Red Avenue Return On Equity vs. Return On Asset
| 603650 Stock | 35.30 0.64 1.78% |
For Red Avenue profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Red Avenue to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Red Avenue New utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Red Avenue's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Red Avenue New over time as well as its relative position and ranking within its peers.
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Red Avenue New Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Red Avenue's current stock value. Our valuation model uses many indicators to compare Red Avenue value to that of its competitors to determine the firm's financial worth. Red Avenue New is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.16 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Red Avenue New is roughly 6.28 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Red Avenue by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Red Avenue'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.Red Return On Asset 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.
Red Avenue |
| = | 0.15 |
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.
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.
Red Avenue |
| = | 0.0235 |
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.
Red Return On Asset Comparison
Red Avenue is currently under evaluation in return on asset category among its peers.
Red Avenue Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Red Avenue, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Red Avenue will eventually generate negative long term returns. The profitability progress is the general direction of Red Avenue's change in net profit over the period of time. It can combine multiple indicators of Red Avenue, 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.
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 342.9 M | 334.4 M | |
| Income Tax Expense | 22.4 M | 39.7 M | |
| Net Interest Income | -58.8 M | -61.7 M | |
| Interest Income | 23.9 M | 13.2 M | |
| Operating Income | 237.7 M | 279 M | |
| Net Income From Continuing Ops | 464.7 M | 377.6 M | |
| Income Before Tax | 384.3 M | 312.5 M | |
| Net Income | 467.6 M | 379.8 M | |
| Change To Netincome | -112.5 M | -106.9 M |
Red Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Red Avenue. 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 Red Avenue 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 Red Avenue's important profitability drivers and their relationship over time.
Use Red Avenue 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 Red Avenue 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 Red Avenue will appreciate offsetting losses from the drop in the long position's value.Red Avenue Pair Trading
Red Avenue New Pair Trading Analysis
The ability to find closely correlated positions to Red Avenue could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Avenue 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 Red Avenue - 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 Red Avenue New to buy it.
The correlation of Red Avenue 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 Red Avenue moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Avenue New 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 Red Avenue 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 Red Avenue position
In addition to having Red Avenue 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 Utilities - Regulated Electric Thematic Idea Now
Utilities - Regulated Electric
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities - Regulated Electric theme has 6 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 Utilities - Regulated Electric Theme or any other thematic opportunities.
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Other Information on Investing in Red Stock
To fully project Red Avenue's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Red Avenue New 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 Red Avenue's income statement, its balance sheet, and the statement of cash flows.