Zicix Corp Price To Earning vs. Beta
| ZICX Stock | USD 0.0006 0.00 0.00% |
For Zicix Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zicix Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zicix Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zicix Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zicix Corp over time as well as its relative position and ranking within its peers.
Zicix |
Zicix Corp Beta vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Zicix Corp's current stock value. Our valuation model uses many indicators to compare Zicix Corp value to that of its competitors to determine the firm's financial worth. Zicix Corp is rated first in price to earning category among its peers. It is rated first in beta category among its peers totaling about 1.31 of Beta per Price To Earning. Comparative valuation analysis is a catch-all model that can be used if you cannot value Zicix Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Zicix Corp's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Zicix Beta vs. Price To Earning
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.
Zicix Corp |
| = | 0.19 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.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Zicix Corp |
| = | 0.25 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Zicix Beta Comparison
Zicix Corp is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, Zicix Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zicix Corp is expected to be smaller as well.
Zicix Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Zicix Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zicix Corp will eventually generate negative long term returns. The profitability progress is the general direction of Zicix Corp's change in net profit over the period of time. It can combine multiple indicators of Zicix Corp, 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.
Zicix Corporation, through its subsidiary, Texas Mobile Health, Inc., provides diagnostic medical imaging services in Houston, Texas. Zicix Corporation was founded in 1979 and is based in Houston, Texas. Zicix Corp operates under SoftwareApplication classification in the United States and is traded on OTC Exchange. It employs 2 people.
Zicix Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Zicix Corp. 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 Zicix Corp 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 Zicix Corp's important profitability drivers and their relationship over time.
Use Zicix Corp 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 Zicix Corp 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 Zicix Corp will appreciate offsetting losses from the drop in the long position's value.Zicix Corp Pair Trading
Zicix Corp Pair Trading Analysis
The ability to find closely correlated positions to Zicix Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zicix Corp 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 Zicix Corp - 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 Zicix Corp to buy it.
The correlation of Zicix Corp 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 Zicix Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zicix 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 Zicix Corp 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 Zicix Corp position
In addition to having Zicix Corp 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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Asset Allocation ETFs
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Additional Tools for Zicix Pink Sheet Analysis
When running Zicix Corp's price analysis, check to measure Zicix Corp'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 Zicix Corp is operating at the current time. Most of Zicix Corp's value examination focuses on studying past and present price action to predict the probability of Zicix Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zicix Corp's price. Additionally, you may evaluate how the addition of Zicix Corp to your portfolios can decrease your overall portfolio volatility.