CMD Price To Earning vs. Price To Book
Based on the measurements of profitability obtained from CMD's financial statements, CMD may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in January. Profitability indicators assess CMD's ability to earn profits and add value for shareholders.
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For CMD profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CMD to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CMD utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CMD's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CMD over time as well as its relative position and ranking within its peers.
CMD |
The market value of CMD is measured differently than its book value, which is the value of CMD that is recorded on the company's balance sheet. Investors also form their own opinion of CMD's value that differs from its market value or its book value, called intrinsic value, which is CMD's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CMD's market value can be influenced by many factors that don't directly affect CMD's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CMD's value and its price as these two are different measures arrived at by different means. Investors typically determine if CMD is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CMD'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.
CMD Price To Book vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CMD's current stock value. Our valuation model uses many indicators to compare CMD value to that of its competitors to determine the firm's financial worth. CMD is the top ETF in price to earning as compared to similar ETFs. It also is the top ETF in price to book as compared to similar ETFs fabricating about 0.06 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for CMD is roughly 17.41 . Comparative valuation analysis is a catch-all technique that is used if you cannot value CMD by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.CMD Price To Book vs. Price To Earning
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.
CMD |
| = | 73.80 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.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
CMD |
| = | 4.24 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
CMD Price To Book Comparison
CMD is currently under evaluation in price to book as compared to similar ETFs.
CMD Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in CMD, profitability is also one of the essential criteria for including it into their portfolios because, without profit, CMD will eventually generate negative long term returns. The profitability progress is the general direction of CMD's change in net profit over the period of time. It can combine multiple indicators of CMD, 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.
Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market. Cantel Medical is listed under Medical Instruments Supplies in the United States and is traded on New York Stock Exchange exchange.
CMD Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CMD. 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 CMD 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 CMD's important profitability drivers and their relationship over time.
Use CMD 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 CMD 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 CMD will appreciate offsetting losses from the drop in the long position's value.CMD Pair Trading
CMD Pair Trading Analysis
The ability to find closely correlated positions to Sealed Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sealed Air 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 Sealed Air - 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 Sealed Air to buy it.
The correlation of Sealed Air 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 Sealed Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sealed Air 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 Sealed Air 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 CMD position
In addition to having CMD 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?
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Cannabis
Equities that are involved in production and delivery of legal cannabis. This theme is designed for investors that are willing to accept higher levels of market risk inherited by cannabis production and distribution globally. The Cannabis theme has 30 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 Cannabis Theme or any other thematic opportunities.
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Other Tools for CMD Etf
When running CMD's price analysis, check to measure CMD'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 CMD is operating at the current time. Most of CMD's value examination focuses on studying past and present price action to predict the probability of CMD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CMD's price. Additionally, you may evaluate how the addition of CMD to your portfolios can decrease your overall portfolio volatility.
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