Akshar Spintex Return On Equity vs. Price To Book
| AKSHAR Stock | 0.72 0.01 1.41% |
For Akshar Spintex profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Akshar Spintex to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Akshar Spintex Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Akshar Spintex's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Akshar Spintex Limited over time as well as its relative position and ranking within its peers.
Akshar |
Akshar Spintex Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Akshar Spintex's current stock value. Our valuation model uses many indicators to compare Akshar Spintex value to that of its competitors to determine the firm's financial worth. Akshar Spintex Limited is rated fifth in return on equity category among its peers. It is number one stock in price to book category among its peers fabricating about 16.37 of Price To Book per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Akshar Spintex by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Akshar Spintex'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.Akshar 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.
Akshar Spintex |
| = | 0.0818 |
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.
Akshar Spintex |
| = | 1.34 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.
Akshar Price To Book Comparison
Akshar Spintex is currently under evaluation in price to book category among its peers.
Akshar Spintex Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Akshar Spintex, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Akshar Spintex will eventually generate negative long term returns. The profitability progress is the general direction of Akshar Spintex's change in net profit over the period of time. It can combine multiple indicators of Akshar Spintex, 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 | ||
| Accumulated Other Comprehensive Income | 4.2 M | 4.5 M | |
| Operating Income | 224.5 M | 235.7 M | |
| Income Before Tax | 50.2 M | 52.7 M | |
| Total Other Income Expense Net | -174.3 M | -165.6 M | |
| Net Income | 34.6 M | 20.7 M | |
| Income Tax Expense | 15.6 M | 16.4 M | |
| Net Interest Income | -13.3 M | -14 M | |
| Interest Income | 491.4 K | 643.7 K | |
| Net Income From Continuing Ops | 34.6 M | 36.3 M | |
| Net Loss | -31.8 M | -30.2 M | |
| Change To Netincome | -3.6 M | -3.4 M |
Akshar Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Akshar Spintex. 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 Akshar Spintex 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 Akshar Spintex's important profitability drivers and their relationship over time.
Use Akshar Spintex 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 Akshar Spintex 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 Akshar Spintex will appreciate offsetting losses from the drop in the long position's value.Akshar Spintex Pair Trading
Akshar Spintex Limited Pair Trading Analysis
The ability to find closely correlated positions to Akshar Spintex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akshar Spintex 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 Akshar Spintex - 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 Akshar Spintex Limited to buy it.
The correlation of Akshar Spintex 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 Akshar Spintex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akshar Spintex 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 Akshar Spintex 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 Akshar Spintex position
In addition to having Akshar Spintex 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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Other Information on Investing in Akshar Stock
To fully project Akshar Spintex's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Akshar Spintex 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 Akshar Spintex's income statement, its balance sheet, and the statement of cash flows.