Performant Financial Price To Sales vs. Net Income
| PFMTDelisted Stock | USD 3.19 0.50 13.55% |
For Performant Financial profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Performant Financial to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Performant Financial utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Performant Financial's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Performant Financial over time as well as its relative position and ranking within its peers.
Performant |
Performant Financial Net Income vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Performant Financial's current stock value. Our valuation model uses many indicators to compare Performant Financial value to that of its competitors to determine the firm's financial worth. Performant Financial is rated below average in price to sales category among its peers. It is rated below average in net income category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Performant Financial by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Performant Net Income vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Performant Financial |
| = | 2.31 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Performant Financial |
| = | (7.52 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Performant Net Income Comparison
Performant Financial is currently under evaluation in net income category among its peers.
Performant Financial Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Performant Financial, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Performant Financial will eventually generate negative long term returns. The profitability progress is the general direction of Performant Financial's change in net profit over the period of time. It can combine multiple indicators of Performant Financial, 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.
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California. Performant Financial operates under Specialty Business Services classification in the United States and is traded on NASDAQ Exchange. It employs 929 people.
Performant Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Performant Financial. 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 Performant Financial 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 Performant Financial's important profitability drivers and their relationship over time.
Use Performant Financial 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 Performant Financial 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 Performant Financial will appreciate offsetting losses from the drop in the long position's value.Performant Financial Pair Trading
Performant Financial Pair Trading Analysis
The ability to find closely correlated positions to Performant Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Performant Financial 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 Performant Financial - 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 Performant Financial to buy it.
The correlation of Performant Financial 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 Performant Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Performant Financial 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 Performant Financial 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 Performant Financial position
In addition to having Performant Financial 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 Utilities Thematic Idea Now
Utilities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 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 Utilities Theme or any other thematic opportunities.
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Check out Your Equity Center 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 population. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Consideration for investing in Performant Stock
If you are still planning to invest in Performant Financial 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 Performant Financial's history and understand the potential risks before investing.
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