TechnoDex Bhd Total Debt vs. Return On Equity
| 0132 Stock | 0.06 0.01 7.69% |
For TechnoDex Bhd profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TechnoDex Bhd to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TechnoDex Bhd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TechnoDex Bhd's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TechnoDex Bhd over time as well as its relative position and ranking within its peers.
TechnoDex |
TechnoDex Bhd Return On Equity vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TechnoDex Bhd's current stock value. Our valuation model uses many indicators to compare TechnoDex Bhd value to that of its competitors to determine the firm's financial worth. TechnoDex Bhd is rated below average in total debt category among its peers. It is rated fourth in return on equity category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the TechnoDex Bhd's earnings, one of the primary drivers of an investment's value.TechnoDex Total Debt vs. Competition
TechnoDex Bhd is rated below average in total debt category among its peers. Total debt of Software & IT Services industry is presently estimated at about 52.99 Million. TechnoDex Bhd claims roughly 593,580 in total debt contributing just under 2% to equities listed under Software & IT Services industry.
TechnoDex Return On Equity vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
TechnoDex Bhd |
| = | 593.58 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
TechnoDex Bhd |
| = | -31.29 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
TechnoDex Return On Equity Comparison
TechnoDex Bhd is currently under evaluation in return on equity category among its peers.
TechnoDex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TechnoDex Bhd. 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 TechnoDex Bhd 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 TechnoDex Bhd's important profitability drivers and their relationship over time.
Use TechnoDex Bhd 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 TechnoDex Bhd 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 TechnoDex Bhd will appreciate offsetting losses from the drop in the long position's value.TechnoDex Bhd Pair Trading
TechnoDex Bhd Pair Trading Analysis
The ability to find closely correlated positions to TechnoDex Bhd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TechnoDex Bhd 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 TechnoDex Bhd - 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 TechnoDex Bhd to buy it.
The correlation of TechnoDex Bhd 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 TechnoDex Bhd moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TechnoDex Bhd 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 TechnoDex Bhd 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 TechnoDex Bhd position
In addition to having TechnoDex Bhd 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 Adviser Favorites Thematic Idea Now
Adviser Favorites
Financial advisors frequently recommend that individuals diversify their investment portfolios with a mix of different types of stocks. These can include blue-chip stocks, growth stocks, and dividend stocks. The Adviser Favorites theme has 17 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 Adviser Favorites Theme or any other thematic opportunities.
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Other Information on Investing in TechnoDex Stock
To fully project TechnoDex Bhd's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TechnoDex Bhd 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 TechnoDex Bhd's income statement, its balance sheet, and the statement of cash flows.