Aspen Digital Stock Return On Asset
| ASPD Stock | USD 3.37 0.02 0.60% |
Aspen Digital fundamentals help investors to digest information that contributes to Aspen Digital's financial success or failures. It also enables traders to predict the movement of Aspen Pink Sheet. The fundamental analysis module provides a way to measure Aspen Digital's 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 Aspen Digital pink sheet.
Aspen |
Aspen Digital Company Return On Asset Analysis
Aspen Digital's 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.
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.
Based on the latest financial disclosure, Aspen Digital has a Return On Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Return On Asset (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
Aspen Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aspen Digital's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Aspen Digital could also be used in its relative valuation, which is a method of valuing Aspen Digital by comparing valuation metrics of similar companies.Aspen Digital is currently under evaluation in return on asset category among related companies.
About Aspen Digital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aspen Digital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aspen Digital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aspen Digital 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.
Pair Trading with Aspen Digital
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 Aspen Digital 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 Aspen Digital will appreciate offsetting losses from the drop in the long position's value.Moving against Aspen Pink Sheet
| 0.56 | GOOG | Alphabet Class C | PairCorr |
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| 0.42 | AMZN | Amazon Inc | PairCorr |
The ability to find closely correlated positions to Aspen Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aspen Digital 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 Aspen Digital - 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 Aspen Digital to buy it.
The correlation of Aspen Digital 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 Aspen Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aspen Digital 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 Aspen Digital 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Aspen Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Aspen Pink Sheet analysis
When running Aspen Digital's price analysis, check to measure Aspen Digital'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 Aspen Digital is operating at the current time. Most of Aspen Digital's value examination focuses on studying past and present price action to predict the probability of Aspen Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aspen Digital's price. Additionally, you may evaluate how the addition of Aspen Digital to your portfolios can decrease your overall portfolio volatility.
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