Shenyang Chemical Price To Book vs. Net Income
| 000698 Stock | 3.73 0.08 2.19% |
For Shenyang Chemical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shenyang Chemical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shenyang Chemical Industry utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shenyang Chemical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shenyang Chemical Industry over time as well as its relative position and ranking within its peers.
Shenyang |
Shenyang Chemical Net Income vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shenyang Chemical's current stock value. Our valuation model uses many indicators to compare Shenyang Chemical value to that of its competitors to determine the firm's financial worth. Shenyang Chemical Industry is number one stock in price to book category among its peers. It also is number one stock in net income category among its peers . At present, Shenyang Chemical's Net Loss is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Shenyang Chemical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Shenyang Chemical'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.Shenyang Net Income vs. Price To Book
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.
Shenyang Chemical |
| = | 2.23 X |
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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Shenyang Chemical |
| = | (458.24 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Shenyang Net Income Comparison
Shenyang Chemical is currently under evaluation in net income category among its peers.
Shenyang Chemical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Shenyang Chemical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Shenyang Chemical will eventually generate negative long term returns. The profitability progress is the general direction of Shenyang Chemical's change in net profit over the period of time. It can combine multiple indicators of Shenyang Chemical, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | -216.1 M | -205.3 M | |
| Income Before Tax | -441.2 M | -419.1 M | |
| Net Loss | -1.6 B | -1.5 B | |
| Net Loss | -458.2 M | -435.3 M | |
| Income Tax Expense | 13.4 M | 12.7 M | |
| Net Loss | -457.4 M | -434.5 M | |
| Total Other Income Expense Net | -61.3 M | -58.2 M | |
| Net Interest Income | -57.2 M | -60 M | |
| Interest Income | 37.6 M | 40 M | |
| Change To Netincome | 1.4 B | 1.5 B |
Shenyang Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shenyang Chemical. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Shenyang Chemical position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Shenyang Chemical's important profitability drivers and their relationship over time.
Use Shenyang Chemical in pair-trading
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 Shenyang Chemical 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 Shenyang Chemical will appreciate offsetting losses from the drop in the long position's value.Shenyang Chemical Pair Trading
Shenyang Chemical Industry Pair Trading Analysis
The ability to find closely correlated positions to Shenyang Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shenyang Chemical 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 Shenyang Chemical - 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 Shenyang Chemical Industry to buy it.
The correlation of Shenyang Chemical 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 Shenyang Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shenyang Chemical 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 Shenyang Chemical 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.Use Investing Themes to Complement your Shenyang Chemical position
In addition to having Shenyang Chemical in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Shenyang Stock
To fully project Shenyang Chemical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Shenyang Chemical at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Shenyang Chemical's income statement, its balance sheet, and the statement of cash flows.