Alternus Energy Return On Equity vs. Revenue
| ALT Stock | 0.38 0.02 5.00% |
For Alternus Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alternus Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alternus Energy Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alternus Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alternus Energy Group over time as well as its relative position and ranking within its peers.
Alternus |
Alternus Energy Group Revenue vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Alternus Energy's current stock value. Our valuation model uses many indicators to compare Alternus Energy value to that of its competitors to determine the firm's financial worth. Alternus Energy Group is rated below average in return on equity category among its peers. It also is rated below average in revenue category among its peers . 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 Alternus Energy's earnings, one of the primary drivers of an investment's value.Alternus Revenue 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.
Alternus Energy |
| = | -0.2 |
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.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Alternus Energy |
| = | 7.45 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Alternus Revenue vs Competition
Alternus Energy Group is rated below average in revenue category among its peers. Market size based on revenue of Utilities-Renewable industry is presently estimated at about 210 Billion. Alternus Energy adds roughly 7.45 Million in revenue claiming only tiny portion of Utilities-Renewable industry.
Alternus Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Alternus Energy. 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 Alternus Energy 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 Alternus Energy's important profitability drivers and their relationship over time.
Use Alternus Energy 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 Alternus Energy 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 Alternus Energy will appreciate offsetting losses from the drop in the long position's value.Alternus Energy Pair Trading
Alternus Energy Group Pair Trading Analysis
The ability to find closely correlated positions to Alternus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alternus Energy 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 Alternus Energy - 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 Alternus Energy Group to buy it.
The correlation of Alternus Energy 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 Alternus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alternus Energy Group 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 Alternus Energy 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 Alternus Energy position
In addition to having Alternus Energy 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 Processed Foods Thematic Idea Now
Processed Foods
Companies producing and distributing processed foods to retail sectors. The Processed Foods theme has 46 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 Processed Foods Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Information and Resources on Investing in Alternus Stock
When determining whether Alternus Energy Group is a strong investment it is important to analyze Alternus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alternus Energy's future performance. For an informed investment choice regarding Alternus Stock, refer to the following important reports:Check out Trending Equities. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
To fully project Alternus Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alternus Energy Group 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 Alternus Energy's income statement, its balance sheet, and the statement of cash flows.