Rayong Wire Cash And Equivalents vs. Shares Outstanding
| RWI Stock | THB 0.51 0.01 1.92% |
For Rayong Wire profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Rayong Wire to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Rayong Wire Industries utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Rayong Wire's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Rayong Wire Industries over time as well as its relative position and ranking within its peers.
Rayong |
Rayong Wire Industries Shares Outstanding vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Rayong Wire's current stock value. Our valuation model uses many indicators to compare Rayong Wire value to that of its competitors to determine the firm's financial worth. Rayong Wire Industries is rated second in cash and equivalents category among its peers. It is currently regarded as top stock in shares outstanding category among its peers creating about 2.23 of Shares Outstanding per Cash And Equivalents. 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 Rayong Wire's earnings, one of the primary drivers of an investment's value.Rayong Shares Outstanding vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Rayong Wire |
| = | 411.23 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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.
Rayong Wire |
| = | 915.28 M |
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.
Rayong Shares Outstanding Comparison
Rayong Wire is currently under evaluation in shares outstanding category among its peers.
Rayong Wire Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Rayong Wire, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Rayong Wire will eventually generate negative long term returns. The profitability progress is the general direction of Rayong Wire's change in net profit over the period of time. It can combine multiple indicators of Rayong Wire, 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.
Rayong Wire Industries Public Company Limited manufactures and distributes steel wire products primarily in Thailand. Rayong Wire Industries Public Company Limited is a subsidiary of Capital Engineering Network Public Company Limited. RAYONG WIRE operates under Steel classification in Thailand and is traded on Stock Exchange of Thailand.
Rayong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Rayong Wire. 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 Rayong Wire 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 Rayong Wire's important profitability drivers and their relationship over time.
Use Rayong Wire 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 Rayong Wire 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 Rayong Wire will appreciate offsetting losses from the drop in the long position's value.Rayong Wire Pair Trading
Rayong Wire Industries Pair Trading Analysis
The ability to find closely correlated positions to Rayong Wire could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rayong Wire 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 Rayong Wire - 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 Rayong Wire Industries to buy it.
The correlation of Rayong Wire 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 Rayong Wire moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rayong Wire Industries 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 Rayong Wire 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 Rayong Wire position
In addition to having Rayong Wire 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 Money Funds Thematic Idea Now
Money Funds
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. The Money Funds theme has 32 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 Money Funds Theme or any other thematic opportunities.
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Other Information on Investing in Rayong Stock
To fully project Rayong Wire's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Rayong Wire Industries 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 Rayong Wire's income statement, its balance sheet, and the statement of cash flows.