Legacy Iron Return On Equity vs. Return On Asset
| LCY Stock | 0.01 0 10.00% |
For Legacy Iron profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Legacy Iron to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Legacy Iron Ore utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Legacy Iron's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Legacy Iron Ore over time as well as its relative position and ranking within its peers.
Legacy |
Legacy Iron Ore Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Legacy Iron's current stock value. Our valuation model uses many indicators to compare Legacy Iron value to that of its competitors to determine the firm's financial worth. Legacy Iron Ore is rated fifth overall in return on equity category among its peers. It also is rated fifth overall in return on asset category among its peers . 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 Legacy Iron's earnings, one of the primary drivers of an investment's value.Legacy Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Legacy Iron |
| = | -1.24 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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.
Legacy Iron |
| = | -0.52 |
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.
Legacy Return On Asset Comparison
Legacy Iron is currently under evaluation in return on asset category among its peers.
Legacy Iron Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Legacy Iron, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Legacy Iron will eventually generate negative long term returns. The profitability progress is the general direction of Legacy Iron's change in net profit over the period of time. It can combine multiple indicators of Legacy Iron, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 17.4 M | 16.5 M | |
| Operating Income | -11.8 M | -11.2 M | |
| Income Before Tax | -9.6 M | -9.1 M | |
| Total Other Income Expense Net | 2.2 M | 2.3 M | |
| Net Loss | -9.6 M | -9.1 M | |
| Income Tax Expense | 2.00 | 1.90 | |
| Net Loss | -9.6 M | -9.1 M | |
| Net Income Applicable To Common Shares | 2.3 M | 2.4 M | |
| Interest Income | 209.4 K | 198.9 K | |
| Net Interest Income | 205 K | 103.8 K | |
| Change To Netincome | -3.1 M | -3 M |
Legacy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Legacy Iron. 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 Legacy Iron 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 Legacy Iron's important profitability drivers and their relationship over time.
Use Legacy Iron 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 Legacy Iron 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 Legacy Iron will appreciate offsetting losses from the drop in the long position's value.Legacy Iron Pair Trading
Legacy Iron Ore Pair Trading Analysis
The ability to find closely correlated positions to Legacy Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Legacy Iron 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 Legacy Iron - 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 Legacy Iron Ore to buy it.
The correlation of Legacy Iron 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 Legacy Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legacy Iron Ore 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 Legacy Iron 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 Legacy Iron position
In addition to having Legacy Iron 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 Large Value Funds Thematic Idea Now
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 46 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.
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Additional Tools for Legacy Stock Analysis
When running Legacy Iron's price analysis, check to measure Legacy Iron'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 Legacy Iron is operating at the current time. Most of Legacy Iron's value examination focuses on studying past and present price action to predict the probability of Legacy Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Iron's price. Additionally, you may evaluate how the addition of Legacy Iron to your portfolios can decrease your overall portfolio volatility.