Vicinity Revenue vs. Current Ratio
| VMC Stock | CAD 0.07 0.00 0.00% |
Total Revenue | First Reported 2010-12-31 | Previous Quarter 19.1 M | Current Value 29.1 M | Quarterly Volatility 16.5 M |
For Vicinity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Vicinity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Vicinity Motor Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Vicinity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Vicinity Motor Corp over time as well as its relative position and ranking within its peers.
Vicinity |
Vicinity Motor Corp Current Ratio vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Vicinity's current stock value. Our valuation model uses many indicators to compare Vicinity value to that of its competitors to determine the firm's financial worth. Vicinity Motor Corp is rated first in revenue category among its peers. It is rated first in current ratio category among its peers . The ratio of Revenue to Current Ratio for Vicinity Motor Corp is about 9,202,899 . At this time, Vicinity's Total Revenue is fairly stable compared to the past year. 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 Vicinity's earnings, one of the primary drivers of an investment's value.Vicinity Revenue vs. Competition
Vicinity Motor Corp is rated first in revenue category among its peers. Market size based on revenue of Consumer Discretionary industry is at this time estimated at about 144.68 Million. Vicinity retains roughly 19.05 Million in revenue claiming about 13% of stocks in Consumer Discretionary industry.
Vicinity Current Ratio vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Vicinity |
| = | 19.05 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.
Vicinity |
| = | 2.07 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).
Vicinity Current Ratio Comparison
Vicinity is currently under evaluation in current ratio category among its peers.
Vicinity Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Vicinity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Vicinity will eventually generate negative long term returns. The profitability progress is the general direction of Vicinity's change in net profit over the period of time. It can combine multiple indicators of Vicinity, 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.
| Last Reported | Projected for Next Year | ||
| Net Interest Income | -5 M | -4.8 M | |
| Operating Income | -9.4 M | -8.9 M | |
| Net Loss | -16.6 M | -15.8 M | |
| Income Before Tax | -16.6 M | -15.8 M | |
| Total Other Income Expense Net | -2.2 M | -2.1 M | |
| Net Loss | -6.6 M | -6.3 M | |
| Net Loss | -16.6 M | -15.8 M | |
| Income Tax Expense | 533.6 K | 560.3 K | |
| Change To Netincome | 2.6 M | 1.5 M | |
| Net Loss | (0.49) | (0.52) | |
| Income Quality | 2.00 | 3.37 | |
| Net Income Per E B T | 0.91 | 0.82 |
Vicinity Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Vicinity. 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 Vicinity 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 Vicinity's important profitability drivers and their relationship over time.
Use Vicinity 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 Vicinity 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 Vicinity will appreciate offsetting losses from the drop in the long position's value.Vicinity Pair Trading
Vicinity Motor Corp Pair Trading Analysis
The ability to find closely correlated positions to Vicinity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vicinity 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 Vicinity - 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 Vicinity Motor Corp to buy it.
The correlation of Vicinity 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 Vicinity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vicinity Motor Corp 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 Vicinity 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 Vicinity position
In addition to having Vicinity 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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Restaraunts Hotels Motels
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Restaraunts Hotels Motels 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 Restaraunts Hotels Motels Theme or any other thematic opportunities.
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Additional Tools for Vicinity Stock Analysis
When running Vicinity's price analysis, check to measure Vicinity'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 Vicinity is operating at the current time. Most of Vicinity's value examination focuses on studying past and present price action to predict the probability of Vicinity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vicinity's price. Additionally, you may evaluate how the addition of Vicinity to your portfolios can decrease your overall portfolio volatility.