BLUESCOPE STEEL Price To Sales vs. Z Score
| BH5 Stock | 13.60 0.10 0.74% |
For BLUESCOPE STEEL profitability analysis, we use financial ratios and fundamental drivers that measure the ability of BLUESCOPE STEEL to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well BLUESCOPE STEEL utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between BLUESCOPE STEEL's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of BLUESCOPE STEEL over time as well as its relative position and ranking within its peers.
BLUESCOPE |
BLUESCOPE STEEL Z Score vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining BLUESCOPE STEEL's current stock value. Our valuation model uses many indicators to compare BLUESCOPE STEEL value to that of its competitors to determine the firm's financial worth. BLUESCOPE STEEL is rated below average in price to sales category among its peers. It is rated fifth in z score category among its peers totaling about 50.05 of Z Score per Price To Sales. 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 BLUESCOPE STEEL's earnings, one of the primary drivers of an investment's value.BLUESCOPE Z Score vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
BLUESCOPE STEEL |
| = | 0.47 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
BLUESCOPE STEEL |
| = | 23.4 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
BLUESCOPE Z Score Comparison
BLUESCOPE STEEL is currently under evaluation in z score category among its peers.
BLUESCOPE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on BLUESCOPE STEEL. 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 BLUESCOPE STEEL 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 BLUESCOPE STEEL's important profitability drivers and their relationship over time.
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Use BLUESCOPE STEEL 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 BLUESCOPE STEEL 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 BLUESCOPE STEEL will appreciate offsetting losses from the drop in the long position's value.BLUESCOPE STEEL Pair Trading
BLUESCOPE STEEL Pair Trading Analysis
The ability to find closely correlated positions to BLUESCOPE STEEL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BLUESCOPE STEEL 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 BLUESCOPE STEEL - 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 BLUESCOPE STEEL to buy it.
The correlation of BLUESCOPE STEEL 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 BLUESCOPE STEEL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BLUESCOPE STEEL 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 BLUESCOPE STEEL 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 BLUESCOPE STEEL position
In addition to having BLUESCOPE STEEL 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 Apparel Thematic Idea Now
Apparel
Companies manufacturing textile accessories and apparel products. The Apparel theme has 38 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 Apparel Theme or any other thematic opportunities.
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Additional Tools for BLUESCOPE Stock Analysis
When running BLUESCOPE STEEL's price analysis, check to measure BLUESCOPE STEEL'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 BLUESCOPE STEEL is operating at the current time. Most of BLUESCOPE STEEL's value examination focuses on studying past and present price action to predict the probability of BLUESCOPE STEEL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BLUESCOPE STEEL's price. Additionally, you may evaluate how the addition of BLUESCOPE STEEL to your portfolios can decrease your overall portfolio volatility.