Nine Dragons Price To Earning vs. Return On Asset
| NDGPY Stock | USD 8.82 1.04 13.37% |
For Nine Dragons profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nine Dragons to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nine Dragons Paper utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nine Dragons's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nine Dragons Paper over time as well as its relative position and ranking within its peers.
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Nine Dragons Paper Return On Asset vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nine Dragons's current stock value. Our valuation model uses many indicators to compare Nine Dragons value to that of its competitors to determine the firm's financial worth. Nine Dragons Paper is regarded fifth in price to earning category among its peers. It is rated below average in return on asset category among its peers reporting about 0.01 of Return On Asset per Price To Earning. The ratio of Price To Earning to Return On Asset for Nine Dragons Paper is roughly 164.10 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nine Dragons by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nine Dragons' Pink Sheet. 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.Nine Return On Asset vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | 3.84 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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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| = | 0.0234 |
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.
Nine Return On Asset Comparison
Nine Dragons is currently under evaluation in return on asset category among its peers.
Nine Dragons Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nine Dragons, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nine Dragons will eventually generate negative long term returns. The profitability progress is the general direction of Nine Dragons' change in net profit over the period of time. It can combine multiple indicators of Nine Dragons, 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.
Nine Dragons Paper Limited, together with its subsidiaries, manufactures and sells packaging paper, recycled printing and writing paper, and specialty paper and pulp products in the Peoples Republic of China. Nine Dragons Paper Limited is a subsidiary of Best Result Holdings Limited. Nine Dragons is traded on OTC Exchange in the United States.
Nine Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nine Dragons. 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 Nine Dragons 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 Nine Dragons' important profitability drivers and their relationship over time.
Use Nine Dragons 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 Nine Dragons 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 Nine Dragons will appreciate offsetting losses from the drop in the long position's value.Nine Dragons Pair Trading
Nine Dragons Paper Pair Trading Analysis
The ability to find closely correlated positions to Nine Dragons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nine Dragons 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 Nine Dragons - 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 Nine Dragons Paper to buy it.
The correlation of Nine Dragons 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 Nine Dragons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nine Dragons Paper 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 Nine Dragons 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 Nine Dragons position
In addition to having Nine Dragons 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 Small Growth Funds Thematic Idea Now
Small Growth Funds
Funds or Etfs that invest in stocks of small to mid-sized companies with above-average risk and growth rate that usually reinvest their earnings back into business. The Small Growth 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 Small Growth Funds Theme or any other thematic opportunities.
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Additional Tools for Nine Pink Sheet Analysis
When running Nine Dragons' price analysis, check to measure Nine Dragons' 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 Nine Dragons is operating at the current time. Most of Nine Dragons' value examination focuses on studying past and present price action to predict the probability of Nine Dragons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nine Dragons' price. Additionally, you may evaluate how the addition of Nine Dragons to your portfolios can decrease your overall portfolio volatility.