Chonburi Concrete Return On Equity vs. Price To Earning
| CCP Stock | THB 0.29 0.01 3.57% |
For Chonburi Concrete profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Chonburi Concrete to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Chonburi Concrete Product utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Chonburi Concrete's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Chonburi Concrete Product over time as well as its relative position and ranking within its peers.
Chonburi |
Chonburi Concrete Product Price To Earning vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Chonburi Concrete's current stock value. Our valuation model uses many indicators to compare Chonburi Concrete value to that of its competitors to determine the firm's financial worth. Chonburi Concrete Product is number one stock in return on equity category among its peers. It also is number one stock in price to earning category among its peers reporting about 22,727 of Price To Earning per Return On Equity. 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 Chonburi Concrete's earnings, one of the primary drivers of an investment's value.Chonburi Price To Earning vs. Return On Equity
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.
Chonburi Concrete |
| = | 0.0088 |
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.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Chonburi Concrete |
| = | 200.00 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Chonburi Price To Earning Comparison
Chonburi Concrete is currently under evaluation in price to earning category among its peers.
Chonburi Concrete Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Chonburi Concrete, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Chonburi Concrete will eventually generate negative long term returns. The profitability progress is the general direction of Chonburi Concrete's change in net profit over the period of time. It can combine multiple indicators of Chonburi Concrete, 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.
Chonburi Concrete Product Public Company Limited manufactures and distributes concrete products and ready mixed concrete in Thailand. Chonburi Concrete Product Public Company Limited was founded in 1983 and is based in Chonburi, Thailand. CHONBURI CONCRETE operates under Building Materials classification in Thailand and is traded on Stock Exchange of Thailand.
Chonburi Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Chonburi Concrete. 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 Chonburi Concrete 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 Chonburi Concrete's important profitability drivers and their relationship over time.
Use Chonburi Concrete 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 Chonburi Concrete 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 Chonburi Concrete will appreciate offsetting losses from the drop in the long position's value.Chonburi Concrete Pair Trading
Chonburi Concrete Product Pair Trading Analysis
The ability to find closely correlated positions to Chonburi Concrete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chonburi Concrete 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 Chonburi Concrete - 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 Chonburi Concrete Product to buy it.
The correlation of Chonburi Concrete 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 Chonburi Concrete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chonburi Concrete Product 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 Chonburi Concrete 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 Chonburi Concrete position
In addition to having Chonburi Concrete 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 Business Services Thematic Idea Now
Business Services
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Services theme has 61 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 Business Services Theme or any other thematic opportunities.
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Other Information on Investing in Chonburi Stock
To fully project Chonburi Concrete's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Chonburi Concrete Product 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 Chonburi Concrete's income statement, its balance sheet, and the statement of cash flows.