Choil Aluminum Price To Sales vs. Return On Equity
| 018470 Stock | 1,430 2.00 0.14% |
For Choil Aluminum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Choil Aluminum to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Choil Aluminum utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Choil Aluminum's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Choil Aluminum over time as well as its relative position and ranking within its peers.
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Choil Aluminum Return On Equity vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Choil Aluminum's current stock value. Our valuation model uses many indicators to compare Choil Aluminum value to that of its competitors to determine the firm's financial worth. Choil Aluminum is number one stock in price to sales category among its peers. It also is number one stock in return on equity category among its peers reporting about 0.35 of Return On Equity per Price To Sales. The ratio of Price To Sales to Return On Equity for Choil Aluminum is roughly 2.89 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Choil Aluminum by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Choil Aluminum's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Choil Return On Equity vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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| = | 0.53 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | 0.18 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Choil Return On Equity Comparison
Choil Aluminum is currently under evaluation in return on equity category among its peers.
Choil Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Choil Aluminum. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Choil Aluminum position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Choil Aluminum's important profitability drivers and their relationship over time.
Use Choil Aluminum in pair-trading
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 Choil Aluminum 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 Choil Aluminum will appreciate offsetting losses from the drop in the long position's value.Choil Aluminum Pair Trading
Choil Aluminum Pair Trading Analysis
The ability to find closely correlated positions to Choil Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Choil Aluminum 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 Choil Aluminum - 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 Choil Aluminum to buy it.
The correlation of Choil Aluminum 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 Choil Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Choil Aluminum 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 Choil Aluminum 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.Use Investing Themes to Complement your Choil Aluminum position
In addition to having Choil Aluminum in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
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Other Information on Investing in Choil Stock
To fully project Choil Aluminum's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Choil Aluminum at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Choil Aluminum's income statement, its balance sheet, and the statement of cash flows.