MyTech Group Total Asset vs. Net Income
| 7692 Stock | 0.40 0.02 4.76% |
For MyTech Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of MyTech Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well MyTech Group Bhd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between MyTech Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of MyTech Group Bhd over time as well as its relative position and ranking within its peers.
MyTech |
MyTech Group Bhd Net Income vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining MyTech Group's current stock value. Our valuation model uses many indicators to compare MyTech Group value to that of its competitors to determine the firm's financial worth. MyTech Group Bhd is rated fourth in total asset category among its peers. It also is rated fourth in net income category among its peers making up about 0.05 of Net Income per Total Asset. The ratio of Total Asset to Net Income for MyTech Group Bhd is roughly 22.02 . 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 MyTech Group's earnings, one of the primary drivers of an investment's value.MyTech Net Income 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.
MyTech Group |
| = | 40.53 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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
MyTech Group |
| = | 1.84 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
MyTech Net Income Comparison
MyTech Group is currently under evaluation in net income category among its peers.
MyTech Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on MyTech Group. 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 MyTech Group 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 MyTech Group's important profitability drivers and their relationship over time.
Use MyTech Group 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 MyTech Group 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 MyTech Group will appreciate offsetting losses from the drop in the long position's value.MyTech Group Pair Trading
MyTech Group Bhd Pair Trading Analysis
The ability to find closely correlated positions to MyTech Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MyTech Group 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 MyTech Group - 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 MyTech Group Bhd to buy it.
The correlation of MyTech Group 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 MyTech Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MyTech Group 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 MyTech Group 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 MyTech Group position
In addition to having MyTech Group 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 Market Neutral Funds Thematic Idea Now
Market Neutral Funds
Funds or Etfs that invest in both long and short positions of different entities to enhance returns from broad market movements over time. The Market Neutral Funds theme has 41 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 Market Neutral Funds Theme or any other thematic opportunities.
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Other Information on Investing in MyTech Stock
To fully project MyTech Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of MyTech Group 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 MyTech Group's income statement, its balance sheet, and the statement of cash flows.