Carmit Current Valuation vs. Return On Asset
| CRMT Stock | ILA 1,112 79.00 6.63% |
For Carmit profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Carmit to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Carmit utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Carmit's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Carmit over time as well as its relative position and ranking within its peers.
Carmit |
Carmit Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Carmit's current stock value. Our valuation model uses many indicators to compare Carmit value to that of its competitors to determine the firm's financial worth. Carmit is rated third in current valuation category among its peers. It is rated second in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Carmit by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Carmit's Stock. 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.Carmit Current Valuation vs. Competition
Carmit is rated third in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Consumer Staples industry is currently estimated at about 61.97 Billion. Carmit adds roughly 185.83 Million in current valuation claiming only tiny portion of stocks in Consumer Staples industry.
Carmit Return On Asset 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.
Carmit |
| = | 185.83 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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Carmit |
| = | -0.0325 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Carmit Return On Asset Comparison
Carmit is currently under evaluation in return on asset category among its peers.
Carmit Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Carmit, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Carmit will eventually generate negative long term returns. The profitability progress is the general direction of Carmit's change in net profit over the period of time. It can combine multiple indicators of Carmit, 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.
Carmit Candy Industries Ltd. engages in the manufacture and supply of gluten free foods and confectionery products for food companies and retailers worldwide. The company was incorporated in 1973 and is based in Rishon LeZion, Israel. CARMIT CANDY is traded on Tel Aviv Stock Exchange in Israel.
Carmit Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Carmit. 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 Carmit 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 Carmit's important profitability drivers and their relationship over time.
Use Carmit 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 Carmit 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 Carmit will appreciate offsetting losses from the drop in the long position's value.Carmit Pair Trading
Carmit Pair Trading Analysis
The ability to find closely correlated positions to Carmit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carmit 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 Carmit - 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 Carmit to buy it.
The correlation of Carmit 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 Carmit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carmit 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 Carmit 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 Carmit position
In addition to having Carmit 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 Construction Thematic Idea Now
Construction
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction 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 Construction Theme or any other thematic opportunities.
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Other Information on Investing in Carmit Stock
To fully project Carmit's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Carmit 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 Carmit's income statement, its balance sheet, and the statement of cash flows.