ANZ Group Cash Flow From Operations vs. Total Asset
| AN3PI Stock | 103.85 0.89 0.86% |
For ANZ Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ANZ Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ANZ Group Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ANZ Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ANZ Group Holdings over time as well as its relative position and ranking within its peers.
ANZ |
ANZ Group Holdings Total Asset vs. Cash Flow From Operations Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ANZ Group's current stock value. Our valuation model uses many indicators to compare ANZ Group value to that of its competitors to determine the firm's financial worth. ANZ Group Holdings is number one stock in cash flow from operations category among its peers. It also is number one stock in total asset category among its peers fabricating about 123.50 of Total Asset per Cash Flow From Operations. Comparative valuation analysis is a catch-all model that can be used if you cannot value ANZ Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ANZ Group'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.ANZ Total Asset vs. Cash Flow From Operations
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
ANZ Group |
| = | 9.95 B |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
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.
ANZ Group |
| = | 1.23 T |
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.
ANZ Total Asset Comparison
ANZ Group is currently under evaluation in total asset category among its peers.
ANZ Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ANZ 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 ANZ 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 ANZ Group's important profitability drivers and their relationship over time.
Use ANZ 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 ANZ 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 ANZ Group will appreciate offsetting losses from the drop in the long position's value.ANZ Group Pair Trading
ANZ Group Holdings Pair Trading Analysis
The ability to find closely correlated positions to ANZ 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 ANZ 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 ANZ 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 ANZ Group Holdings to buy it.
The correlation of ANZ 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 ANZ Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANZ Group Holdings 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 ANZ 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 ANZ Group position
In addition to having ANZ 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 Strategy ETFs Thematic Idea Now
Strategy ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Strategy ETFs theme has 1286 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 Strategy ETFs Theme or any other thematic opportunities.
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Other Information on Investing in ANZ Stock
To fully project ANZ Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ANZ Group Holdings 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 ANZ Group's income statement, its balance sheet, and the statement of cash flows.