Snow Capital Cash Position Weight vs. Price To Earning

SNOCX Fund  USD 29.60  0.28  0.95%   
Taking into consideration Snow Capital's profitability measurements, Snow Capital Opportunity 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 Snow Capital's ability to earn profits and add value for shareholders.
For Snow Capital profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Snow Capital to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Snow Capital Opportunity utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Snow Capital's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Snow Capital Opportunity over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Snow Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Capital'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.

Snow Capital Opportunity Price To Earning vs. Cash Position Weight Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Snow Capital's current stock value. Our valuation model uses many indicators to compare Snow Capital value to that of its competitors to determine the firm's financial worth.
Snow Capital Opportunity is rated top fund in cash position weight among similar funds. It also is rated top fund in price to earning among similar funds reporting about  0.69  of Price To Earning per Cash Position Weight. The ratio of Cash Position Weight to Price To Earning for Snow Capital Opportunity is roughly  1.45 . 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 Snow Capital's earnings, one of the primary drivers of an investment's value.

Snow Price To Earning vs. Cash Position Weight

Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.

Snow Capital

Cash Percentage

 = 

% of Cash

in the fund

 = 
20.61 %
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
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.

Snow Capital

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
14.18 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.

Snow Capital Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Snow Capital, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Snow Capital will eventually generate negative long term returns. The profitability progress is the general direction of Snow Capital's change in net profit over the period of time. It can combine multiple indicators of Snow Capital, 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.
The fund invests in equity securities, including common and preferred stocks, convertible securities, and shares of other investment companies and exchange-traded funds that invest in equity securities. It may invest in securities of companies of any size. In addition to domestic securities, the fund may have up to 25 percent of its net assets invested directly or indirectly in foreign securities.

Snow Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Snow Capital. 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 Snow Capital 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 Snow Capital's important profitability drivers and their relationship over time.

Use Snow Capital 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 Snow Capital 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 Snow Capital will appreciate offsetting losses from the drop in the long position's value.

Snow Capital Pair Trading

Snow Capital Opportunity Pair Trading Analysis

The ability to find closely correlated positions to Snow Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snow Capital 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 Snow Capital - 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 Snow Capital Opportunity to buy it.
The correlation of Snow Capital 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 Snow Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snow Capital Opportunity 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 Snow Capital 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Snow Capital position

In addition to having Snow Capital 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.

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Run Macroaxis Picks Thematic Idea Now

Macroaxis Picks
Macroaxis Picks Theme
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 50 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 Macroaxis Picks Theme or any other thematic opportunities.
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Other Information on Investing in Snow Mutual Fund

To fully project Snow Capital's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Snow Capital Opportunity 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 Snow Capital's income statement, its balance sheet, and the statement of cash flows.
Potential Snow Capital investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Snow Capital investors may work on each financial statement separately, they are all related. The changes in Snow Capital's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Snow Capital's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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