Bendigo Cash Flow From Operations vs. Beta
| BENPH Preferred Stock | 104.12 0.37 0.36% |
For Bendigo profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bendigo to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bendigo and Adelaide utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bendigo's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bendigo and Adelaide over time as well as its relative position and ranking within its peers.
Bendigo |
Bendigo and Adelaide Beta vs. Cash Flow From Operations Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bendigo's current stock value. Our valuation model uses many indicators to compare Bendigo value to that of its competitors to determine the firm's financial worth. Bendigo and Adelaide is rated below average in cash flow from operations category among its peers. It is number one stock in beta category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Bendigo by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bendigo's Preferred 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.Bendigo Beta vs. Cash Flow From Operations
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
Bendigo |
| = | (11.62 B) |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Bendigo |
| = | 1.08 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Bendigo Beta Comparison
Bendigo is currently under evaluation in beta category among its peers.
Beta Analysis
Bendigo returns are very sensitive to returns on the market. As the market goes up or down, Bendigo is expected to follow.
Bendigo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bendigo. 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 Bendigo 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 Bendigo's important profitability drivers and their relationship over time.
Use Bendigo 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 Bendigo 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 Bendigo will appreciate offsetting losses from the drop in the long position's value.Bendigo Pair Trading
Bendigo and Adelaide Pair Trading Analysis
The ability to find closely correlated positions to Bendigo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bendigo 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 Bendigo - 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 Bendigo and Adelaide to buy it.
The correlation of Bendigo 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 Bendigo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bendigo and Adelaide 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 Bendigo 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 Bendigo position
In addition to having Bendigo 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 Single Stock ETFs Thematic Idea Now
Single Stock ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Single Stock ETFs theme has 100 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 Single Stock ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Bendigo Preferred Stock
To fully project Bendigo's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bendigo and Adelaide 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 Bendigo's income statement, its balance sheet, and the statement of cash flows.