Abits Group Stock Price To Earnings To Growth
| ABTS Stock | 0.78 0.02 2.62% |
Abits Group fundamentals help investors to digest information that contributes to Abits' financial success or failures. It also enables traders to predict the movement of Abits Stock. The fundamental analysis module provides a way to measure Abits' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Abits stock.
Abits | Price To Earnings To Growth |
Abits Group Company Price To Earnings To Growth Analysis
Abits' PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.
Abits Price To Earnings To Growth Driver Correlations
Understanding the fundamental principles of building solid financial models for Abits is extremely important. It helps to project a fair market value of Abits Stock properly, considering its historical fundamentals such as Price To Earnings To Growth. Since Abits' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Abits' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Abits' interrelated accounts and indicators.
Click cells to compare fundamentals
Generally speaking, PEG ratio is a 'quick and dirty' way to measure how the current price of a firm's stock relates to its earnings and growth rate. The main benefit of using PEG ratio is that investors can compare the relative valuations of companies within different industries without analyzing their P/E ratios.
| Competition |
Abits Price Earnings To Growth Ratio
Price Earnings To Growth Ratio |
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Based on the latest financial disclosure, Abits Group has a Price To Earnings To Growth of 0.0 times. This is 100.0% lower than that of the Media sector and about the same as Communication Services (which currently averages 0.0) industry. The price to earnings to growth for all United States stocks is 100.0% higher than that of the company.
Abits Price To Earnings To Growth Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Abits' direct or indirect competition against its Price To Earnings To Growth to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Abits could also be used in its relative valuation, which is a method of valuing Abits by comparing valuation metrics of similar companies.Abits is currently under evaluation in price to earnings to growth category among related companies.
Abits Fundamentals
| Net Income | (21.52 M) | ||||
| Cash Flow From Operations | (7.32 M) | ||||
| Total Asset | 24.53 M | ||||
| Retained Earnings | (65.31 M) | ||||
| Working Capital | 4.28 M | ||||
| Net Asset | 24.53 M |
About Abits Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Abits Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Abits using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Abits Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Abits in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Abits' short interest history, or implied volatility extrapolated from Abits options trading.
Pair Trading with Abits
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 Abits 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 Abits will appreciate offsetting losses from the drop in the long position's value.Moving against Abits Stock
| 0.88 | CTV | Innovid Corp Financial Report 14th of May 2024 | PairCorr |
| 0.81 | EDR | Endeavor Group Holdings Financial Report 14th of May 2024 | PairCorr |
| 0.8 | OMC | Omnicom Group | PairCorr |
| 0.72 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.67 | TSQ | Townsquare Media Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Abits could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abits 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 Abits - 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 Abits Group to buy it.
The correlation of Abits 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 Abits moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abits Group 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 Abits 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.Check out Abits Piotroski F Score and Abits Altman Z Score analysis. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Abits Stock analysis
When running Abits' price analysis, check to measure Abits' 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 Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.
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Is Abits' industry 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 Abits. If investors know Abits 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 Abits 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 Abits Group is measured differently than its book value, which is the value of Abits that is recorded on the company's balance sheet. Investors also form their own opinion of Abits' value that differs from its market value or its book value, called intrinsic value, which is Abits' 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 Abits' market value can be influenced by many factors that don't directly affect Abits' 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 Abits' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abits is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abits' 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.