Carnegie Clean Current Valuation vs. Price To Book
| CNM1 Stock | EUR 0.02 0.0006 2.83% |
For Carnegie Clean profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Carnegie Clean to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Carnegie Clean Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Carnegie Clean's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Carnegie Clean Energy over time as well as its relative position and ranking within its peers.
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Carnegie Clean Energy Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Carnegie Clean's current stock value. Our valuation model uses many indicators to compare Carnegie Clean value to that of its competitors to determine the firm's financial worth. Carnegie Clean Energy is rated fourth in current valuation category among its peers. It is number one stock in price to book category among its peers . The ratio of Current Valuation to Price To Book for Carnegie Clean Energy is about 14,939,643 . 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 Carnegie Clean's earnings, one of the primary drivers of an investment's value.Carnegie Current Valuation vs. Competition
Carnegie Clean Energy is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Utilities - Independent Power Producers industry is currently estimated at about 67.11 Billion. Carnegie Clean adds roughly 17.56 Million in current valuation claiming only tiny portion of Utilities - Independent Power Producers industry.
Carnegie Price To Book vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
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| = | 17.56 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Carnegie Clean |
| = | 1.18 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.
Carnegie Price To Book Comparison
Carnegie Clean is currently under evaluation in price to book category among its peers.
Carnegie Clean Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Carnegie Clean, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Carnegie Clean will eventually generate negative long term returns. The profitability progress is the general direction of Carnegie Clean's change in net profit over the period of time. It can combine multiple indicators of Carnegie Clean, 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.
Carnegie Clean Energy Limited develops and commercializes the CETO wave energy technology for zero-emission electricity generation from ocean swell worldwide. Carnegie Clean Energy Limited is based in North Fremantle, Australia. Carnegie Clean is traded on Frankfurt Stock Exchange in Germany.
Carnegie Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Carnegie Clean. 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 Carnegie Clean 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 Carnegie Clean's important profitability drivers and their relationship over time.
Use Carnegie Clean 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 Carnegie Clean 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 Carnegie Clean will appreciate offsetting losses from the drop in the long position's value.Carnegie Clean Pair Trading
Carnegie Clean Energy Pair Trading Analysis
The ability to find closely correlated positions to Carnegie Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnegie Clean 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 Carnegie Clean - 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 Carnegie Clean Energy to buy it.
The correlation of Carnegie Clean 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 Carnegie Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnegie Clean Energy 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 Carnegie Clean 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 Carnegie Clean position
In addition to having Carnegie Clean 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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Health Care ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Health Care ETFs theme has 47 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 Health Care ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Carnegie Stock
To fully project Carnegie Clean's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Carnegie Clean Energy 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 Carnegie Clean's income statement, its balance sheet, and the statement of cash flows.