Niutech Environment Return On Equity vs. Price To Book
| 688309 Stock | 14.04 0.76 5.14% |
For Niutech Environment profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Niutech Environment to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Niutech Environment Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Niutech Environment's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Niutech Environment Technology over time as well as its relative position and ranking within its peers.
Niutech |
Niutech Environment Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Niutech Environment's current stock value. Our valuation model uses many indicators to compare Niutech Environment value to that of its competitors to determine the firm's financial worth. Niutech Environment Technology is rated second in return on equity category among its peers. It also is rated second in price to book category among its peers fabricating about 190.49 of Price To Book per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Niutech Environment by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Niutech Environment'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.Niutech Price To Book 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.
Niutech Environment |
| = | 0.0082 |
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.
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.
Niutech Environment |
| = | 1.56 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.
Niutech Price To Book Comparison
Niutech Environment is currently under evaluation in price to book category among its peers.
Niutech Environment Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Niutech Environment, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Niutech Environment will eventually generate negative long term returns. The profitability progress is the general direction of Niutech Environment's change in net profit over the period of time. It can combine multiple indicators of Niutech Environment, 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 Interest Income | 3.9 M | 4.1 M | |
| Interest Income | 3.9 M | 4.1 M | |
| Operating Income | 43.3 M | 35.4 M | |
| Net Income From Continuing Ops | 18.1 M | 25.7 M | |
| Income Before Tax | 20 M | 29.9 M | |
| Net Income Applicable To Common Shares | 13.2 M | 12.5 M | |
| Net Income | 1.8 K | 1.7 K | |
| Income Tax Expense | 2.1 M | 2 M | |
| Change To Netincome | 27.3 M | 28.7 M |
Niutech Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Niutech Environment. 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 Niutech Environment 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 Niutech Environment's important profitability drivers and their relationship over time.
Use Niutech Environment 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 Niutech Environment 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 Niutech Environment will appreciate offsetting losses from the drop in the long position's value.Niutech Environment Pair Trading
Niutech Environment Technology Pair Trading Analysis
The ability to find closely correlated positions to Niutech Environment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Niutech Environment 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 Niutech Environment - 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 Niutech Environment Technology to buy it.
The correlation of Niutech Environment 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 Niutech Environment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Niutech Environment 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 Niutech Environment 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 Niutech Environment position
In addition to having Niutech Environment 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 Defense Thematic Idea Now
Defense
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Defense theme has 16 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 Defense Theme or any other thematic opportunities.
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Other Information on Investing in Niutech Stock
To fully project Niutech Environment's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Niutech Environment 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 Niutech Environment's income statement, its balance sheet, and the statement of cash flows.