Ringkjoebing Financial Statements From 2010 to 2024
| RILBA Stock | DKK 1,145 9.00 0.78% |
Check Ringkjoebing Landbobank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ringkjoebing Landbobank's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ringkjoebing financial statements analysis is a perfect complement when working with Ringkjoebing Landbobank Valuation or Volatility modules.
Ringkjoebing |
Ringkjoebing Landbobank AS Company Return On Equity Analysis
Ringkjoebing Landbobank's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Ringkjoebing Landbobank Return On Equity | 0.17 |
Most of Ringkjoebing Landbobank's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ringkjoebing Landbobank AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Ringkjoebing Landbobank AS has a Return On Equity of 0.1659. This is 88.56% lower than that of the Banks sector and significantly higher than that of the Financials industry. The return on equity for all Denmark stocks is 153.52% lower than that of the firm.
Ringkjoebing Landbobank Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ringkjoebing Landbobank's current stock value. Our valuation model uses many indicators to compare Ringkjoebing Landbobank value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ringkjoebing Landbobank competition to find correlations between indicators driving Ringkjoebing Landbobank's intrinsic value. More Info.Ringkjoebing Landbobank AS is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.14 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Ringkjoebing Landbobank AS is roughly 7.18 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ringkjoebing Landbobank by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ringkjoebing Landbobank'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.About Ringkjoebing Landbobank Financial Statements
Ringkjoebing Landbobank stakeholders use historical fundamental indicators, such as Ringkjoebing Landbobank's revenue or net income, to determine how well the company is positioned to perform in the future. Although Ringkjoebing Landbobank investors may analyze each financial statement separately, they are all interrelated. For example, changes in Ringkjoebing Landbobank's assets and liabilities are reflected in the revenues and expenses on Ringkjoebing Landbobank's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Ringkjoebing Landbobank AS. Please read more on our technical analysis and fundamental analysis pages.
Ringkjbing Landbobank AS provides various banking products and services in Denmark. Ringkjbing Landbobank AS was founded in 1886 and is headquartered in Ringkbing, Denmark. Ringkjbing Landbobank operates under BanksRegional classification in Denmark and is traded on Copenhagen Stock Exchange. It employs 644 people.
Pair Trading with Ringkjoebing Landbobank
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 Ringkjoebing Landbobank 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 Ringkjoebing Landbobank will appreciate offsetting losses from the drop in the long position's value.Moving against Ringkjoebing Stock
| 0.83 | ESG | Ennogie Solar Group | PairCorr |
| 0.76 | MONSO | Monsenso AS | PairCorr |
| 0.67 | CONFRZ | Conferize AS | PairCorr |
| 0.54 | DKIJAP | Investeringsforeningen | PairCorr |
The ability to find closely correlated positions to Ringkjoebing Landbobank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ringkjoebing Landbobank 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 Ringkjoebing Landbobank - 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 Ringkjoebing Landbobank AS to buy it.
The correlation of Ringkjoebing Landbobank 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 Ringkjoebing Landbobank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ringkjoebing Landbobank 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 Ringkjoebing Landbobank 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.Other Information on Investing in Ringkjoebing Stock
Ringkjoebing Landbobank financial ratios help investors to determine whether Ringkjoebing Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ringkjoebing with respect to the benefits of owning Ringkjoebing Landbobank security.