Etex Sa Stock Return On Equity
| BE0941244536 | EUR 15.00 0.50 3.45% |
Etex SA fundamentals help investors to digest information that contributes to Etex SA's financial success or failures. It also enables traders to predict the movement of Etex Stock. The fundamental analysis module provides a way to measure Etex SA's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Etex SA stock.
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Etex SA Company Return On Equity Analysis
Etex SA'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.
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.
CompetitionBased on the latest financial disclosure, Etex SA has a Return On Equity of 0.0. This indicator is about the same for the Consumer Cyclicals average (which is currently at 0.0) sector and about the same as Homebuilding & Construction Supplies (which currently averages 0.0) industry. This indicator is about the same for all Belgium stocks average (which is currently at 0.0).
Etex Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Etex SA's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Etex SA could also be used in its relative valuation, which is a method of valuing Etex SA by comparing valuation metrics of similar companies.Etex SA is currently under evaluation in return on equity category among its peers.
Etex Fundamentals
About Etex SA Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Etex SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Etex SA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Etex SA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Etex SA
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 Etex SA 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 Etex SA will appreciate offsetting losses from the drop in the long position's value.Moving against Etex Stock
| 0.6 | UCB | UCB SA | PairCorr |
| 0.58 | ARGX | Argen X | PairCorr |
| 0.54 | ACKB | Ackermans Van Haaren | PairCorr |
| 0.35 | SOLB | Solvay SA | PairCorr |
The ability to find closely correlated positions to Etex SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etex SA 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 Etex SA - 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 Etex SA to buy it.
The correlation of Etex SA 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 Etex SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etex SA 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 Etex SA 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 Etex Stock
Etex SA financial ratios help investors to determine whether Etex 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 Etex with respect to the benefits of owning Etex SA security.