Ashtead Gro Cash Per Share vs. Shares Outstanding
ASHTY Stock | USD 323.91 6.84 2.07% |
For Ashtead Gro profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ashtead Gro to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ashtead Gro utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ashtead Gro's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ashtead Gro over time as well as its relative position and ranking within its peers.
Ashtead |
Ashtead Gro Shares Outstanding vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ashtead Gro's current stock value. Our valuation model uses many indicators to compare Ashtead Gro value to that of its competitors to determine the firm's financial worth. Ashtead Gro is number one stock in cash per share category among its peers. It is rated below average in shares outstanding category among its peers creating about 438,788,000 of Shares Outstanding per Cash Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ashtead Gro by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ashtead Gro's Pink Sheet. 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.Ashtead Shares Outstanding vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Ashtead Gro |
| = | 0.25 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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.
Ashtead Gro |
| = | 109.7 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.
Ashtead Shares Outstanding Comparison
Ashtead Gro is currently under evaluation in shares outstanding category among its peers.
Ashtead Gro Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ashtead Gro, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ashtead Gro will eventually generate negative long term returns. The profitability progress is the general direction of Ashtead Gro's change in net profit over the period of time. It can combine multiple indicators of Ashtead Gro, 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.
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. The company was founded in 1947 and is headquartered in London, the United Kingdom. Ashtead Group is traded on OTC Exchange in the United States.
Ashtead Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ashtead Gro. 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 Ashtead Gro 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 Ashtead Gro's important profitability drivers and their relationship over time.
Use Ashtead Gro 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 Ashtead Gro 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 Ashtead Gro will appreciate offsetting losses from the drop in the long position's value.Ashtead Gro Pair Trading
Ashtead Gro Pair Trading Analysis
The ability to find closely correlated positions to Ashtead Gro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashtead Gro 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 Ashtead Gro - 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 Ashtead Gro to buy it.
The correlation of Ashtead Gro 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 Ashtead Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashtead Gro 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 Ashtead Gro 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 Ashtead Gro position
In addition to having Ashtead Gro 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 Latest Losers Thematic Idea Now
Latest Losers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Losers theme has 215 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 Latest Losers Theme or any other thematic opportunities.
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Additional Tools for Ashtead Pink Sheet Analysis
When running Ashtead Gro's price analysis, check to measure Ashtead Gro'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 Ashtead Gro is operating at the current time. Most of Ashtead Gro's value examination focuses on studying past and present price action to predict the probability of Ashtead Gro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashtead Gro's price. Additionally, you may evaluate how the addition of Ashtead Gro to your portfolios can decrease your overall portfolio volatility.