Volitionrx Shares Owned By Institutions vs. Cash And Equivalents

VNRX Stock  USD 0.57  0.02  3.39%   
Based on the key profitability measurements obtained from Volitionrx's financial statements, Volitionrx 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 Volitionrx's ability to earn profits and add value for shareholders. At this time, Volitionrx's Days Sales Outstanding is fairly stable compared to the past year. Days Of Sales Outstanding is likely to rise to 122.33 in 2024, whereas Price To Sales Ratio is likely to drop 62.58 in 2024. At this time, Volitionrx's Accumulated Other Comprehensive Income is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 326.2 K in 2024, despite the fact that Operating Income is likely to grow to (34.2 M).
For Volitionrx profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Volitionrx to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Volitionrx utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Volitionrx's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Volitionrx over time as well as its relative position and ranking within its peers.
  
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Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Volitionrx. If investors know Volitionrx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Volitionrx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.36)
Revenue Per Share
0.012
Quarterly Revenue Growth
0.83
Return On Assets
(1.01)
Return On Equity
(7.30)
The market value of Volitionrx is measured differently than its book value, which is the value of Volitionrx that is recorded on the company's balance sheet. Investors also form their own opinion of Volitionrx's value that differs from its market value or its book value, called intrinsic value, which is Volitionrx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Volitionrx's market value can be influenced by many factors that don't directly affect Volitionrx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Volitionrx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Volitionrx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Volitionrx'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.

Volitionrx Cash And Equivalents vs. Shares Owned By Institutions Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Volitionrx's current stock value. Our valuation model uses many indicators to compare Volitionrx value to that of its competitors to determine the firm's financial worth.
Volitionrx is rated below average in shares owned by institutions category among its peers. It also is rated below average in cash and equivalents category among its peers creating about  859,686  of Cash And Equivalents per Shares Owned By Institutions. 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 Volitionrx's earnings, one of the primary drivers of an investment's value.

Volitionrx Cash And Equivalents vs. Shares Owned By Institutions

Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

Volitionrx

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
19.10 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Volitionrx

Cash

 = 

Bank Deposits

+

Liquidities

 = 
16.42 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Volitionrx Cash And Equivalents Comparison

Volitionrx is currently under evaluation in cash and equivalents category among its peers.

Volitionrx Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Volitionrx, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Volitionrx will eventually generate negative long term returns. The profitability progress is the general direction of Volitionrx's change in net profit over the period of time. It can combine multiple indicators of Volitionrx, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income243.9 K256.1 K
Operating Income-36 M-34.2 M
Net Loss-35.3 M-33.6 M
Income Before Tax-35.7 M-33.9 M
Total Other Income Expense Net310.6 K326.2 K
Income Tax Expense-358 K-340.1 K
Net Loss-34.2 M-32.5 M
Net Loss-27.5 M-26.2 M
Interest Income152.1 K87.7 K
Net Interest Income-68.7 K-72.1 K
Non Operating Income Net Other1.1 M599.9 K
Change To Netincome3.2 M2.5 M
Net Loss(0.50)(0.52)
Income Quality 0.51  0.41 
Net Income Per E B T 0.99  1.10 

Volitionrx Profitability Driver Comparison

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

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

Volitionrx Pair Trading

Volitionrx Pair Trading Analysis

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

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Additional Tools for Volitionrx Stock Analysis

When running Volitionrx's price analysis, check to measure Volitionrx'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 Volitionrx is operating at the current time. Most of Volitionrx's value examination focuses on studying past and present price action to predict the probability of Volitionrx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volitionrx's price. Additionally, you may evaluate how the addition of Volitionrx to your portfolios can decrease your overall portfolio volatility.