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Closely Watching the Magic Formula & Quant Scores for Nutanix, Inc. (NasdaqGS:NTNX), Qorvo, Inc. (NasdaqGS:QRVO)

Nutanix, Inc. (NasdaqGS:NTNX) has a current MF Rank of 15820. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.

Some investors may be struggling after adding the wrong stocks to the portfolio. Creating a specific plan for investing may help turn the ship around. The stock market is still producing plenty of green arrows, and investors need to be able to capitalize. It is quite reasonable to be optimistic about the investment environment heading into the second half of the year. The next couple of weeks may be the perfect time for investors to put the pedal down and try to develop a strategy that will beat the market over the next quarter. Most investors realize that there are no certainties when it comes to equity investing. It is never a guarantee that a stock or an index will go up or down from one day to the next. Investors who prepare themselves for any scenario should be in a much better place than those who don’t.

Checking in on some valuation rankings, Nutanix, Inc. (NasdaqGS:NTNX) has a Value Composite score of 83. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 86.

Nutanix, Inc. (NasdaqGS:NTNX) has a Price to Book ratio of 11.080339. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 45.383111, and a current Price to Earnings ratio of -6.581835. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Shifting gears, we can see that Nutanix, Inc. (NasdaqGS:NTNX) has a Q.i. Value of 70.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be.

Watching some historical volatility numbers on shares of Nutanix, Inc. (NasdaqGS:NTNX), we can see that the 12 month volatility is presently 73.631800. The 6 month volatility is 76.560300, and the 3 month is spotted at 60.254000. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. 

At the time of writing, Nutanix, Inc. (NasdaqGS:NTNX) has a Piotroski F-Score of 5. The F-Score may help discover companies with strengthening balance sheets. The score may also be used to spot the weak performers. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the other end, a stock with a score from 0-2 would be viewed as weak.

Investors may be interested in viewing the Gross Margin score on shares of Nutanix, Inc. (NasdaqGS:NTNX). The name currently has a score of 50.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction.  The Shareholder Yield of Nutanix, Inc. (NasdaqGS:NTNX) is -0.108278.  This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased.  Dividends are a common way that companies distribute cash to their shareholders.  Similarly, cash repurchases and a reduction of debt can increase the shareholder value, too.  Another way to determine the effectiveness of a company’s distributions is by looking at the Shareholder yield (Mebane Faber).  The Shareholder Yield (Mebane Faber) of Nutanix, Inc. NasdaqGS:NTNX is -0.09804.  This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield.

Price Index

We can now take a quick look at some historical stock price index data. Nutanix, Inc. (NasdaqGS:NTNX) presently has a 10 month price index of 0.45172. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 0.32840, the 24 month is 0.85366, and the 36 month is 0.49189. Narrowing in a bit closer, the 5 month price index is 0.47557, the 3 month is 0.47408, and the 1 month is currently 0.68190.

Investors may be wondering how to tackle the markets at current levels. Many investors may feel like they have missed out on the markets getting to where they are today. It may be a case of missed trades or being too cautious, but a stellar forward thinking strategy may be just what is needed to get back on track. Studying various sectors may help provide some insight on where to go from here. Investors may become very familiar and comfortable with a certain sector, and they may be completely missing out on opportunities from other fast growing sectors. Investors may also need to take a long-term approach which may include creating a diversified portfolio that takes many different factors into consideration. With the enormous amount of uncertainty that follows the global investing world on a daily basis, it may be helpful for investors to be able to keep their emotions in check. Studying the hard data may prove to be very useful when trying to separate truth from fiction in the equity markets.

Qorvo, Inc. (NasdaqGS:QRVO) has a current Magic Formula rank of 5632. The formula which was developed by hedge fund manager Joel Greenblatt, is intended to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.

When deciding how to best approach the stock market, individual investors may need to figure out what their time horizon is going to be. Short-term traders may only be looking to hold stocks for a short period in order to capitalize on fluctuations. Longer-term investors may be looking at more of a buy and hold strategy, and they may not be very concerned with the day to day shifts of a stock’s price. Accumulating as much knowledge as possible about specific stocks and the markets in general can help the investor prepare for success. Because there is no magic strategy that can be employed to guarantee profits, investors may need to evaluate multiple methods before choosing which one to pursue.

The Value Composite One (VC1) is a method that investors use to determine a company’s value.  The VC1 of Qorvo, Inc. (NasdaqGS:QRVO) is 39.  A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company.  The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings.  Similarly, the Value Composite Two (VC2) is calculated with the same ratios, but adds the Shareholder Yield.  The Value Composite Two of Qorvo, Inc. (NasdaqGS:QRVO) is 30.

Shifting gears, we can see that Qorvo, Inc. (NasdaqGS:QRVO) has a Q.i. Value of 29.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be.

Watching some historical volatility numbers on shares of Qorvo, Inc. (NasdaqGS:QRVO), we can see that the 12 month volatility is presently 30.439500. The 6 month volatility is 32.922500, and the 3 month is spotted at 37.814500. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. 

