Connexa Sports Current Valuation vs. Return On Asset
| YYAI Stock | 1.32 0.01 0.76% |
For Connexa Sports profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Connexa Sports to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Connexa Sports Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Connexa Sports's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Connexa Sports Technologies over time as well as its relative position and ranking within its peers.
Connexa |
Is Apparel, Accessories & Luxury Goods 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 Connexa Sports. If investors know Connexa 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 Connexa Sports listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Connexa Sports Techn is measured differently than its book value, which is the value of Connexa that is recorded on the company's balance sheet. Investors also form their own opinion of Connexa Sports' value that differs from its market value or its book value, called intrinsic value, which is Connexa Sports' 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 Connexa Sports' market value can be influenced by many factors that don't directly affect Connexa Sports' 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 Connexa Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Connexa Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Connexa Sports' 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.
Connexa Sports Techn Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Connexa Sports's current stock value. Our valuation model uses many indicators to compare Connexa Sports value to that of its competitors to determine the firm's financial worth. Connexa Sports Technologies is rated first in current valuation category among its peers. It is rated first in return on asset category among its peers . 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 Connexa Sports' earnings, one of the primary drivers of an investment's value.Connexa Current Valuation vs. Competition
Connexa Sports Technologies is rated first in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Consumer Discretionary industry is at this time estimated at about 194.35 Billion. Connexa Sports adds roughly 38.2 Million in current valuation claiming only tiny portion of stocks in Consumer Discretionary industry.
Connexa Return On Asset vs. Current Valuation
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.
Connexa Sports |
| = | 38.2 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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Connexa Sports |
| = | -0.57 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Connexa Return On Asset Comparison
Connexa Sports is currently under evaluation in return on asset category among its peers.
Connexa Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Connexa Sports. 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 Connexa Sports 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 Connexa Sports' important profitability drivers and their relationship over time.
Use Connexa Sports 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 Connexa Sports 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 Connexa Sports will appreciate offsetting losses from the drop in the long position's value.Connexa Sports Pair Trading
Connexa Sports Technologies Pair Trading Analysis
The ability to find closely correlated positions to Connexa Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Connexa Sports 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 Connexa Sports - 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 Connexa Sports Technologies to buy it.
The correlation of Connexa Sports 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 Connexa Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Connexa Sports Techn 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 Connexa Sports 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 Connexa Sports position
In addition to having Connexa Sports 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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To fully project Connexa Sports' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Connexa Sports Techn 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 Connexa Sports' income statement, its balance sheet, and the statement of cash flows.