Ajusteel Shares Outstanding vs. Current Valuation
| 139990 Stock | 4,440 85.00 1.88% |
For Ajusteel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ajusteel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ajusteel Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ajusteel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ajusteel Co over time as well as its relative position and ranking within its peers.
Ajusteel |
Ajusteel Current Valuation vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ajusteel's current stock value. Our valuation model uses many indicators to compare Ajusteel value to that of its competitors to determine the firm's financial worth. Ajusteel Co is number one stock in shares outstanding category among its peers. It also is the top company in current valuation category among its peers reporting about 21,623 of Current Valuation per Shares Outstanding. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ajusteel by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ajusteel'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.Ajusteel Current Valuation vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Ajusteel |
| = | 26.45 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Ajusteel |
| = | 571.98 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Ajusteel Current Valuation vs Competition
Ajusteel Co is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Steel industry is presently estimated at about 1.84 Trillion. Ajusteel totals roughly 571.98 Billion in current valuation claiming about 31% of equities listed under Steel industry.
Ajusteel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ajusteel. 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 Ajusteel 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 Ajusteel's important profitability drivers and their relationship over time.
Use Ajusteel 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 Ajusteel 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 Ajusteel will appreciate offsetting losses from the drop in the long position's value.Ajusteel Pair Trading
Ajusteel Co Pair Trading Analysis
The ability to find closely correlated positions to Ajusteel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ajusteel 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 Ajusteel - 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 Ajusteel Co to buy it.
The correlation of Ajusteel 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 Ajusteel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ajusteel 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 Ajusteel 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 Ajusteel position
In addition to having Ajusteel 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 Processed Foods Thematic Idea Now
Processed Foods
Companies producing and distributing processed foods to retail sectors. The Processed Foods 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 Processed Foods Theme or any other thematic opportunities.
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Other Information on Investing in Ajusteel Stock
To fully project Ajusteel's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ajusteel 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 Ajusteel's income statement, its balance sheet, and the statement of cash flows.