Icandy Interactive Limited (ICI.AX) shares are moving today on volatility 14.58% or $0.007 from the open. The ASX listed company saw a recent bid of 0.055 and 494326 shares have traded hands in the session.
Investors have a few distinct options when approaching the stock market. One option is to follow the crowd and trade with the consensus. Another way is to go against the herd and adopt a contrarian strategy. When it comes down to it, the investor will typically have to make this decision with their best interests in mind. In general, no investor wants to miss out on a winning stock. Far too often, investors will be overcome with the fear of missing out and get into a stock way too late. Just because a stock has been over performing and seeing large gains does not mean that those gains are going to continue into the future. Investors may be too quick to get into a hot stock without putting in the proper time and energy to research whether or not it is still a good stock at current trading levels. I who take the time to do their homework for every trade may find themselves a step ahead of the crowd in the long run.
Turning to Return on Assets or ROA, Icandy Interactive Limited (ICI.AX) has a current ROA of -72.18. This is a profitability ratio that measures net income generated from total company assets during a given period. This ratio reveals how quick a company can turn it’s assets into profits. In other words, the ratio provides insight into the profitability of a firm’s assets. The ratio is calculated by dividing total net income by the average total assets.
A higher ROA compared to peers in the same industry, would suggest that company management is able to effectively generate profits from their assets. Similar to the other ratios, a lower number might raise red flags about management’s ability when compared to other companies in a similar sector.
Now let’s take a look at how the fundamentals are stacking up for Icandy Interactive Limited (ICI.AX). Fundamental analysis takes into cons market, industry and stock conditions to help determine if the shares are correctly valued.
One indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. Icandy Interactive Limited (ICI.AX) currently has Return on Equity of -90.87. ROE is a ratio that measures profits generated from the investments received from shareholders.
In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits. A company with high ROE typically reflects well on management and how well a company is run at a high level. A firm with a lower ROE might encourage potential investors to dig further to see why profits aren’t being generated from shareholder money.
Beginner traders have the tendency to make many mistakes when starting out. Although this comes with the territory, continually making the same mistakes will most likely put the trader on the sidelines very quickly. Learning from previous mistakes is what helps trform a mediocre trader into a good one. Successful traders are highly adept at creating detailed plans, managing risk, and reviewing previous trading records. Scooping up profits from the stock market is no easy task. Even with the best intentions and preparation, things may not work out as planned. Taking a look at the market from various angles may help the trader see the bigger picture. Market environments are constantly changing, and traders need to be ready for these changes and adapt accordingly in order to be successful over the long-term.