Champion Iron Price To Book vs. Return On Asset
| CIA Stock | 5.73 0.09 1.60% |
For Champion Iron profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Champion Iron to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Champion Iron utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Champion Iron's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Champion Iron over time as well as its relative position and ranking within its peers.
Champion |
Champion Iron Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Champion Iron's current stock value. Our valuation model uses many indicators to compare Champion Iron value to that of its competitors to determine the firm's financial worth. Champion Iron is rated below average in price to book category among its peers. It is number one stock in return on asset category among its peers reporting about 0.06 of Return On Asset per Price To Book. The ratio of Price To Book to Return On Asset for Champion Iron is roughly 17.03 . 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 Champion Iron's earnings, one of the primary drivers of an investment's value.Champion Return On Asset vs. Price To Book
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.
Champion Iron |
| = | 1.84 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.
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.
Champion Iron |
| = | 0.11 |
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.
Champion Return On Asset Comparison
Champion Iron is currently under evaluation in return on asset category among its peers.
Champion Iron Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Champion Iron, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Champion Iron will eventually generate negative long term returns. The profitability progress is the general direction of Champion Iron's change in net profit over the period of time. It can combine multiple indicators of Champion 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 | 22.7 M | 23.9 M | |
| Operating Income | 429.2 M | 265.8 M | |
| Income Before Tax | 392.8 M | 239.1 M | |
| Total Other Income Expense Net | -36.4 M | -34.6 M | |
| Net Income | 234.2 M | 134.9 M | |
| Income Tax Expense | 158.6 M | 101.4 M | |
| Net Income From Continuing Ops | 234.2 M | 148 M | |
| Net Income Applicable To Common Shares | 230.8 M | 131.3 M | |
| Net Interest Income | -34 M | -32.3 M | |
| Interest Income | 14.4 M | 14.7 M | |
| Change To Netincome | 127.8 M | 134.2 M |
Champion Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Champion 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 Champion 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 Champion Iron's important profitability drivers and their relationship over time.
Use Champion 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 Champion 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 Champion Iron will appreciate offsetting losses from the drop in the long position's value.Champion Iron Pair Trading
Champion Iron Pair Trading Analysis
The ability to find closely correlated positions to Champion 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 Champion 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 Champion 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 Champion Iron to buy it.
The correlation of Champion 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 Champion Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Champion 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 Champion 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 Champion Iron position
In addition to having Champion 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?
Run Shipbuilding Railroad Equipment Thematic Idea Now
Shipbuilding Railroad Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipbuilding Railroad Equipment theme has 16 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 Shipbuilding Railroad Equipment Theme or any other thematic opportunities.
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Additional Tools for Champion Stock Analysis
When running Champion Iron's price analysis, check to measure Champion Iron'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 Champion Iron is operating at the current time. Most of Champion Iron's value examination focuses on studying past and present price action to predict the probability of Champion Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Champion Iron's price. Additionally, you may evaluate how the addition of Champion Iron to your portfolios can decrease your overall portfolio volatility.