Cowealth Medical Book Value Per Share vs. Return On Asset
| 603122 Stock | 7.54 0.04 0.53% |
For Cowealth Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cowealth Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cowealth Medical China utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cowealth Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cowealth Medical China over time as well as its relative position and ranking within its peers.
Cowealth |
Cowealth Medical China Return On Asset vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cowealth Medical's current stock value. Our valuation model uses many indicators to compare Cowealth Medical value to that of its competitors to determine the firm's financial worth. Cowealth Medical China is number one stock in book value per share category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.01 of Return On Asset per Book Value Per Share. The ratio of Book Value Per Share to Return On Asset for Cowealth Medical China is roughly 183.25 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Cowealth Medical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Cowealth Medical'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.Cowealth Return On Asset vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Cowealth Medical |
| = | 2.93 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Cowealth Medical |
| = | 0.016 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Cowealth Return On Asset Comparison
Cowealth Medical is currently under evaluation in return on asset category among its peers.
Cowealth Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cowealth Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cowealth Medical will eventually generate negative long term returns. The profitability progress is the general direction of Cowealth Medical's change in net profit over the period of time. It can combine multiple indicators of Cowealth Medical, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Interest Income | 3.4 M | 3.5 M | |
| Interest Income | 9.3 M | 6.9 M | |
| Operating Income | 67.6 M | 84 M | |
| Net Income From Continuing Ops | 47.2 M | 56 M | |
| Income Before Tax | 65.7 M | 76.8 M | |
| Net Income | 47.2 M | 56 M |
Cowealth Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cowealth Medical. 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 Cowealth Medical 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 Cowealth Medical's important profitability drivers and their relationship over time.
Use Cowealth Medical 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 Cowealth Medical 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 Cowealth Medical will appreciate offsetting losses from the drop in the long position's value.Cowealth Medical Pair Trading
Cowealth Medical China Pair Trading Analysis
The ability to find closely correlated positions to Cowealth Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cowealth Medical 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 Cowealth Medical - 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 Cowealth Medical China to buy it.
The correlation of Cowealth Medical 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 Cowealth Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cowealth Medical China 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 Cowealth Medical 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 Cowealth Medical position
In addition to having Cowealth Medical 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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Government Funds
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 42 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 Government Funds Theme or any other thematic opportunities.
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Other Information on Investing in Cowealth Stock
To fully project Cowealth Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cowealth Medical China 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 Cowealth Medical's income statement, its balance sheet, and the statement of cash flows.