North Bud Price To Book vs. Current Valuation
Based on the measurements of profitability obtained from North Bud's financial statements, North Bud Farms 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 North Bud's ability to earn profits and add value for shareholders.
Check out Correlation Analysis.
For North Bud profitability analysis, we use financial ratios and fundamental drivers that measure the ability of North Bud to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well North Bud Farms utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between North Bud's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of North Bud Farms over time as well as its relative position and ranking within its peers.
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North Bud Farms Current Valuation vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining North Bud's current stock value. Our valuation model uses many indicators to compare North Bud value to that of its competitors to determine the firm's financial worth. North Bud Farms is regarded fourth in price to book category among its peers. It is regarded fifth in current valuation category among its peers reporting about 3,044,711 of Current Valuation per Price To Book. 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 North Bud's earnings, one of the primary drivers of an investment's value.North Current Valuation vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
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| = | 0.35 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
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| = | 1.07 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.
North Current Valuation vs Competition
North Bud Farms is regarded fifth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Drug Manufacturers—Specialty & Generic industry is now estimated at about 498.53 Million. North Bud adds roughly 1.07 Million in current valuation claiming only tiny portion of equities under Drug Manufacturers—Specialty & Generic industry.
North Bud Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in North Bud, profitability is also one of the essential criteria for including it into their portfolios because, without profit, North Bud will eventually generate negative long term returns. The profitability progress is the general direction of North Bud's change in net profit over the period of time. It can combine multiple indicators of North Bud, 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.
North Bud Farms Inc., through its subsidiaries, focuses on the production of pharmaceutical-grade cannabis and food grade cannabinoid infused inputs for the pharmaceutical and recreational cannabis markets in Canada. The company was incorporated in 2016 and is based in Toronto, Canada. North Bud operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange.
North Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on North Bud. 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 North Bud 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 North Bud's important profitability drivers and their relationship over time.
Use North Bud 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 North Bud 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 North Bud will appreciate offsetting losses from the drop in the long position's value.North Bud Pair Trading
North Bud Farms Pair Trading Analysis
The ability to find closely correlated positions to North Bud could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North Bud 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 North Bud - 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 North Bud Farms to buy it.
The correlation of North Bud 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 North Bud moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North Bud Farms 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 North Bud 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 North Bud position
In addition to having North Bud 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 Long Short Funds Thematic Idea Now
Long Short Funds
Funds or Etfs that are designed to hedge away market risk by investing in combination of bonds, stocks, derivative instruments as well as short positions to maximize returns irrespective of market conditions. The Long Short Funds 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 Long Short Funds Theme or any other thematic opportunities.
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Other Information on Investing in North Pink Sheet
To fully project North Bud's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of North Bud Farms 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 North Bud's income statement, its balance sheet, and the statement of cash flows.