Cosan Return On Tangible Assets from 2010 to 2024
| CSAN Stock | USD 5.67 0.24 4.06% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter 0.0093366 | Current Value 0.00887 | Quarterly Volatility 0.04317613 |
Check Cosan SA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cosan SA's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.5 B, Interest Expense of 5.9 B or Selling General Administrative of 2.7 B, as well as many indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.0372 or PTB Ratio of 1.63. Cosan financial statements analysis is a perfect complement when working with Cosan SA Valuation or Volatility modules.
Cosan | Return On Tangible Assets |
Latest Cosan SA's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of Cosan SA ADR over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Cosan SA's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cosan SA's overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
Cosan Return On Tangible Assets Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.03 | |
| Coefficient Of Variation | 92.40 | |
| Mean Deviation | 0.04 | |
| Median | 0.03 | |
| Standard Deviation | 0.04 | |
| Sample Variance | 0 | |
| Range | 0.1459 | |
| R-Value | (0.17) | |
| Mean Square Error | 0 | |
| R-Squared | 0.03 | |
| Significance | 0.55 | |
| Slope | (0) | |
| Total Sum of Squares | 0.03 |
Cosan Return On Tangible Assets History
About Cosan SA Financial Statements
Cosan SA investors utilize fundamental indicators, such as Return On Tangible Assets, to predict how Cosan Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 |
Pair Trading with Cosan SA
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 Cosan SA 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 Cosan SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Cosan Stock
Moving against Cosan Stock
| 0.95 | BDCO | Blue Dolphin Energy | PairCorr |
| 0.84 | AE | Adams Resources Energy | PairCorr |
| 0.64 | AR | Antero Resources Corp | PairCorr |
| 0.62 | AMTX | Aemetis | PairCorr |
| 0.45 | SGU | Star Gas Partners | PairCorr |
The ability to find closely correlated positions to Cosan SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cosan SA 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 Cosan SA - 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 Cosan SA ADR to buy it.
The correlation of Cosan SA 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 Cosan SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cosan SA ADR 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 Cosan SA 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 the analysis of Cosan SA Correlation against competitors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Oil & Gas Refining & Marketing space 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 Cosan SA. If investors know Cosan 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 Cosan SA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.389 | Dividend Share 0.451 | Earnings Share 0.97 | Revenue Per Share 86.48 | Quarterly Revenue Growth 0.064 |
The market value of Cosan SA ADR is measured differently than its book value, which is the value of Cosan that is recorded on the company's balance sheet. Investors also form their own opinion of Cosan SA's value that differs from its market value or its book value, called intrinsic value, which is Cosan SA's 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 Cosan SA's market value can be influenced by many factors that don't directly affect Cosan SA's 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 Cosan SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cosan SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cosan SA's 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.