Tritium DCFC Net Income vs. Beta
| DCFCWDelisted Stock | USD 0.02 0.00 0.00% |
For Tritium DCFC profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tritium DCFC to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tritium DCFC Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tritium DCFC's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tritium DCFC Limited over time as well as its relative position and ranking within its peers.
Tritium |
Tritium DCFC Limited Beta vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Tritium DCFC's current stock value. Our valuation model uses many indicators to compare Tritium DCFC value to that of its competitors to determine the firm's financial worth. Tritium DCFC Limited is rated # 5 in net income category among its peers. It is rated below average in beta category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Tritium DCFC by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Tritium Beta vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Tritium DCFC |
| = | (121.37 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Tritium DCFC |
| = | 1.12 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Tritium Beta Comparison
Tritium DCFC is currently under evaluation in beta category among its peers.
Beta Analysis
Tritium DCFC returns are very sensitive to returns on the market. As the market goes up or down, Tritium DCFC is expected to follow.
Tritium DCFC Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Tritium DCFC, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Tritium DCFC will eventually generate negative long term returns. The profitability progress is the general direction of Tritium DCFC's change in net profit over the period of time. It can combine multiple indicators of Tritium DCFC, 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.
Tritium Pty Ltd. designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, Europe, Australia, and internationally. The company was founded in 2001 and is based in Murarrie, Australia. Tritium Dcfc operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. It employs 314 people.
Tritium Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Tritium DCFC. 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 Tritium DCFC 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 Tritium DCFC's important profitability drivers and their relationship over time.
Use Tritium DCFC 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 Tritium DCFC 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 Tritium DCFC will appreciate offsetting losses from the drop in the long position's value.Tritium DCFC Pair Trading
Tritium DCFC Limited Pair Trading Analysis
The ability to find closely correlated positions to Tritium DCFC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tritium DCFC 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 Tritium DCFC - 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 Tritium DCFC Limited to buy it.
The correlation of Tritium DCFC 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 Tritium DCFC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tritium DCFC Limited 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 Tritium DCFC 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 Tritium DCFC position
In addition to having Tritium DCFC 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 Sovereign ETFs Thematic Idea Now
Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Sovereign ETFs theme has 17 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 Sovereign ETFs Theme or any other thematic opportunities.
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Check out Investing Opportunities 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 main economic indicators. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Other Consideration for investing in Tritium Stock
If you are still planning to invest in Tritium DCFC Limited 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 Tritium DCFC's history and understand the potential risks before investing.
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