| ACO-Y Stock | | | CAD 49.00 1.00 2.00% |
Considering ATCO's profitability and operating efficiency indicators, ATCO's profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess ATCO's ability to earn profits and add value for shareholders.
Sales General And Administrative To Revenue is likely to gain to 0.15 in 2024, whereas
Price To Sales Ratio is likely to drop 0.63 in 2024. At this time, ATCO's
Accumulated Other Comprehensive Income is comparatively stable compared to the past year.
Net Income Per Share is likely to gain to 4.01 in 2024, whereas
Net Income is likely to drop slightly above 471.2
M in 2024.
For ATCO profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ATCO to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well ATCO utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ATCO's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ATCO over time as well as its relative position and ranking within its peers.
Check out
Trending Equities.
Please note, there is a significant difference between ATCO's value and its price as these two are different measures arrived at by different means. Investors typically determine if ATCO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ATCO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ATCO Return On Equity vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ATCO's current stock value. Our valuation model uses many indicators to compare ATCO value to that of its competitors to determine the firm's financial worth.
ATCO is number one stock in shares outstanding category among its peers. It also is number one stock in return on equity category among its peers . The ratio of Shares Outstanding to Return On Equity for ATCO is about
145,491,803 . At this time, ATCO's Return On Equity is comparatively stable compared to the past year. 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 ATCO's earnings, one of the primary drivers of an investment's value.
ATCO Return On Equity vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
ATCO | Shares Outstanding | = | Public Shares | - | Repurchased |
| = | 12.43 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
ATCO | Return On Equity | = | Net IncomeTotal Equity |
| = | 0.0854 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
ATCO Return On Equity Comparison
ATCO is currently under evaluation in return on equity category among its peers.
ATCO Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ATCO, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ATCO will eventually generate negative long term returns. The profitability progress is the general direction of ATCO's change in net profit over the period of time. It can combine
multiple indicators of ATCO, 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.
ATCO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on ATCO. 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 ATCO 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 ATCO's important profitability drivers and their relationship over time.
Use ATCO 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 ATCO 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 ATCO will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to ATCO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ATCO 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 ATCO - 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 ATCO to buy it.
The correlation of ATCO 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 ATCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATCO 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 ATCO 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 ATCO position
In addition to having ATCO 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.
Plastics
Companies manufacturing rubber and plastics accessories. The Plastics 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
Plastics Theme or any other
thematic opportunities.
Additional Tools for ATCO Stock Analysis
When running ATCO's price analysis, check to
measure ATCO's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ATCO is operating at the current time. Most of ATCO's value examination focuses on studying past and present price action to
predict the probability of ATCO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATCO's price. Additionally, you may evaluate how the addition of ATCO to your portfolios can decrease your overall portfolio volatility.
