Electro Ao Price To Book vs. Return On Asset
| EALT4 Preferred Stock | BRL 13.14 0.03 0.23% |
For Electro Ao profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Electro Ao to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Electro Ao Altona utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Electro Ao's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Electro Ao Altona over time as well as its relative position and ranking within its peers.
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Electro Ao Altona Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Electro Ao's current stock value. Our valuation model uses many indicators to compare Electro Ao value to that of its competitors to determine the firm's financial worth. Electro Ao Altona is one of the top stocks in price to book category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.11 of Return On Asset per Price To Book. The ratio of Price To Book to Return On Asset for Electro Ao Altona is roughly 9.48 . 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 Electro Ao's earnings, one of the primary drivers of an investment's value.Electro Return On Asset vs. Price To Book
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.
Electro Ao |
| = | 0.72 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.
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.
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| = | 0.0757 |
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.
Electro Return On Asset Comparison
Electro Ao is currently under evaluation in return on asset category among its peers.
Electro Ao Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Electro Ao, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Electro Ao will eventually generate negative long term returns. The profitability progress is the general direction of Electro Ao's change in net profit over the period of time. It can combine multiple indicators of Electro Ao, 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.
Electro Ao Altona S.A. engages in the steel casting and machining activities primarily in Brazil. Electro Ao Altona S.A. was founded in 1924 and is based in Blumenau, Brazil. ACO ALTONA operates under Metal Fabrication classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 1234 people.
Electro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Electro Ao. 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 Electro Ao 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 Electro Ao's important profitability drivers and their relationship over time.
Use Electro Ao 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 Electro Ao 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 Electro Ao will appreciate offsetting losses from the drop in the long position's value.Electro Ao Pair Trading
Electro Ao Altona Pair Trading Analysis
The ability to find closely correlated positions to Electro Ao could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electro Ao 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 Electro Ao - 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 Electro Ao Altona to buy it.
The correlation of Electro Ao 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 Electro Ao moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electro Ao Altona 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 Electro Ao 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 Electro Ao position
In addition to having Electro Ao 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 Electronic Equipment Thematic Idea Now
Electronic Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Electronic Equipment 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 Electronic Equipment Theme or any other thematic opportunities.
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Additional Tools for Electro Preferred Stock Analysis
When running Electro Ao's price analysis, check to measure Electro Ao'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 Electro Ao is operating at the current time. Most of Electro Ao's value examination focuses on studying past and present price action to predict the probability of Electro Ao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electro Ao's price. Additionally, you may evaluate how the addition of Electro Ao to your portfolios can decrease your overall portfolio volatility.