Eureka Group Price To Sales vs. Gross Profit
| EGH Stock | 0.59 0.00 0.00% |
For Eureka Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eureka Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eureka Group Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eureka Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eureka Group Holdings over time as well as its relative position and ranking within its peers.
Eureka |
Eureka Group Holdings Gross Profit vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eureka Group's current stock value. Our valuation model uses many indicators to compare Eureka Group value to that of its competitors to determine the firm's financial worth. Eureka Group Holdings is one of the top stocks in price to sales category among its peers. It also is one of the top stocks in gross profit category among its peers fabricating about 2,268,946 of Gross Profit 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 Eureka Group's earnings, one of the primary drivers of an investment's value.Eureka Gross Profit 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.
Eureka Group |
| = | 5.93 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.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Eureka Group |
| = | 13.45 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Eureka Gross Profit Comparison
Eureka Group is currently under evaluation in gross profit category among its peers.
Eureka Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eureka Group. 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 Eureka Group 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 Eureka Group's important profitability drivers and their relationship over time.
Use Eureka Group 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 Eureka Group 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 Eureka Group will appreciate offsetting losses from the drop in the long position's value.Eureka Group Pair Trading
Eureka Group Holdings Pair Trading Analysis
The ability to find closely correlated positions to Eureka Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eureka Group 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 Eureka Group - 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 Eureka Group Holdings to buy it.
The correlation of Eureka Group 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 Eureka Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eureka Group Holdings 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 Eureka Group 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 Eureka Group position
In addition to having Eureka Group 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 Office Supplies Thematic Idea Now
Office Supplies
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 37 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 Office Supplies Theme or any other thematic opportunities.
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Additional Tools for Eureka Stock Analysis
When running Eureka Group's price analysis, check to measure Eureka Group'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 Eureka Group is operating at the current time. Most of Eureka Group's value examination focuses on studying past and present price action to predict the probability of Eureka Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eureka Group's price. Additionally, you may evaluate how the addition of Eureka Group to your portfolios can decrease your overall portfolio volatility.