Endur ASA Cash Per Share vs. Return On Asset
| ENDUR Stock | NOK 63.00 0.20 0.32% |
For Endur ASA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Endur ASA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Endur ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Endur ASA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Endur ASA over time as well as its relative position and ranking within its peers.
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Endur ASA Return On Asset vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Endur ASA's current stock value. Our valuation model uses many indicators to compare Endur ASA value to that of its competitors to determine the firm's financial worth. Endur ASA is one of the top stocks in cash per share category among its peers. It also is one of the top stocks in return on asset category among its peers . The ratio of Cash Per Share to Return On Asset for Endur ASA is about 468.70 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Endur ASA by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Endur ASA's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Endur Return On Asset vs. Cash Per Share
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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| = | 12.28 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.
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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| = | 0.0262 |
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.
Endur Return On Asset Comparison
Endur ASA is currently under evaluation in return on asset category among its peers.
Endur ASA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Endur ASA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Endur ASA will eventually generate negative long term returns. The profitability progress is the general direction of Endur ASA's change in net profit over the period of time. It can combine multiple indicators of Endur ASA, 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.
Endr ASA operates as a supplier of construction and maintenance projects, services, and solutions for marine infrastructure businesses in Norway and internationally. Endr ASA was founded in 2007 and is headquartered in Bergen, Norway. ENDUR ASA is traded on Oslo Stock Exchange in Norway.
Endur Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Endur ASA. 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 Endur ASA 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 Endur ASA's important profitability drivers and their relationship over time.
Use Endur ASA 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 Endur ASA 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 Endur ASA will appreciate offsetting losses from the drop in the long position's value.Endur ASA Pair Trading
Endur ASA Pair Trading Analysis
The ability to find closely correlated positions to Endur ASA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endur ASA 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 Endur ASA - 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 Endur ASA to buy it.
The correlation of Endur ASA 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 Endur ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endur ASA 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 Endur ASA 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 Endur ASA position
In addition to having Endur ASA 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 Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 48 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 Rentals Theme or any other thematic opportunities.
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Other Information on Investing in Endur Stock
To fully project Endur ASA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Endur ASA 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 Endur ASA's income statement, its balance sheet, and the statement of cash flows.