Ashtead Gro Return On Equity vs. Revenue
| ASHTY Stock | USD 325.83 3.76 1.17% |
For Ashtead Gro profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ashtead Gro to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ashtead Gro utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ashtead Gro's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ashtead Gro over time as well as its relative position and ranking within its peers.
Ashtead |
Ashtead Gro Revenue vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ashtead Gro's current stock value. Our valuation model uses many indicators to compare Ashtead Gro value to that of its competitors to determine the firm's financial worth. Ashtead Gro is number one stock in return on equity category among its peers. It also is the top company in revenue category among its peers totaling about 27,101,089,176 of Revenue per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ashtead Gro by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ashtead Gro's Pink Sheet. 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.Ashtead 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.
Ashtead Gro |
| = | 0.29 |
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.
Ashtead Gro |
| = | 7.96 B |
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.
Ashtead Revenue vs Competition
Ashtead Gro is the top company in revenue category among its peers. Market size based on revenue of Rental & Leasing Services industry is presently estimated at about 51.33 Billion. Ashtead Gro retains roughly 7.96 Billion in revenue claiming about 16% of equities listed under Rental & Leasing Services industry.
Ashtead Gro Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ashtead Gro, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ashtead Gro will eventually generate negative long term returns. The profitability progress is the general direction of Ashtead Gro's change in net profit over the period of time. It can combine multiple indicators of Ashtead Gro, 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.
Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. The company was founded in 1947 and is headquartered in London, the United Kingdom. Ashtead Group is traded on OTC Exchange in the United States.
Ashtead Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ashtead Gro. 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 Ashtead Gro 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 Ashtead Gro's important profitability drivers and their relationship over time.
Use Ashtead Gro 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 Ashtead Gro 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 Ashtead Gro will appreciate offsetting losses from the drop in the long position's value.Ashtead Gro Pair Trading
Ashtead Gro Pair Trading Analysis
The ability to find closely correlated positions to Ashtead Gro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashtead Gro 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 Ashtead Gro - 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 Ashtead Gro to buy it.
The correlation of Ashtead Gro 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 Ashtead Gro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashtead Gro 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 Ashtead Gro 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 Ashtead Gro position
In addition to having Ashtead Gro 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 Asset Management Thematic Idea Now
Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 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 Asset Management Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for Ashtead Pink Sheet Analysis
When running Ashtead Gro's price analysis, check to measure Ashtead Gro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ashtead Gro is operating at the current time. Most of Ashtead Gro's value examination focuses on studying past and present price action to predict the probability of Ashtead Gro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashtead Gro's price. Additionally, you may evaluate how the addition of Ashtead Gro to your portfolios can decrease your overall portfolio volatility.