Entra ASA Return On Asset vs. Cash Per Share
| ENTRA Stock | NOK 121.40 1.20 1.00% |
For Entra ASA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Entra ASA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Entra ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Entra ASA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Entra ASA over time as well as its relative position and ranking within its peers.
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Entra ASA Cash Per Share vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Entra ASA's current stock value. Our valuation model uses many indicators to compare Entra ASA value to that of its competitors to determine the firm's financial worth. Entra ASA is one of the top stocks in return on asset category among its peers. It also is one of the top stocks in cash per share category among its peers fabricating about 55.19 of Cash Per Share per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Entra ASA by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Entra 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.Entra 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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| = | 0.0212 |
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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| = | 1.17 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.
Entra Cash Per Share Comparison
Entra ASA is currently under evaluation in cash per share category among its peers.
Entra ASA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Entra ASA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Entra ASA will eventually generate negative long term returns. The profitability progress is the general direction of Entra ASA's change in net profit over the period of time. It can combine multiple indicators of Entra 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.
Entra ASA owns, develops, and manages office properties in Norway. The company was founded in 2000 and is headquartered in Oslo, Norway. ENTRA ASA operates under Office Commercial And Industrial Real Estate classification in Norway and is traded on Oslo Stock Exchange. It employs 170 people.
Entra Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Entra 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 Entra 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 Entra ASA's important profitability drivers and their relationship over time.
Use Entra 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 Entra 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 Entra ASA will appreciate offsetting losses from the drop in the long position's value.Entra ASA Pair Trading
Entra ASA Pair Trading Analysis
The ability to find closely correlated positions to Entra 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 Entra 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 Entra 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 Entra ASA to buy it.
The correlation of Entra 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 Entra ASA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entra 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 Entra 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 Entra ASA position
In addition to having Entra 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?
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Other Information on Investing in Entra Stock
To fully project Entra ASA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Entra 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 Entra ASA's income statement, its balance sheet, and the statement of cash flows.