Jizhong Energy Return On Asset vs. Gross Profit
| 000937 Stock | 6.16 0.30 4.64% |
For Jizhong Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Jizhong Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Jizhong Energy Resources utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Jizhong Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Jizhong Energy Resources over time as well as its relative position and ranking within its peers.
Jizhong |
Jizhong Energy Resources Gross Profit vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Jizhong Energy's current stock value. Our valuation model uses many indicators to compare Jizhong Energy value to that of its competitors to determine the firm's financial worth. Jizhong Energy Resources is number one stock in return on asset category among its peers. It also is number one stock in gross profit category among its peers fabricating about 175,280,771,845 of Gross Profit per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Jizhong Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Jizhong Energy'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.Jizhong Gross Profit vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Jizhong Energy |
| = | 0.0412 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Jizhong Energy |
| = | 7.22 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Jizhong Gross Profit Comparison
Jizhong Energy is currently under evaluation in gross profit category among its peers.
Jizhong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Jizhong Energy. 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 Jizhong Energy 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 Jizhong Energy's important profitability drivers and their relationship over time.
Use Jizhong Energy 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 Jizhong Energy 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 Jizhong Energy will appreciate offsetting losses from the drop in the long position's value.Jizhong Energy Pair Trading
Jizhong Energy Resources Pair Trading Analysis
The ability to find closely correlated positions to Jizhong Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jizhong Energy 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 Jizhong Energy - 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 Jizhong Energy Resources to buy it.
The correlation of Jizhong Energy 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 Jizhong Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jizhong Energy Resources 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 Jizhong Energy 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 Jizhong Energy position
In addition to having Jizhong Energy 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?
Run Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Materials Theme or any other thematic opportunities.
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Other Information on Investing in Jizhong Stock
To fully project Jizhong Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Jizhong Energy Resources 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 Jizhong Energy's income statement, its balance sheet, and the statement of cash flows.