Boliden AB Return On Asset vs. Price To Book
| BDNNY Stock | USD 59.35 0.38 0.64% |
For Boliden AB profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Boliden AB to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Boliden AB ADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Boliden AB's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Boliden AB ADR over time as well as its relative position and ranking within its peers.
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Boliden AB ADR Price To Book vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Boliden AB's current stock value. Our valuation model uses many indicators to compare Boliden AB value to that of its competitors to determine the firm's financial worth. Boliden AB ADR is number one stock in return on asset category among its peers. It is rated below average in price to book category among its peers fabricating about 17.24 of Price To Book per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Boliden AB by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Boliden AB'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.Boliden Price To Book vs. Return On Asset
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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| = | 0.12 |
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.
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.
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| = | 2.01 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.
Boliden Price To Book Comparison
Boliden AB is currently under evaluation in price to book category among its peers.
Boliden AB Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Boliden AB, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Boliden AB will eventually generate negative long term returns. The profitability progress is the general direction of Boliden AB's change in net profit over the period of time. It can combine multiple indicators of Boliden AB, 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.
Boliden AB engages in the exploring, extracting, and processing of base metals and precious metals in Sweden, other Nordic region, Germany, the United Kingdom, the rest of Europe, North America, and internationally. Boliden AB was founded in 1924 and is headquartered in Stockholm, Sweden. Boliden Ab operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 6268 people.
Boliden Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Boliden AB. 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 Boliden AB 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 Boliden AB's important profitability drivers and their relationship over time.
Use Boliden AB 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 Boliden AB 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 Boliden AB will appreciate offsetting losses from the drop in the long position's value.Boliden AB Pair Trading
Boliden AB ADR Pair Trading Analysis
The ability to find closely correlated positions to Boliden AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boliden AB 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 Boliden AB - 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 Boliden AB ADR to buy it.
The correlation of Boliden AB 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 Boliden AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boliden AB ADR 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 Boliden AB 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 Boliden AB position
In addition to having Boliden AB 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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Additional Tools for Boliden Pink Sheet Analysis
When running Boliden AB's price analysis, check to measure Boliden AB'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 Boliden AB is operating at the current time. Most of Boliden AB's value examination focuses on studying past and present price action to predict the probability of Boliden AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boliden AB's price. Additionally, you may evaluate how the addition of Boliden AB to your portfolios can decrease your overall portfolio volatility.