Quarterhill Price To Book vs. Shares Outstanding
Taking into consideration Quarterhill's profitability measurements, Quarterhill 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 Quarterhill's ability to earn profits and add value for shareholders.
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 board of governors.
Please note, there is a significant difference between Quarterhill's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quarterhill is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quarterhill's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Quarterhill profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Quarterhill to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Quarterhill utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Quarterhill's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Quarterhill over time as well as its relative position and ranking within its peers.
Quarterhill |
Quarterhill Shares Outstanding vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Quarterhill's current stock value. Our valuation model uses many indicators to compare Quarterhill value to that of its competitors to determine the firm's financial worth. Quarterhill is rated fifth in price to book category among its peers. It is currently regarded as top stock in shares outstanding category among its peers creating about 107,832,976 of Shares Outstanding per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Quarterhill by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Quarterhill'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.Quarterhill Shares Outstanding 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.
Quarterhill |
| = | 1.07 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.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Quarterhill |
| = | 115.69 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Quarterhill Shares Outstanding Comparison
Quarterhill is currently under evaluation in shares outstanding category among its peers.
Quarterhill Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Quarterhill, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Quarterhill will eventually generate negative long term returns. The profitability progress is the general direction of Quarterhill's change in net profit over the period of time. It can combine multiple indicators of Quarterhill, 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.
Quarterhill Inc. operates in the intelligent transportation system and intellectual property licensing industries worldwide. Quarterhill Inc. was incorporated in 1992 and is headquartered in Toronto, Canada. QUARTERHILL INC operates under Communication Equipment classification in Canada and is traded on Toronto Stock Exchange. It employs 562 people.
Quarterhill Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Quarterhill. 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 Quarterhill 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 Quarterhill's important profitability drivers and their relationship over time.
Use Quarterhill 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 Quarterhill 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 Quarterhill will appreciate offsetting losses from the drop in the long position's value.Quarterhill Pair Trading
Quarterhill Pair Trading Analysis
The ability to find closely correlated positions to Procter Gamble could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Procter Gamble 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 Procter Gamble - 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 Procter Gamble to buy it.
The correlation of Procter Gamble 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 Procter Gamble moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Procter Gamble 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 Procter Gamble 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 Quarterhill position
In addition to having Quarterhill 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?
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Tech Funds
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 44 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 Tech Funds 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 board of governors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Other Tools for Quarterhill Stock
When running Quarterhill's price analysis, check to measure Quarterhill's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quarterhill is operating at the current time. Most of Quarterhill's value examination focuses on studying past and present price action to predict the probability of Quarterhill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quarterhill's price. Additionally, you may evaluate how the addition of Quarterhill to your portfolios can decrease your overall portfolio volatility.
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