Network CN Price To Earning vs. Current Ratio
| NWCN Stock | USD 0.06 0.94 94.00% |
For Network CN profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Network CN to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Network CN utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Network CN's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Network CN over time as well as its relative position and ranking within its peers.
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Network CN Current Ratio vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Network CN's current stock value. Our valuation model uses many indicators to compare Network CN value to that of its competitors to determine the firm's financial worth. Network CN is considered to be number one stock in price to earning category among its peers. It also is considered to be number one stock in current ratio category among its peers fabricating about 0.01 of Current Ratio per Price To Earning. The ratio of Price To Earning to Current Ratio for Network CN is roughly 99.00 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Network CN by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Network CN'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.Network Current Ratio vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | 0.99 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
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| = | 0.01 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Network Current Ratio Comparison
Network CN is currently under evaluation in current ratio category among its peers.
Network CN Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Network CN, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Network CN will eventually generate negative long term returns. The profitability progress is the general direction of Network CN's change in net profit over the period of time. It can combine multiple indicators of Network CN, 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.
Network CN Inc., together with its subsidiaries, provides out-of-home advertising services to corporate customers in the Peoples Republic of China. The company was formerly known as Teda Travel Group Inc. and changed its name to Network CN Inc. in August 2006. NETWORK CN is traded on PNK Exchange in the United States.
Network Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Network CN. 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 Network CN 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 Network CN's important profitability drivers and their relationship over time.
Use Network CN 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 Network CN 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 Network CN will appreciate offsetting losses from the drop in the long position's value.Network CN Pair Trading
Network CN Pair Trading Analysis
The ability to find closely correlated positions to Network CN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Network CN 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 Network CN - 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 Network CN to buy it.
The correlation of Network CN 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 Network CN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Network CN 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 Network CN 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 Network CN position
In addition to having Network CN 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 Asset Allocation ETFs Thematic Idea Now
Asset Allocation ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Asset Allocation ETFs theme has 145 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 Asset Allocation ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Network Pink Sheet
To fully project Network CN's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Network CN 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 Network CN's income statement, its balance sheet, and the statement of cash flows.