Tree Island Price To Book vs. EBITDA
| TWIRF Stock | USD 2.06 0.08 3.74% |
For Tree Island profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tree Island to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tree Island Steel utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tree Island's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tree Island Steel over time as well as its relative position and ranking within its peers.
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Tree Island Steel EBITDA vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tree Island's current stock value. Our valuation model uses many indicators to compare Tree Island value to that of its competitors to determine the firm's financial worth. Tree Island Steel is currently regarded as top stock in price to book category among its peers. It also is currently regarded as top stock in ebitda category among its peers totaling about 170,026,514 of EBITDA per Price To Book. 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 Tree Island's earnings, one of the primary drivers of an investment's value.Tree EBITDA 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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| = | 0.72 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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Tree Island |
| = | 121.84 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Tree EBITDA Comparison
Tree Island is currently under evaluation in ebitda category among its peers.
Tree Island Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tree Island, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tree Island will eventually generate negative long term returns. The profitability progress is the general direction of Tree Island's change in net profit over the period of time. It can combine multiple indicators of Tree Island, 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.
Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. Tree Island Steel Ltd. was founded in 1964 and is headquartered in Richmond, Canada. Tree Island operates under Steel classification in the United States and is traded on OTC Exchange. It employs 480 people.
Tree Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tree Island. 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 Tree Island 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 Tree Island's important profitability drivers and their relationship over time.
Use Tree Island 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 Tree Island 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 Tree Island will appreciate offsetting losses from the drop in the long position's value.Tree Island Pair Trading
Tree Island Steel Pair Trading Analysis
The ability to find closely correlated positions to Tree Island could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tree Island 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 Tree Island - 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 Tree Island Steel to buy it.
The correlation of Tree Island 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 Tree Island moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tree Island Steel 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 Tree Island 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 Tree Island position
In addition to having Tree Island 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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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 Gambling Theme or any other thematic opportunities.
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Other Information on Investing in Tree Pink Sheet
To fully project Tree Island's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tree Island Steel 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 Tree Island's income statement, its balance sheet, and the statement of cash flows.