PennantPark Floating Current Valuation vs. Price To Book
| PFLT Stock | ILA 41.73 0.00 0.00% |
For PennantPark Floating profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PennantPark Floating to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PennantPark Floating Rate utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PennantPark Floating's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PennantPark Floating Rate over time as well as its relative position and ranking within its peers.
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PennantPark Floating Rate Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining PennantPark Floating's current stock value. Our valuation model uses many indicators to compare PennantPark Floating value to that of its competitors to determine the firm's financial worth. PennantPark Floating Rate is rated top company in current valuation category among its peers. It also is considered to be number one stock in price to book category among its peers . The ratio of Current Valuation to Price To Book for PennantPark Floating Rate is about 3,358,190,459 . Comparative valuation analysis is a catch-all model that can be used if you cannot value PennantPark Floating by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for PennantPark Floating's Stock. 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.PennantPark Current Valuation vs. Competition
PennantPark Floating Rate is rated top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Asset Management industry is at this time estimated at about (32.53 Billion). PennantPark Floating adds roughly 3.26 Billion in current valuation claiming only tiny portion of stocks in Asset Management industry.
PennantPark Price To Book vs. Current Valuation
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.
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| = | 3.26 B |
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.
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.
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| = | 0.97 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.
PennantPark Price To Book Comparison
PennantPark Floating is currently under evaluation in price to book category among its peers.
PennantPark Floating Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in PennantPark Floating, profitability is also one of the essential criteria for including it into their portfolios because, without profit, PennantPark Floating will eventually generate negative long term returns. The profitability progress is the general direction of PennantPark Floating's change in net profit over the period of time. It can combine multiple indicators of PennantPark Floating, 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.
PennantPark Floating Rate Capital Ltd. is a business development company. In case of floating rate loans, it holds investments for a period of three to ten years. PENNANTPARK FLTNG operates under Asset Management classification in Israel and is traded on Tel Aviv Stock Exchange.
PennantPark Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on PennantPark Floating. 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 PennantPark Floating 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 PennantPark Floating's important profitability drivers and their relationship over time.
Use PennantPark Floating 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 PennantPark Floating 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 PennantPark Floating will appreciate offsetting losses from the drop in the long position's value.PennantPark Floating Pair Trading
PennantPark Floating Rate Pair Trading Analysis
The ability to find closely correlated positions to PennantPark Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PennantPark Floating 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 PennantPark Floating - 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 PennantPark Floating Rate to buy it.
The correlation of PennantPark Floating 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 PennantPark Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PennantPark Floating Rate 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 PennantPark Floating 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 PennantPark Floating position
In addition to having PennantPark Floating 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 Personal Services Thematic Idea Now
Personal Services
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Personal Services 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 Personal Services Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in PennantPark Stock
When determining whether PennantPark Floating Rate is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if PennantPark Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Pennantpark Floating Rate Stock. Highlighted below are key reports to facilitate an investment decision about Pennantpark Floating Rate Stock:Check out Your Equity Center. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
To fully project PennantPark Floating's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of PennantPark Floating Rate at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include PennantPark Floating's income statement, its balance sheet, and the statement of cash flows.