AJ Plast Price To Sales vs. Return On Asset
| AJ Stock | 4.80 0.02 0.41% |
For AJ Plast profitability analysis, we use financial ratios and fundamental drivers that measure the ability of AJ Plast to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well AJ Plast Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between AJ Plast's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of AJ Plast Public over time as well as its relative position and ranking within its peers.
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AJ Plast Public Return On Asset vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining AJ Plast's current stock value. Our valuation model uses many indicators to compare AJ Plast value to that of its competitors to determine the firm's financial worth. AJ Plast Public is number one stock in price to sales category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.04 of Return On Asset per Price To Sales. The ratio of Price To Sales to Return On Asset for AJ Plast Public is roughly 23.76 . 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 AJ Plast's earnings, one of the primary drivers of an investment's value.AJ Plast Return On Asset vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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| = | 0.53 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
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| = | 0.0224 |
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.
AJ Plast Return On Asset Comparison
AJ Plast is currently under evaluation in return on asset category among its peers.
AJ Plast Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on AJ Plast. 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 AJ Plast 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 AJ Plast's important profitability drivers and their relationship over time.
Use AJ Plast 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 AJ Plast 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 AJ Plast will appreciate offsetting losses from the drop in the long position's value.AJ Plast Pair Trading
AJ Plast Public Pair Trading Analysis
The ability to find closely correlated positions to AJ Plast could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AJ Plast 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 AJ Plast - 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 AJ Plast Public to buy it.
The correlation of AJ Plast 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 AJ Plast moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AJ Plast Public 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 AJ Plast 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 AJ Plast position
In addition to having AJ Plast 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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Social Domain
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Other Information on Investing in AJ Plast Stock
To fully project AJ Plast's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of AJ Plast Public 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 AJ Plast's income statement, its balance sheet, and the statement of cash flows.