YourWay Cannabis Gross Profit vs. Current Valuation
Based on YourWay Cannabis' profitability indicators, YourWay Cannabis Brands 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 YourWay Cannabis' ability to earn profits and add value for shareholders.
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For YourWay Cannabis profitability analysis, we use financial ratios and fundamental drivers that measure the ability of YourWay Cannabis to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well YourWay Cannabis Brands utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between YourWay Cannabis's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of YourWay Cannabis Brands over time as well as its relative position and ranking within its peers.
YourWay |
YourWay Cannabis Brands Current Valuation vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining YourWay Cannabis's current stock value. Our valuation model uses many indicators to compare YourWay Cannabis value to that of its competitors to determine the firm's financial worth. YourWay Cannabis Brands is rated below average in gross profit category among its peers. It is rated below average in current valuation category among its peers reporting about 2.55 of Current Valuation per Gross Profit. 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 YourWay Cannabis' earnings, one of the primary drivers of an investment's value.YourWay Current Valuation vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
YourWay Cannabis |
| = | 3.13 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
YourWay Cannabis |
| = | 7.97 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
YourWay Current Valuation vs Competition
YourWay Cannabis Brands is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Drug Manufacturers—Specialty & Generic industry is at this time estimated at about 1.48 Billion. YourWay Cannabis maintains roughly 7.97 Million in current valuation contributing less than 1% to equities under Drug Manufacturers—Specialty & Generic industry.
YourWay Cannabis Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in YourWay Cannabis, profitability is also one of the essential criteria for including it into their portfolios because, without profit, YourWay Cannabis will eventually generate negative long term returns. The profitability progress is the general direction of YourWay Cannabis' change in net profit over the period of time. It can combine multiple indicators of YourWay Cannabis, 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.
YourWay Cannabis Brands Inc. operates as a multi-state cannabis operator with sales and operations in Arizona and California. YourWay Cannabis Brands Inc. was incorporated in 2019 and is based in Phoenix, Arizona. Yourway Cannabis operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange.
YourWay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on YourWay Cannabis. 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 YourWay Cannabis 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 YourWay Cannabis' important profitability drivers and their relationship over time.
Use YourWay Cannabis 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 YourWay Cannabis 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 YourWay Cannabis will appreciate offsetting losses from the drop in the long position's value.YourWay Cannabis Pair Trading
YourWay Cannabis Brands Pair Trading Analysis
The ability to find closely correlated positions to YourWay Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YourWay Cannabis 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 YourWay Cannabis - 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 YourWay Cannabis Brands to buy it.
The correlation of YourWay Cannabis 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 YourWay Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YourWay Cannabis Brands 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 YourWay Cannabis 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 YourWay Cannabis position
In addition to having YourWay Cannabis 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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Companies producing and selling home and office furniture. The Furniture theme has 42 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 Furniture Theme or any other thematic opportunities.
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Other Information on Investing in YourWay Pink Sheet
To fully project YourWay Cannabis' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of YourWay Cannabis Brands 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 YourWay Cannabis' income statement, its balance sheet, and the statement of cash flows.