| CSW-A Stock | | | CAD 12.30 0.03 0.24% |
Based on Corby Spirit's profitability indicators, Corby Spirit and is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Corby Spirit's ability to earn profits and add value for shareholders. At this time, Corby Spirit's
Price To Sales Ratio is comparatively stable compared to the past year.
EV To Sales is likely to gain to 4.86 in 2024, whereas
Days Sales Outstanding is likely to drop 73.30 in 2024. At this time, Corby Spirit's
Accumulated Other Comprehensive Income is comparatively stable compared to the past year.
Net Income is likely to gain to about 24.1
M in 2024, despite the fact that
Total Other Income Expense Net is likely to grow to (7.4
M).
For Corby Spirit profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Corby Spirit to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well Corby Spirit and utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Corby Spirit's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Corby Spirit and over time as well as its relative position and ranking within its peers.
Check out
Trending Equities.
Please note, there is a significant difference between Corby Spirit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corby Spirit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corby Spirit'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.
Corby Spirit Current Valuation vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Corby Spirit's current stock value. Our valuation model uses many indicators to compare Corby Spirit value to that of its competitors to determine the firm's financial worth.
Corby Spirit and is rated
fourth in return on asset category among its peers. It is rated
fifth in current valuation category among its peers reporting about
7,287,453,744 of Current Valuation per Return On Asset. 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 Corby Spirit's earnings, one of the primary drivers of an investment's value.
Corby Current Valuation vs. Return On Asset
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.
Corby Spirit | Return On Asset | = | Net IncomeTotal Assets |
| = | 0.0649 |
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.
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.
Corby Spirit | Enterprise Value | = | Market Cap + Debt | - | Cash |
| = | 472.96 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.
Corby Current Valuation vs Competition
Corby Spirit and is rated
fifth 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 5.2 Billion. Corby Spirit holds roughly 472.96 Million in current valuation claiming about 9% of stocks in Consumer Staples industry.
Corby Spirit Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Corby Spirit, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Corby Spirit will eventually generate negative long term returns. The profitability progress is the general direction of Corby Spirit's change in net profit over the period of time. It can combine
multiple indicators of Corby Spirit, 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.
Corby Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on Corby Spirit. 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 Corby Spirit 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 Corby Spirit's important profitability drivers and their relationship over time.
Use Corby Spirit 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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.
The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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 Corby Spirit position
In addition to having Corby Spirit 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.
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 37 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
Large Value Funds Theme or any other
thematic opportunities.
Additional Tools for Corby Stock Analysis
When running Corby Spirit's price analysis, check to
measure Corby Spirit'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 Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to
predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.
