Concentric Return On Asset vs. Cash Per Share
| COIC Stock | SEK 230.00 1.00 0.44% |
For Concentric profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Concentric to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Concentric AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Concentric's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Concentric AB over time as well as its relative position and ranking within its peers.
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Concentric AB Cash Per Share vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Concentric's current stock value. Our valuation model uses many indicators to compare Concentric value to that of its competitors to determine the firm's financial worth. Concentric AB is number one stock in return on asset category among its peers. It also is number one stock in cash per share category among its peers fabricating about 192.46 of Cash Per Share 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 Concentric's earnings, one of the primary drivers of an investment's value.Concentric Cash Per Share 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.
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| = | 0.0915 |
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.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 17.61 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Concentric Cash Per Share Comparison
Concentric is currently under evaluation in cash per share category among its peers.
Concentric Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Concentric, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Concentric will eventually generate negative long term returns. The profitability progress is the general direction of Concentric's change in net profit over the period of time. It can combine multiple indicators of Concentric, 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.
Concentric AB designs, develops, manufactures, and distributes engine and hydraulic products in the Americas, Europe, and internationally. The company was founded in 1921 and is headquartered in Linkping, Sweden. Concentric operates under Engines And Heavy Machinery classification in Sweden and is traded on Stockholm Stock Exchange. It employs 893 people.
Concentric Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Concentric. 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 Concentric 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 Concentric's important profitability drivers and their relationship over time.
Use Concentric 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 Concentric 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 Concentric will appreciate offsetting losses from the drop in the long position's value.Concentric Pair Trading
Concentric AB Pair Trading Analysis
The ability to find closely correlated positions to Concentric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Concentric 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 Concentric - 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 Concentric AB to buy it.
The correlation of Concentric 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 Concentric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Concentric AB 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 Concentric 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 Concentric position
In addition to having Concentric 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 Chemicals Thematic Idea Now
Chemicals
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Chemicals theme has 61 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 Chemicals Theme or any other thematic opportunities.
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Additional Tools for Concentric Stock Analysis
When running Concentric's price analysis, check to measure Concentric'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 Concentric is operating at the current time. Most of Concentric's value examination focuses on studying past and present price action to predict the probability of Concentric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Concentric's price. Additionally, you may evaluate how the addition of Concentric to your portfolios can decrease your overall portfolio volatility.