AirAsia X Revenue vs. Price To Book
| 5238 Stock | 1.89 0.01 0.53% |
For AirAsia X profitability analysis, we use financial ratios and fundamental drivers that measure the ability of AirAsia X to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well AirAsia X Bhd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between AirAsia X's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of AirAsia X Bhd over time as well as its relative position and ranking within its peers.
AirAsia |
AirAsia X Bhd Price To Book vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining AirAsia X's current stock value. Our valuation model uses many indicators to compare AirAsia X value to that of its competitors to determine the firm's financial worth. AirAsia X Bhd is rated below average in revenue category among its peers. It is number one stock in price to book category among its peers . The ratio of Revenue to Price To Book for AirAsia X Bhd is about 893,256,173 . 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 AirAsia X's earnings, one of the primary drivers of an investment's value.AirAsia Price To Book vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
AirAsia X |
| = | 1.22 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.
AirAsia X |
| = | 1.36 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.
AirAsia Price To Book Comparison
AirAsia X is currently under evaluation in price to book category among its peers.
AirAsia Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on AirAsia X. 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 AirAsia X 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 AirAsia X's important profitability drivers and their relationship over time.
Use AirAsia X 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 AirAsia X 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 AirAsia X will appreciate offsetting losses from the drop in the long position's value.AirAsia X Pair Trading
AirAsia X Bhd Pair Trading Analysis
The ability to find closely correlated positions to AirAsia X could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AirAsia X 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 AirAsia X - 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 AirAsia X Bhd to buy it.
The correlation of AirAsia X 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 AirAsia X moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AirAsia X 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 AirAsia X 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 AirAsia X position
In addition to having AirAsia X 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 Sport Products Thematic Idea Now
Sport Products
Companies manufacturing sporting goods and accessories. The Sport Products theme has 44 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 Sport Products Theme or any other thematic opportunities.
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Other Information on Investing in AirAsia Stock
To fully project AirAsia X's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of AirAsia X 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 AirAsia X's income statement, its balance sheet, and the statement of cash flows.