Investors may be interested in viewing the Gross Margin score on shares of Qorvo, Inc. (NasdaqGS:QRVO). The name currently has a score of 41.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.

At the time of writing, Qorvo, Inc. (NasdaqGS:QRVO) has a Piotroski F-Score of 8. The F-Score may help discover companies with strengthening balance sheets. The score may also be used to spot the weak performers. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the other end, a stock with a score from 0-2 would be viewed as weak.

Volatility

Stock volatility is a percentage that indicates whether a stock is a desirable purchase.  Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year.  The Volatility 12m of Qorvo, Inc. (NasdaqGS:QRVO) is 30.439500.  This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.  The lower the number, a company is thought to have low volatility.  The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months.  The Volatility 3m of Qorvo, Inc. (NasdaqGS:QRVO) is 37.814500.  The Volatility 6m is the same, except measured over the course of six months.  The Volatility 6m is 32.922500.

Return on Invested Capital (ROIC), ROIC Quality, ROIC 5 Year Average

The Return on Invested Capital (aka ROIC) for Qorvo, Inc. (NasdaqGS:QRVO) is 0.199513. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. It tells investors how well a company is turning their capital into profits. The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is calculated by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. The ROIC Quality of Qorvo, Inc. (NasdaqGS:QRVO) is 2.584301. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets). The ROIC 5 year average of Qorvo, Inc. (NasdaqGS:QRVO) is 0.072114.

There are many different tools to determine whether a company is profitable or not.  One of the most popular ratios is the “Return on Assets” (aka ROA).  This score indicates how profitable a company is relative to its total assets.  The Return on Assets for Qorvo, Inc. (NasdaqGS:QRVO) is 0.035048.  This number is calculated by dividing net income after tax by the company’s total assets.  A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return.

When looking back historically at the stock market, it is easy to see that there are always extended periods of upturns and downturns. The speed at which the market can shift can cause even the most experienced investors stomachs to turn. When times are good and markets are rising, it can be easy to forget that a downturn may be just around the corner. Being prepared for sudden changes can help the investor plan for the unknown as best they can. Getting caught off guard can be extremely disconcerting and lead to irrational decision making. There is rarely any substitute for extensive study and focused dedication. Investors who put in the extra time to create a backup plan may be better able to traverse the road when the market environment inevitably shifts.

Nutanix, Inc. (NasdaqGS:NTNX) has a current MF Rank of 15820. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.

Some investors may be struggling after adding the wrong stocks to the portfolio. Creating a specific plan for investing may help turn the ship around. The stock market is still producing plenty of green arrows, and investors need to be able to capitalize. It is quite reasonable to be optimistic about the investment environment heading into the second half of the year. The next couple of weeks may be the perfect time for investors to put the pedal down and try to develop a strategy that will beat the market over the next quarter. Most investors realize that there are no certainties when it comes to equity investing. It is never a guarantee that a stock or an index will go up or down from one day to the next. Investors who prepare themselves for any scenario should be in a much better place than those who don’t.

Checking in on some valuation rankings, Nutanix, Inc. (NasdaqGS:NTNX) has a Value Composite score of 83. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 86.

Nutanix, Inc. (NasdaqGS:NTNX) has a Price to Book ratio of 11.080339. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 45.383111, and a current Price to Earnings ratio of -6.581835. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Shifting gears, we can see that Nutanix, Inc. (NasdaqGS:NTNX) has a Q.i. Value of 70.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be.

Watching some historical volatility numbers on shares of Nutanix, Inc. (NasdaqGS:NTNX), we can see that the 12 month volatility is presently 73.631800. The 6 month volatility is 76.560300, and the 3 month is spotted at 60.254000. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. 

At the time of writing, Nutanix, Inc. (NasdaqGS:NTNX) has a Piotroski F-Score of 5. The F-Score may help discover companies with strengthening balance sheets. The score may also be used to spot the weak performers. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the other end, a stock with a score from 0-2 would be viewed as weak.

Investors may be interested in viewing the Gross Margin score on shares of Nutanix, Inc. (NasdaqGS:NTNX). The name currently has a score of 50.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction.  The Shareholder Yield of Nutanix, Inc. (NasdaqGS:NTNX) is -0.108278.  This percentage is calculated by adding the dividend yield plus the percentage of shares repurchased.  Dividends are a common way that companies distribute cash to their shareholders.  Similarly, cash repurchases and a reduction of debt can increase the shareholder value, too.  Another way to determine the effectiveness of a company’s distributions is by looking at the Shareholder yield (Mebane Faber).  The Shareholder Yield (Mebane Faber) of Nutanix, Inc. NasdaqGS:NTNX is -0.09804.  This number is calculated by looking at the sum of the dividend yield plus percentage of sales repurchased and net debt repaid yield.

