Tencent Music Revenue vs. Price To Book
| 63TA Stock | EUR 10.60 0.20 1.92% |
For Tencent Music profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tencent Music to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tencent Music Entertainment utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tencent Music's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tencent Music Entertainment over time as well as its relative position and ranking within its peers.
Tencent |
Tencent Music Entert Price To Book vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tencent Music's current stock value. Our valuation model uses many indicators to compare Tencent Music value to that of its competitors to determine the firm's financial worth. Tencent Music Entertainment is the top company in revenue category among its peers. It is rated fifth in price to book category among its peers . The ratio of Revenue to Price To Book for Tencent Music Entertainment is about 15,948,953,548 . 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 Tencent Music's earnings, one of the primary drivers of an investment's value.Tencent Price To Book vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Tencent Music |
| = | 31.24 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Tencent Music |
| = | 1.96 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Tencent Price To Book Comparison
Tencent Music is currently under evaluation in price to book category among its peers.
Tencent Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tencent Music. 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 Tencent Music 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 Tencent Music's important profitability drivers and their relationship over time.
Use Tencent Music 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 Tencent Music 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 Tencent Music will appreciate offsetting losses from the drop in the long position's value.Tencent Music Pair Trading
Tencent Music Entertainment Pair Trading Analysis
The ability to find closely correlated positions to Tencent Music could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tencent Music 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 Tencent Music - 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 Tencent Music Entertainment to buy it.
The correlation of Tencent Music 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 Tencent Music moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tencent Music Entert 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 Tencent Music 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 Tencent Music position
In addition to having Tencent Music 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 Emerging Markets Funds Thematic Idea Now
Emerging Markets Funds
Fund or Etfs that invest in markets of developing countries. The Emerging Markets 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 Emerging Markets Funds Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Tencent Stock
When determining whether Tencent Music Entert is a strong investment it is important to analyze Tencent Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tencent Music's future performance. For an informed investment choice regarding Tencent Stock, refer to the following important reports:Check out Trending Equities. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
To fully project Tencent Music's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tencent Music Entert 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 Tencent Music's income statement, its balance sheet, and the statement of cash flows.