Howmet Aerospace Preferred Stock Price To Earning
| HWM-P Preferred Stock | USD 68.59 0.01 0.01% |
Howmet Aerospace fundamentals help investors to digest information that contributes to Howmet Aerospace's financial success or failures. It also enables traders to predict the movement of Howmet Preferred Stock. The fundamental analysis module provides a way to measure Howmet Aerospace'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 Howmet Aerospace preferred stock.
Howmet |
Howmet Aerospace Company Price To Earning Analysis
Howmet Aerospace's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Howmet Aerospace has a Price To Earning of 0.0 times. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Aerospace & Defense industry. The price to earning for all United States preferred stocks is 100.0% higher than that of the company.
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Howmet Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0596 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 36.34 B | ||||
| Revenue | 4.97 B | ||||
| Gross Profit | 1.4 B | ||||
| EBITDA | 258.31 M | ||||
| Net Income | 258 M | ||||
| Cash And Equivalents | 1.28 B | ||||
| Cash Per Share | 2.94 X | ||||
| Total Debt | 5.21 B | ||||
| Debt To Equity | 1.51 % | ||||
| Current Ratio | 2.23 X | ||||
| Book Value Per Share | 7.77 X | ||||
| Cash Flow From Operations | 449 K | ||||
| Earnings Per Share | 0.71 X | ||||
| Number Of Employees | 19.9 K | ||||
| Beta | 1.35 | ||||
| Total Asset | 10.22 M | ||||
| Net Asset | 10.22 M | ||||
| Last Dividend Paid | 0.08 |
About Howmet Aerospace Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Howmet Aerospace's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Howmet Aerospace using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Howmet Aerospace 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 Howmet Aerospace
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 Howmet Aerospace 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 Howmet Aerospace will appreciate offsetting losses from the drop in the long position's value.Moving together with Howmet Preferred Stock
Moving against Howmet Preferred Stock
| 0.78 | EVTL | Vertical Aerospace | PairCorr |
| 0.73 | DPRO | Draganfly | PairCorr |
| 0.52 | EVEX | Eve Holding Earnings Call This Week | PairCorr |
| 0.36 | CW | Curtiss Wright | PairCorr |
The ability to find closely correlated positions to Howmet Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Howmet Aerospace 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 Howmet Aerospace - 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 Howmet Aerospace to buy it.
The correlation of Howmet Aerospace 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 Howmet Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Howmet Aerospace 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 Howmet Aerospace 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.Additional Tools for Howmet Preferred Stock Analysis
When running Howmet Aerospace's price analysis, check to measure Howmet Aerospace's 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 Howmet Aerospace is operating at the current time. Most of Howmet Aerospace's value examination focuses on studying past and present price action to predict the probability of Howmet Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Howmet Aerospace's price. Additionally, you may evaluate how the addition of Howmet Aerospace to your portfolios can decrease your overall portfolio volatility.