Price Index

We can now take a quick look at some historical stock price index data. Nutanix, Inc. (NasdaqGS:NTNX) presently has a 10 month price index of 0.45172. The price index is calculated by dividing the current share price by the share price ten months ago. A ratio over one indicates an increase in share price over the period. A ratio lower than one shows that the price has decreased over that time period. Looking at some alternate time periods, the 12 month price index is 0.32840, the 24 month is 0.85366, and the 36 month is 0.49189. Narrowing in a bit closer, the 5 month price index is 0.47557, the 3 month is 0.47408, and the 1 month is currently 0.68190.

Investors may be wondering how to tackle the markets at current levels. Many investors may feel like they have missed out on the markets getting to where they are today. It may be a case of missed trades or being too cautious, but a stellar forward thinking strategy may be just what is needed to get back on track. Studying various sectors may help provide some insight on where to go from here. Investors may become very familiar and comfortable with a certain sector, and they may be completely missing out on opportunities from other fast growing sectors. Investors may also need to take a long-term approach which may include creating a diversified portfolio that takes many different factors into consideration. With the enormous amount of uncertainty that follows the global investing world on a daily basis, it may be helpful for investors to be able to keep their emotions in check. Studying the hard data may prove to be very useful when trying to separate truth from fiction in the equity markets.

Qorvo, Inc. (NasdaqGS:QRVO) has a current Magic Formula rank of 5632. The formula which was developed by hedge fund manager Joel Greenblatt, is intended to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.

When deciding how to best approach the stock market, individual investors may need to figure out what their time horizon is going to be. Short-term traders may only be looking to hold stocks for a short period in order to capitalize on fluctuations. Longer-term investors may be looking at more of a buy and hold strategy, and they may not be very concerned with the day to day shifts of a stock’s price. Accumulating as much knowledge as possible about specific stocks and the markets in general can help the investor prepare for success. Because there is no magic strategy that can be employed to guarantee profits, investors may need to evaluate multiple methods before choosing which one to pursue.

The Value Composite One (VC1) is a method that investors use to determine a company’s value.  The VC1 of Qorvo, Inc. (NasdaqGS:QRVO) is 39.  A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company.  The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings.  Similarly, the Value Composite Two (VC2) is calculated with the same ratios, but adds the Shareholder Yield.  The Value Composite Two of Qorvo, Inc. (NasdaqGS:QRVO) is 30.

Shifting gears, we can see that Qorvo, Inc. (NasdaqGS:QRVO) has a Q.i. Value of 29.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be.

Watching some historical volatility numbers on shares of Qorvo, Inc. (NasdaqGS:QRVO), we can see that the 12 month volatility is presently 30.439500. The 6 month volatility is 32.922500, and the 3 month is spotted at 37.814500. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. 

Investors may be interested in viewing the Gross Margin score on shares of Qorvo, Inc. (NasdaqGS:QRVO). The name currently has a score of 41.00000. This score is derived from the Gross Margin (Marx) stability and growth over the previous eight years. The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative.

At the time of writing, Qorvo, Inc. (NasdaqGS:QRVO) has a Piotroski F-Score of 8. The F-Score may help discover companies with strengthening balance sheets. The score may also be used to spot the weak performers. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the other end, a stock with a score from 0-2 would be viewed as weak.

Volatility

Stock volatility is a percentage that indicates whether a stock is a desirable purchase.  Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year.  The Volatility 12m of Qorvo, Inc. (NasdaqGS:QRVO) is 30.439500.  This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.  The lower the number, a company is thought to have low volatility.  The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months.  The Volatility 3m of Qorvo, Inc. (NasdaqGS:QRVO) is 37.814500.  The Volatility 6m is the same, except measured over the course of six months.  The Volatility 6m is 32.922500.

Return on Invested Capital (ROIC), ROIC Quality, ROIC 5 Year Average

The Return on Invested Capital (aka ROIC) for Qorvo, Inc. (NasdaqGS:QRVO) is 0.199513. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. It tells investors how well a company is turning their capital into profits. The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is calculated by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. The ROIC Quality of Qorvo, Inc. (NasdaqGS:QRVO) is 2.584301. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets). The ROIC 5 year average of Qorvo, Inc. (NasdaqGS:QRVO) is 0.072114.

There are many different tools to determine whether a company is profitable or not.  One of the most popular ratios is the “Return on Assets” (aka ROA).  This score indicates how profitable a company is relative to its total assets.  The Return on Assets for Qorvo, Inc. (NasdaqGS:QRVO) is 0.035048.  This number is calculated by dividing net income after tax by the company’s total assets.  A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return.

When looking back historically at the stock market, it is easy to see that there are always extended periods of upturns and downturns. The speed at which the market can shift can cause even the most experienced investors stomachs to turn. When times are good and markets are rising, it can be easy to forget that a downturn may be just around the corner. Being prepared for sudden changes can help the investor plan for the unknown as best they can. Getting caught off guard can be extremely disconcerting and lead to irrational decision making. There is rarely any substitute for extensive study and focused dedication. Investors who put in the extra time to create a backup plan may be better able to traverse the road when the market environment inevitably shifts.

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