Hainan Drinda Net Income vs. Price To Book
| 002865 Stock | 60.53 0.13 0.21% |
For Hainan Drinda profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hainan Drinda to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hainan Drinda Automotive utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hainan Drinda's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hainan Drinda Automotive over time as well as its relative position and ranking within its peers.
Hainan |
Hainan Drinda Automotive Price To Book vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hainan Drinda's current stock value. Our valuation model uses many indicators to compare Hainan Drinda value to that of its competitors to determine the firm's financial worth. Hainan Drinda Automotive is number one stock in net income category among its peers. It also is number one stock in price to book category among its peers . The ratio of Net Income to Price To Book for Hainan Drinda Automotive is about 236,713,075 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Hainan Drinda by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hainan Drinda'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.Hainan Price To Book vs. Net Income
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.
Hainan Drinda |
| = | 815.64 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.
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.
Hainan Drinda |
| = | 3.45 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.
Hainan Price To Book Comparison
Hainan Drinda is currently under evaluation in price to book category among its peers.
Hainan Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hainan Drinda. 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 Hainan Drinda 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 Hainan Drinda's important profitability drivers and their relationship over time.
Use Hainan Drinda 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 Hainan Drinda 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 Hainan Drinda will appreciate offsetting losses from the drop in the long position's value.Hainan Drinda Pair Trading
Hainan Drinda Automotive Pair Trading Analysis
The ability to find closely correlated positions to Hainan Drinda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hainan Drinda 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 Hainan Drinda - 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 Hainan Drinda Automotive to buy it.
The correlation of Hainan Drinda 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 Hainan Drinda moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hainan Drinda Automotive 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 Hainan Drinda 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 Hainan Drinda position
In addition to having Hainan Drinda 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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Corona Opportunity
Firms that are involved in some capacity in making products or providing services to the public to buttle the virus directly or indirectly. This also includes some defencive and contrarian stocks and ETFs that are managing to avoid the big market correction coused by coronavirus. The Corona Opportunity theme has 46 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 Corona Opportunity Theme or any other thematic opportunities.
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Other Information on Investing in Hainan Stock
To fully project Hainan Drinda's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hainan Drinda Automotive 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 Hainan Drinda's income statement, its balance sheet, and the statement of cash flows.