Shandong Sino Book Value Per Share vs. Gross Profit
| 003042 Stock | 16.69 0.21 1.27% |
For Shandong Sino profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shandong Sino to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shandong Sino Agri United utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shandong Sino's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shandong Sino Agri United over time as well as its relative position and ranking within its peers.
Shandong |
Shandong Sino Agri Gross Profit vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shandong Sino's current stock value. Our valuation model uses many indicators to compare Shandong Sino value to that of its competitors to determine the firm's financial worth. Shandong Sino Agri United is number one stock in book value per share category among its peers. It also is number one stock in gross profit category among its peers fabricating about 36,208,428 of Gross Profit per Book Value Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Shandong Sino by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Shandong Sino'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.Shandong Gross Profit vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Shandong Sino |
| = | 9.98 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.
Shandong Sino |
| = | 361.29 M |
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.
Shandong Gross Profit Comparison
Shandong Sino is currently under evaluation in gross profit category among its peers.
Shandong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shandong Sino. 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 Shandong Sino 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 Shandong Sino's important profitability drivers and their relationship over time.
Use Shandong Sino 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 Shandong Sino 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 Shandong Sino will appreciate offsetting losses from the drop in the long position's value.Shandong Sino Pair Trading
Shandong Sino Agri United Pair Trading Analysis
The ability to find closely correlated positions to Shandong Sino could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shandong Sino 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 Shandong Sino - 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 Shandong Sino Agri United to buy it.
The correlation of Shandong Sino 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 Shandong Sino moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shandong Sino Agri 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 Shandong Sino 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 Shandong Sino position
In addition to having Shandong Sino 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 Railroads Thematic Idea Now
Railroads
Companies involved in manufacturing and maintenance of freight railroads and passenger trains as well as providing railroad services to public. The Railroads 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 Railroads Theme or any other thematic opportunities.
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Other Information on Investing in Shandong Stock
To fully project Shandong Sino's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Shandong Sino Agri 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 Shandong Sino's income statement, its balance sheet, and the statement of cash flows.