National Bank Of Preferred Stock Fundamentals
| NA-PS Preferred Stock | CAD 25.09 0.18 0.72% |
National Bank of fundamentals help investors to digest information that contributes to National Bank's financial success or failures. It also enables traders to predict the movement of National Preferred Stock. The fundamental analysis module provides a way to measure National Bank'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 National Bank preferred stock.
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National Bank of Company Price To Sales Analysis
National Bank's 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.
Current National Bank Price To Sales | 2.26 X |
Most of National Bank's fundamental indicators, such as Price To Sales, 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, National Bank of is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, National Bank of has a Price To Sales of 2.2614 times. This is 4.69% higher than that of the Financial Services sector and significantly higher than that of the Banks-Diversified industry. The price to sales for all Canada preferred stocks is 80.2% higher than that of the company.
National Bank Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining National Bank's current stock value. Our valuation model uses many indicators to compare National Bank value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across National Bank competition to find correlations between indicators driving National Bank's intrinsic value. More Info.National Bank of is considered to be number one stock in price to sales category among its peers. It also is considered to be number one stock in beta category among its peers totaling about 0.49 of Beta per Price To Sales. The ratio of Price To Sales to Beta for National Bank of is roughly 2.04 . 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 National Bank's earnings, one of the primary drivers of an investment's value.National Price To Sales Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses National Bank's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of National Bank could also be used in its relative valuation, which is a method of valuing National Bank by comparing valuation metrics of similar companies.National Bank is currently under evaluation in price to sales category among its peers.
National Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0089 | ||||
| Profit Margin | 0.36 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | (83.88 B) | ||||
| Shares Outstanding | 338.22 M | ||||
| Shares Owned By Institutions | 20.20 % | ||||
| Number Of Shares Shorted | 9.19 K | ||||
| Price To Sales | 2.26 X | ||||
| Revenue | 9.62 B | ||||
| Gross Profit | 9.51 B | ||||
| Net Income | 3.38 B | ||||
| Total Debt | 28.35 B | ||||
| Book Value Per Share | 59.70 X | ||||
| Cash Flow From Operations | (27.38 B) | ||||
| Short Ratio | 1.17 X | ||||
| Earnings Per Share | 9.75 X | ||||
| Number Of Employees | 29.51 K | ||||
| Beta | 1.11 | ||||
| Market Capitalization | 22.88 B | ||||
| Total Asset | 403.74 B | ||||
| Annual Yield | 0.05 % | ||||
| Net Asset | 403.74 B | ||||
| Last Dividend Paid | 3.58 |
About National Bank Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze National Bank of's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Bank using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Bank of 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 National Bank
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 National Bank 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 National Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with National Preferred Stock
| 0.65 | RY-PJ | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to National Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Bank 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 National Bank - 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 National Bank of to buy it.
The correlation of National Bank 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 National Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Bank 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 National Bank 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 National Preferred Stock Analysis
When running National Bank's price analysis, check to measure National Bank'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 National Bank is operating at the current time. Most of National Bank's value examination focuses on studying past and present price action to predict the probability of National Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Bank's price. Additionally, you may evaluate how the addition of National Bank to your portfolios can decrease your overall portfolio volatility.