Storage
Companies making data storages or providing data storage services. The Data Storage theme has 42 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 Data Storage 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 price. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Consideration for investing in NeoMagic Pink Sheet
If you are still planning to invest in NeoMagic 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 NeoMagic's history and understand the potential risks before investing.
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