TravelCenters Price To Earning vs. Z Score
| TANNLDelisted Stock | USD 25.01 0.00 0.00% |
For TravelCenters profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TravelCenters to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TravelCenters Of America utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TravelCenters's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TravelCenters Of America over time as well as its relative position and ranking within its peers.
TravelCenters |
TravelCenters Of America Z Score vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TravelCenters's current stock value. Our valuation model uses many indicators to compare TravelCenters value to that of its competitors to determine the firm's financial worth. TravelCenters Of America is rated third in price to earning category among its peers. It is rated second in z score category among its peers totaling about 0.10 of Z Score per Price To Earning. The ratio of Price To Earning to Z Score for TravelCenters Of America is roughly 9.87 . Comparative valuation analysis is a catch-all technique that is used if you cannot value TravelCenters by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.TravelCenters Z Score 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.
TravelCenters |
| = | 34.66 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.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
TravelCenters |
| = | 3.51 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
TravelCenters Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in TravelCenters, profitability is also one of the essential criteria for including it into their portfolios because, without profit, TravelCenters will eventually generate negative long term returns. The profitability progress is the general direction of TravelCenters' change in net profit over the period of time. It can combine multiple indicators of TravelCenters, 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.
TravelCenters of America LLC operates travel centers and convenience stores in the United States and Canada. TravelCenters of America LLC was founded in 1992 and is headquartered in Westlake, Ohio. TravelCenters is traded on NASDAQ in USA.
TravelCenters Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TravelCenters. 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 TravelCenters 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 TravelCenters' important profitability drivers and their relationship over time.
Use TravelCenters 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 TravelCenters 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 TravelCenters will appreciate offsetting losses from the drop in the long position's value.TravelCenters Pair Trading
TravelCenters Of America Pair Trading Analysis
The ability to find closely correlated positions to TravelCenters could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TravelCenters 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 TravelCenters - 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 TravelCenters Of America to buy it.
The correlation of TravelCenters 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 TravelCenters moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TravelCenters Of America 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 TravelCenters 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 TravelCenters position
In addition to having TravelCenters 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?
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Consideration for investing in TravelCenters Stock
If you are still planning to invest in TravelCenters Of America check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the TravelCenters' history and understand the potential risks before investing.
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