Commonwealth Australia/new Price To Sales vs. Price To Book
| CNZLX Fund | USD 10.99 0.04 0.36% |
For Commonwealth Australia/new profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Commonwealth Australia/new to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Commonwealth Australianew Zealand utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Commonwealth Australia/new's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Commonwealth Australianew Zealand over time as well as its relative position and ranking within its peers.
Commonwealth |
Commonwealth Australia/new Price To Book vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Commonwealth Australia/new's current stock value. Our valuation model uses many indicators to compare Commonwealth Australia/new value to that of its competitors to determine the firm's financial worth. Commonwealth Australianew Zealand is the top fund in price to sales among similar funds. It also is the top fund in price to book among similar funds fabricating about 1.10 of Price To Book per Price To Sales. 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 Commonwealth Australia/new's earnings, one of the primary drivers of an investment's value.Commonwealth Price To Book vs. Price To Sales
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.
Commonwealth Australia/new |
| = | 1.66 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.
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.
Commonwealth Australia/new |
| = | 1.83 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.
Commonwealth Price To Book Comparison
Commonwealth Australianew is currently under evaluation in price to book among similar funds.
Commonwealth Australia/new Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Commonwealth Australia/new, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Commonwealth Australia/new will eventually generate negative long term returns. The profitability progress is the general direction of Commonwealth Australia/new's change in net profit over the period of time. It can combine multiple indicators of Commonwealth Australia/new, 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.
The fund normally invests at least 80 percent of its net assets in the securities of, and depositary receipts , Global Depositary Receipts , and European Depositary Receipts represented by, Australian and New Zealand issuers that are tied economically to Australia or New Zealand. It may invest in shares of other investment companies, including open-end and closed-end funds and exchange-traded funds.
Commonwealth Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Commonwealth Australia/new. 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 Commonwealth Australia/new 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 Commonwealth Australia/new's important profitability drivers and their relationship over time.
Use Commonwealth Australia/new 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 Commonwealth Australia/new 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 Commonwealth Australia/new will appreciate offsetting losses from the drop in the long position's value.Commonwealth Australia/new Pair Trading
Commonwealth Australianew Zealand Pair Trading Analysis
The ability to find closely correlated positions to Commonwealth Australia/new could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commonwealth Australia/new 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 Commonwealth Australia/new - 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 Commonwealth Australianew Zealand to buy it.
The correlation of Commonwealth Australia/new 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 Commonwealth Australia/new moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commonwealth Australia/new 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 Commonwealth Australia/new 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 Commonwealth Australia/new position
In addition to having Commonwealth Australia/new 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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Diversified Assets
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Other Information on Investing in Commonwealth Mutual Fund
To fully project Commonwealth Australia/new's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Commonwealth Australia/new 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 Commonwealth Australia/new's income statement, its balance sheet, and the statement of cash flows.
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