Union Materials Shares Owned By Institutions vs. Return On Asset
| 047400 Stock | 2,390 40.00 1.65% |
For Union Materials profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Union Materials to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Union Materials Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Union Materials's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Union Materials Corp over time as well as its relative position and ranking within its peers.
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Union Materials Corp Return On Asset vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Union Materials's current stock value. Our valuation model uses many indicators to compare Union Materials value to that of its competitors to determine the firm's financial worth. Union Materials Corp is number one stock in shares owned by institutions category among its peers. It is rated fourth in return on asset category among its peers reporting about 0.02 of Return On Asset per Shares Owned By Institutions. The ratio of Shares Owned By Institutions to Return On Asset for Union Materials Corp is roughly 44.12 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Union Materials by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Union Materials' 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.Union Return On Asset vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
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| = | 0.30 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
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.
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| = | 0.0068 |
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.
Union Return On Asset Comparison
Union Materials is currently under evaluation in return on asset category among its peers.
Union Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Union Materials. 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 Union Materials 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 Union Materials' important profitability drivers and their relationship over time.
Use Union Materials 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 Union Materials 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 Union Materials will appreciate offsetting losses from the drop in the long position's value.Union Materials Pair Trading
Union Materials Corp Pair Trading Analysis
The ability to find closely correlated positions to Union Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Materials 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 Union Materials - 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 Union Materials Corp to buy it.
The correlation of Union Materials 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 Union Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Union Materials Corp 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 Union Materials 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 Union Materials position
In addition to having Union Materials 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 Small Value Funds Thematic Idea Now
Small Value Funds
Funds or Etfs that invest in the undervalued stocks of small to mid-sized companies. The Small Value Funds theme has 37 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 Small Value Funds Theme or any other thematic opportunities.
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Other Information on Investing in Union Stock
To fully project Union Materials' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Union Materials Corp 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 Union Materials' income statement, its balance sheet, and the statement of cash flows.