Thai Mui Price To Book vs. Cash Per Share
Considering the key profitability indicators obtained from Thai Mui's historical financial statements, Thai Mui may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Thai Mui's ability to earn profits and add value for shareholders.
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 gross domestic product.
Please note, there is a significant difference between Thai Mui's value and its price as these two are different measures arrived at by different means. Investors typically determine if Thai Mui is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Thai Mui's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Thai Mui profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Thai Mui to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Thai Mui utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Thai Mui's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Thai Mui over time as well as its relative position and ranking within its peers.
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Thai Mui Cash Per Share vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Thai Mui's current stock value. Our valuation model uses many indicators to compare Thai Mui value to that of its competitors to determine the firm's financial worth. Thai Mui is rated third in price to book category among its peers. It is currently regarded as top stock in cash per share category among its peers fabricating about 0.10 of Cash Per Share per Price To Book. The ratio of Price To Book to Cash Per Share for Thai Mui is roughly 10.23 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Thai Mui by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Thai Mui'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.Thai Cash Per Share vs. Price To Book
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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| = | 0.92 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.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 0.09 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Thai Cash Per Share Comparison
Thai Mui is currently under evaluation in cash per share category among its peers.
Thai Mui Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Thai Mui, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Thai Mui will eventually generate negative long term returns. The profitability progress is the general direction of Thai Mui's change in net profit over the period of time. It can combine multiple indicators of Thai Mui, 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.
ThaiMui Corporation Public Company Limited engages in the distribution of wire rope products and lifting equipment in Thailand. ThaiMui Corporation Public Company Limited was founded in 1998 and is headquartered in Bangkok, Thailand. THAI MUI operates under Industrial Distribution classification in Thailand and is traded on Stock Exchange of Thailand.
Thai Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Thai Mui. 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 Thai Mui 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 Thai Mui's important profitability drivers and their relationship over time.
Use Thai Mui 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 Thai Mui 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 Thai Mui will appreciate offsetting losses from the drop in the long position's value.Thai Mui Pair Trading
Thai Mui Pair Trading Analysis
The ability to find closely correlated positions to Thai Mui could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thai Mui 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 Thai Mui - 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 Thai Mui to buy it.
The correlation of Thai Mui 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 Thai Mui moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thai Mui 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 Thai Mui 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 Thai Mui position
In addition to having Thai Mui 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 Consumer Goods Thematic Idea Now
Consumer Goods
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Consumer Goods 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 Consumer Goods Theme or any other thematic opportunities.
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Other Information on Investing in Thai Stock
To fully project Thai Mui's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Thai Mui 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 Thai Mui's income statement, its balance sheet, and the statement of cash flows.