Black Iron Return On Equity vs. Price To Book
| BKI Stock | CAD 0.09 0.01 5.56% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 10.26901766 | Current Value 10.78 | Quarterly Volatility 4.54239244 |
For Black Iron profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Black Iron to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Black Iron utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Black Iron's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Black Iron over time as well as its relative position and ranking within its peers.
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Black Iron Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Black Iron's current stock value. Our valuation model uses many indicators to compare Black Iron value to that of its competitors to determine the firm's financial worth. Black Iron is rated fourth in return on equity category among its peers. It is number one stock in price to book category among its peers . At this time, Black Iron's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Black Iron by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Black Iron'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.Black 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.
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| = | -8.35 |
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.
Black Iron |
| = | 58.26 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.
Black Price To Book Comparison
Black Iron is currently under evaluation in price to book category among its peers.
Black Iron Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Black Iron, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Black Iron will eventually generate negative long term returns. The profitability progress is the general direction of Black Iron's change in net profit over the period of time. It can combine multiple indicators of Black Iron, 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 | -187.4 K | -196.7 K | |
| Operating Income | -1.5 M | -1.6 M | |
| Income Before Tax | -1.6 M | -1.7 M | |
| Total Other Income Expense Net | -74.2 K | -77.9 K | |
| Net Loss | -1.6 M | -1.7 M | |
| Income Tax Expense | -15.9 K | -15.1 K | |
| Net Loss | -1.6 M | -1.7 M | |
| Net Loss | -4 M | -4.2 M | |
| Interest Income | 26.5 K | 25.2 K | |
| Net Interest Income | 26.5 K | 27.9 K | |
| Change To Netincome | 238.8 K | 226.8 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.77 | 0.59 | |
| Net Income Per E B T | 0.90 | 0.78 |
Black Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Black Iron. 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 Black Iron 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 Black Iron's important profitability drivers and their relationship over time.
Use Black Iron 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 Black Iron 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 Black Iron will appreciate offsetting losses from the drop in the long position's value.Black Iron Pair Trading
Black Iron Pair Trading Analysis
The ability to find closely correlated positions to Black Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Iron 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 Black Iron - 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 Black Iron to buy it.
The correlation of Black Iron 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 Black Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Iron 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 Black Iron 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 Black Iron position
In addition to having Black Iron 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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Air
Companies specializing in air services and air delivery. The Air theme has 42 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 Air Theme or any other thematic opportunities.
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Other Information on Investing in Black Stock
To fully project Black Iron's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Black Iron 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 Black Iron's income statement, its balance sheet, and the statement of cash flows.