Icon Offshore Total Asset vs. Current Valuation
| 5255 Stock | 0.99 0.03 2.94% |
For Icon Offshore profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Icon Offshore to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Icon Offshore Bhd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Icon Offshore's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Icon Offshore Bhd over time as well as its relative position and ranking within its peers.
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Icon Offshore Bhd Current Valuation vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Icon Offshore's current stock value. Our valuation model uses many indicators to compare Icon Offshore value to that of its competitors to determine the firm's financial worth. Icon Offshore Bhd is rated below average in total asset category among its peers. It also is rated below average in current valuation category among its peers reporting about 0.46 of Current Valuation per Total Asset. The ratio of Total Asset to Current Valuation for Icon Offshore Bhd is roughly 2.15 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Icon Offshore's earnings, one of the primary drivers of an investment's value.Icon Current Valuation vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Icon Offshore |
| = | 968.69 M |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Icon Offshore |
| = | 450.06 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Icon Current Valuation vs Competition
Icon Offshore Bhd is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Oil & Gas Related Equipment and Services industry is presently estimated at about 12.26 Billion. Icon Offshore holds roughly 450.06 Million in current valuation claiming about 4% of all equities under Oil & Gas Related Equipment and Services industry.
Icon Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Icon Offshore. 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 Icon Offshore 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 Icon Offshore's important profitability drivers and their relationship over time.
Use Icon Offshore 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 Icon Offshore 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 Icon Offshore will appreciate offsetting losses from the drop in the long position's value.Icon Offshore Pair Trading
Icon Offshore Bhd Pair Trading Analysis
The ability to find closely correlated positions to Icon Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icon Offshore 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 Icon Offshore - 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 Icon Offshore Bhd to buy it.
The correlation of Icon Offshore 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 Icon Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icon Offshore Bhd 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 Icon Offshore 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 Icon Offshore position
In addition to having Icon Offshore 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?
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Tech Funds
Funds or Etfs that invest in companies involved in research, development, testing, or distribution of technologically based goods and services. The Tech Funds theme has 44 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 Tech Funds Theme or any other thematic opportunities.
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Other Information on Investing in Icon Stock
To fully project Icon Offshore's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Icon Offshore Bhd 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 Icon Offshore's income statement, its balance sheet, and the statement of cash flows.