NR 21 Total Asset vs. Current Valuation
| NR21 Stock | 35.20 0.00 0.00% |
For NR 21 profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NR 21 to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NR 21 SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NR 21's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NR 21 SA over time as well as its relative position and ranking within its peers.
NR21 |
NR 21 SA Current Valuation vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NR 21's current stock value. Our valuation model uses many indicators to compare NR 21 value to that of its competitors to determine the firm's financial worth. NR 21 SA is considered to be number one stock in total asset category among its peers. It also is rated top company in current valuation category among its peers reporting about 0.63 of Current Valuation per Total Asset. The ratio of Total Asset to Current Valuation for NR 21 SA is roughly 1.58 . Comparative valuation analysis is a catch-all model that can be used if you cannot value NR 21 by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NR 21's Stock. 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.NR21 Current Valuation vs. Total Asset
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.
NR 21 |
| = | 5.63 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.
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.
NR 21 |
| = | 3.56 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.
NR21 Current Valuation vs Competition
NR 21 SA is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Apparel Retail industry is now estimated at about 1.81 Billion. NR 21 adds roughly 3.56 Million in current valuation claiming only tiny portion of stocks in Apparel Retail industry.
NR21 Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NR 21. 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 NR 21 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 NR 21's important profitability drivers and their relationship over time.
Use NR 21 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 NR 21 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 NR 21 will appreciate offsetting losses from the drop in the long position's value.NR 21 Pair Trading
NR 21 SA Pair Trading Analysis
The ability to find closely correlated positions to NR 21 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NR 21 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 NR 21 - 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 NR 21 SA to buy it.
The correlation of NR 21 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 NR 21 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NR 21 SA 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 NR 21 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 NR 21 position
In addition to having NR 21 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 Basic Utilities Thematic Idea Now
Basic Utilities
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 46 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 Basic Utilities Theme or any other thematic opportunities.
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Other Information on Investing in NR21 Stock
To fully project NR 21's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NR 21 SA 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 NR 21's income statement, its balance sheet, and the statement of cash flows.