California BanCorp Return On Asset vs. Price To Sales
Considering California BanCorp's profitability and operating efficiency indicators, California BanCorp may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess California BanCorp's ability to earn profits and add value for shareholders.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For California BanCorp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of California BanCorp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well California BanCorp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between California BanCorp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of California BanCorp over time as well as its relative position and ranking within its peers.
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California BanCorp Price To Sales vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining California BanCorp's current stock value. Our valuation model uses many indicators to compare California BanCorp value to that of its competitors to determine the firm's financial worth. California BanCorp is rated below average in return on asset category among its peers. It is rated below average in price to sales category among its peers fabricating about 761.75 of Price To Sales per Return On Asset. 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 California BanCorp's earnings, one of the primary drivers of an investment's value.California Price To Sales 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.
California BanCorp |
| = | 0.0044 |
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 Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
California BanCorp |
| = | 3.35 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
California Price To Sales Comparison
California BanCorp is currently under evaluation in price to sales category among its peers.
California BanCorp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in California BanCorp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, California BanCorp will eventually generate negative long term returns. The profitability progress is the general direction of California BanCorp's change in net profit over the period of time. It can combine multiple indicators of California BanCorp, 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.
California BanCorp operates as the bank holding company for California Bank of Commerce that provides commercial banking services in California. California BanCorp was incorporated in 2007 and is headquartered in Oakland, California. California BanCorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 150 people.
California Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on California BanCorp. 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 California BanCorp 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 California BanCorp's important profitability drivers and their relationship over time.
Use California BanCorp 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 California BanCorp 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 California BanCorp will appreciate offsetting losses from the drop in the long position's value.California BanCorp Pair Trading
California BanCorp Pair Trading Analysis
The ability to find closely correlated positions to California BanCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California BanCorp 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 California BanCorp - 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 California BanCorp to buy it.
The correlation of California BanCorp 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 California BanCorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California BanCorp 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 California BanCorp 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 California BanCorp position
In addition to having California BanCorp 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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A long-term portfolio of publicly-traded stocks on US exchanges that are owned by Warren Buffett's holding company Berkshire Hathaway. The Warren Buffett Holdings theme has 45 constituents at this time.
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Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Consideration for investing in California Stock
If you are still planning to invest in California BanCorp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the California BanCorp's history and understand the potential risks before investing.
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