INNOVATEC SPA Return On Equity vs. Shares Outstanding
| 5JT Stock | EUR 0.92 0.06 6.98% |
For INNOVATEC SPA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of INNOVATEC SPA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well INNOVATEC SPA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between INNOVATEC SPA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of INNOVATEC SPA over time as well as its relative position and ranking within its peers.
INNOVATEC |
INNOVATEC SPA Shares Outstanding vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining INNOVATEC SPA's current stock value. Our valuation model uses many indicators to compare INNOVATEC SPA value to that of its competitors to determine the firm's financial worth. INNOVATEC SPA is number one stock in return on equity category among its peers. It is rated third in shares outstanding category among its peers creating about 238,196,849 of Shares Outstanding per Return On Equity. 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 INNOVATEC SPA's earnings, one of the primary drivers of an investment's value.INNOVATEC Shares Outstanding vs. Return On Equity
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.
INNOVATEC SPA |
| = | 0.4 |
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.
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.
INNOVATEC SPA |
| = | 96.45 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.
INNOVATEC Shares Outstanding Comparison
INNOVATEC SPA is currently under evaluation in shares outstanding category among its peers.
INNOVATEC SPA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in INNOVATEC SPA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, INNOVATEC SPA will eventually generate negative long term returns. The profitability progress is the general direction of INNOVATEC SPA's change in net profit over the period of time. It can combine multiple indicators of INNOVATEC SPA, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Innovatec S.p.A. provides technologies, products, and services in the areas of energy efficiency and energy storage in Italy. Innovatec S.p.A. is a subsidiary of Gruppo Waste Italia S.p.A. INNOVATEC operates under UtilitiesRegulated Electric classification in Germany and is traded on Frankfurt Stock Exchange. It employs 212 people.
INNOVATEC Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on INNOVATEC SPA. 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 INNOVATEC SPA 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 INNOVATEC SPA's important profitability drivers and their relationship over time.
Use INNOVATEC SPA 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 INNOVATEC SPA 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 INNOVATEC SPA will appreciate offsetting losses from the drop in the long position's value.INNOVATEC SPA Pair Trading
INNOVATEC SPA Pair Trading Analysis
The ability to find closely correlated positions to INNOVATEC SPA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INNOVATEC SPA 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 INNOVATEC SPA - 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 INNOVATEC SPA to buy it.
The correlation of INNOVATEC SPA 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 INNOVATEC SPA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INNOVATEC SPA 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 INNOVATEC SPA 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 INNOVATEC SPA position
In addition to having INNOVATEC SPA 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?
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Technology
Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 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 Technology Theme or any other thematic opportunities.
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Other Information on Investing in INNOVATEC Stock
To fully project INNOVATEC SPA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of INNOVATEC SPA 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 INNOVATEC SPA's income statement, its balance sheet, and the statement of cash flows.