POLARX Beta vs. Book Value Per Share
| PX0 Stock | EUR 0 0.0005 25.00% |
For POLARX profitability analysis, we use financial ratios and fundamental drivers that measure the ability of POLARX to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well POLARX LTD utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between POLARX's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of POLARX LTD over time as well as its relative position and ranking within its peers.
POLARX |
POLARX LTD Book Value Per Share vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining POLARX's current stock value. Our valuation model uses many indicators to compare POLARX value to that of its competitors to determine the firm's financial worth. POLARX LTD is considered to be number one stock in beta category among its peers. It also is considered to be number one stock in book value per share category among its peers creating about 0.03 of Book Value Per Share per Beta. The ratio of Beta to Book Value Per Share for POLARX LTD is roughly 33.56 . 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 POLARX's earnings, one of the primary drivers of an investment's value.POLARX Book Value Per Share vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
POLARX |
| = | 1.41 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
POLARX |
| = | 0.04 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
POLARX Book Value Per Share Comparison
POLARX is currently under evaluation in book value per share category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, POLARX will likely underperform.
POLARX Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in POLARX, profitability is also one of the essential criteria for including it into their portfolios because, without profit, POLARX will eventually generate negative long term returns. The profitability progress is the general direction of POLARX's change in net profit over the period of time. It can combine multiple indicators of POLARX, 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.
PolarX Limited engages in the exploration and development of mineral properties in the United States. The company was incorporated in 1945 and is based in Subiaco, Australia. POLARX operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1 people.
POLARX Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on POLARX. 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 POLARX 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 POLARX's important profitability drivers and their relationship over time.
Use POLARX 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 POLARX 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 POLARX will appreciate offsetting losses from the drop in the long position's value.POLARX Pair Trading
POLARX LTD Pair Trading Analysis
The ability to find closely correlated positions to POLARX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace POLARX 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 POLARX - 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 POLARX LTD to buy it.
The correlation of POLARX 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 POLARX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if POLARX LTD 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 POLARX 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 POLARX position
In addition to having POLARX 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 Cars Thematic Idea Now
Cars
Domestic and international companies involved in manufacturing and serving automobiles and trucks. The Cars theme has 47 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 Cars Theme or any other thematic opportunities.
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Other Information on Investing in POLARX Stock
To fully project POLARX's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of POLARX LTD 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 POLARX's income statement, its balance sheet, and the statement of cash flows.