Xinyi Glass Price To Sales vs. Return On Asset
| XYIGY Stock | USD 20.79 0.02 0.1% |
For Xinyi Glass profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Xinyi Glass to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Xinyi Glass Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Xinyi Glass's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Xinyi Glass Holdings over time as well as its relative position and ranking within its peers.
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Xinyi Glass Holdings Return On Asset vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Xinyi Glass's current stock value. Our valuation model uses many indicators to compare Xinyi Glass value to that of its competitors to determine the firm's financial worth. Xinyi Glass Holdings is rated first in price to sales category among its peers. It is rated first in return on asset category among its peers reporting about 0.43 of Return On Asset per Price To Sales. The ratio of Price To Sales to Return On Asset for Xinyi Glass Holdings is roughly 2.33 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Xinyi Glass by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Xinyi Glass' Pink Sheet. 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.Xinyi Return On Asset vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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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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.
Xinyi Return On Asset Comparison
Xinyi Glass is currently under evaluation in return on asset category among its peers.
Xinyi Glass Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Xinyi Glass, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Xinyi Glass will eventually generate negative long term returns. The profitability progress is the general direction of Xinyi Glass' change in net profit over the period of time. It can combine multiple indicators of Xinyi Glass, 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.
Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. The company was founded in 1988 and is headquartered in Kwun Tong, Hong Kong. Xinyi Glass operates under Building Materials classification in the United States and is traded on OTC Exchange. It employs 14798 people.
Xinyi Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Xinyi Glass. 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 Xinyi Glass 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 Xinyi Glass' important profitability drivers and their relationship over time.
Use Xinyi Glass 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 Xinyi Glass 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 Xinyi Glass will appreciate offsetting losses from the drop in the long position's value.Xinyi Glass Pair Trading
Xinyi Glass Holdings Pair Trading Analysis
The ability to find closely correlated positions to Xinyi Glass could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xinyi Glass 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 Xinyi Glass - 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 Xinyi Glass Holdings to buy it.
The correlation of Xinyi Glass 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 Xinyi Glass moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xinyi Glass Holdings 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 Xinyi Glass 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 Xinyi Glass position
In addition to having Xinyi Glass 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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Additional Tools for Xinyi Pink Sheet Analysis
When running Xinyi Glass' price analysis, check to measure Xinyi Glass' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xinyi Glass is operating at the current time. Most of Xinyi Glass' value examination focuses on studying past and present price action to predict the probability of Xinyi Glass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xinyi Glass' price. Additionally, you may evaluate how the addition of Xinyi Glass to your portfolios can decrease your overall portfolio volatility.