NBCC Net Income vs. Shares Outstanding
| NBCC Stock | 94.43 2.67 2.75% |
For NBCC profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NBCC to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NBCC Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NBCC's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NBCC Limited over time as well as its relative position and ranking within its peers.
NBCC |
NBCC Limited Shares Outstanding vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NBCC's current stock value. Our valuation model uses many indicators to compare NBCC value to that of its competitors to determine the firm's financial worth. NBCC Limited is considered to be number one stock in net income category among its peers. It also is considered to be number one stock in shares outstanding category among its peers creating about 0.67 of Shares Outstanding per Net Income. The ratio of Net Income to Shares Outstanding for NBCC Limited is roughly 1.49 . 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 NBCC's earnings, one of the primary drivers of an investment's value.NBCC Shares Outstanding vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
NBCC |
| = | 4.02 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
NBCC |
| = | 2.7 B |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
NBCC Shares Outstanding Comparison
NBCC is currently under evaluation in shares outstanding category among its peers.
NBCC Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NBCC. 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 NBCC 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 NBCC's important profitability drivers and their relationship over time.
Use NBCC 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 NBCC 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 NBCC will appreciate offsetting losses from the drop in the long position's value.NBCC Pair Trading
NBCC Limited Pair Trading Analysis
The ability to find closely correlated positions to NBCC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NBCC 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 NBCC - 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 NBCC Limited to buy it.
The correlation of NBCC 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 NBCC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NBCC Limited 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 NBCC 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 NBCC position
In addition to having NBCC 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 Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals 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 Rentals Theme or any other thematic opportunities.
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Additional Tools for NBCC Stock Analysis
When running NBCC's price analysis, check to measure NBCC'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 NBCC is operating at the current time. Most of NBCC's value examination focuses on studying past and present price action to predict the probability of NBCC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NBCC's price. Additionally, you may evaluate how the addition of NBCC to your portfolios can decrease your overall portfolio volatility.