Woodside Energy Price To Book vs. Return On Asset
| WOP0 Stock | 14.02 0.05 0.36% |
For Woodside Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Woodside Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Woodside Energy Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Woodside Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Woodside Energy Group over time as well as its relative position and ranking within its peers.
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Woodside Energy Group Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Woodside Energy's current stock value. Our valuation model uses many indicators to compare Woodside Energy value to that of its competitors to determine the firm's financial worth. Woodside Energy Group is rated below average in price to book category among its peers. It is rated fourth in return on asset category among its peers reporting about 0.09 of Return On Asset per Price To Book. The ratio of Price To Book to Return On Asset for Woodside Energy Group is roughly 11.08 . 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 Woodside Energy's earnings, one of the primary drivers of an investment's value.Woodside Return On Asset 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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| = | 1.35 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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | 0.12 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Woodside Return On Asset Comparison
Woodside Energy is rated third in return on asset category among its peers.
Woodside Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Woodside Energy. 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 Woodside Energy 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 Woodside Energy's important profitability drivers and their relationship over time.
Use Woodside Energy 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 Woodside Energy 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 Woodside Energy will appreciate offsetting losses from the drop in the long position's value.Woodside Energy Pair Trading
Woodside Energy Group Pair Trading Analysis
The ability to find closely correlated positions to Woodside Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Woodside Energy 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 Woodside Energy - 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 Woodside Energy Group to buy it.
The correlation of Woodside Energy 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 Woodside Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Woodside Energy Group 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 Woodside Energy 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 Woodside Energy position
In addition to having Woodside Energy 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 Raw Materials Thematic Idea Now
Raw Materials
Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 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 Raw Materials Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Woodside Stock
When determining whether Woodside Energy Group is a strong investment it is important to analyze Woodside Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Woodside Energy's future performance. For an informed investment choice regarding Woodside Stock, refer to the following important reports:Check out Your Current Watchlist. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
To fully project Woodside Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Woodside Energy Group 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 Woodside Energy's income statement, its balance sheet, and the statement of cash flows.