Welsbach Technology Metals Stock Price To Book
| WTMAR Stock | USD 0.10 0.01 9.09% |
Welsbach Technology Metals fundamentals help investors to digest information that contributes to Welsbach Technology's financial success or failures. It also enables traders to predict the movement of Welsbach Stock. The fundamental analysis module provides a way to measure Welsbach Technology'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 Welsbach Technology stock.
As of 11/30/2024, Price To Book Ratio is likely to grow to 5.00. Welsbach |
Welsbach Technology Metals Company Price To Book Analysis
Welsbach Technology's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Welsbach Price To Book Historical Pattern
Today, most investors in Welsbach Technology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Welsbach Technology's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Welsbach Technology price to book as a starting point in their analysis.
Welsbach Technology Price To Book |
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
CompetitionWelsbach Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Welsbach Technology Metals has a Price To Book of 0.0 times. This indicator is about the same for the Capital Markets average (which is currently at 0.0) sector and about the same as Financials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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Welsbach Fundamentals
| Return On Asset | -0.0311 | ||||
| Number Of Shares Shorted | 9.6 K | ||||
| Book Value Per Share | (2.08) X | ||||
| Beta | -0.012 |
About Welsbach Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Welsbach Technology Metals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Welsbach Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Welsbach Technology Metals 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 Welsbach Technology
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 Welsbach Technology 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 Welsbach Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Welsbach Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Welsbach Technology 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 Welsbach Technology - 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 Welsbach Technology Metals to buy it.
The correlation of Welsbach Technology 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 Welsbach Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Welsbach Technology 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 Welsbach Technology 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 Welsbach Stock Analysis
When running Welsbach Technology's price analysis, check to measure Welsbach Technology'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 Welsbach Technology is operating at the current time. Most of Welsbach Technology's value examination focuses on studying past and present price action to predict the probability of Welsbach Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welsbach Technology's price. Additionally, you may evaluate how the addition of Welsbach Technology to your portfolios can decrease your overall portfolio volatility.