CareRay Digital Return On Asset vs. Book Value Per Share
| 688607 Stock | 13.79 0.48 3.36% |
For CareRay Digital profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CareRay Digital to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CareRay Digital Medical utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CareRay Digital's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CareRay Digital Medical over time as well as its relative position and ranking within its peers.
CareRay |
CareRay Digital Medical Book Value Per Share vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CareRay Digital's current stock value. Our valuation model uses many indicators to compare CareRay Digital value to that of its competitors to determine the firm's financial worth. CareRay Digital Medical is number one stock in return on asset category among its peers. It also is number one stock in book value per share category among its peers creating about 820.92 of Book Value Per Share per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value CareRay Digital by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CareRay Digital'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.CareRay Book Value Per Share vs. Return On Asset
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.
CareRay Digital |
| = | 0.0119 |
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.
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.
CareRay Digital |
| = | 9.77 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.
CareRay Book Value Per Share Comparison
CareRay Digital is currently under evaluation in book value per share category among its peers.
CareRay Digital Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CareRay Digital, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CareRay Digital will eventually generate negative long term returns. The profitability progress is the general direction of CareRay Digital's change in net profit over the period of time. It can combine multiple indicators of CareRay Digital, 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 | ||
| Operating Income | 7.8 M | 7.4 M | |
| Income Before Tax | 15.3 M | 14.5 M | |
| Total Other Income Expense Net | -9.4 M | -8.9 M | |
| Net Income | 15.4 M | 14.6 M | |
| Income Tax Expense | -2.9 M | -2.8 M | |
| Net Interest Income | 835.1 K | 1 M | |
| Interest Income | 1.5 M | 1.6 M | |
| Net Income From Continuing Ops | 15.4 M | 14.6 M |
CareRay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CareRay Digital. 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 CareRay Digital 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 CareRay Digital's important profitability drivers and their relationship over time.
Use CareRay Digital 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 CareRay Digital 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 CareRay Digital will appreciate offsetting losses from the drop in the long position's value.CareRay Digital Pair Trading
CareRay Digital Medical Pair Trading Analysis
The ability to find closely correlated positions to CareRay Digital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareRay Digital 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 CareRay Digital - 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 CareRay Digital Medical to buy it.
The correlation of CareRay Digital 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 CareRay Digital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareRay Digital Medical 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 CareRay Digital 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 CareRay Digital position
In addition to having CareRay Digital 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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Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 constituents at this time.
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Other Information on Investing in CareRay Stock
To fully project CareRay Digital's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of CareRay Digital Medical 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 CareRay Digital's income statement, its balance sheet, and the statement of cash flows.