Eastern Technical Return On Equity vs. Price To Book
| ETE Stock | THB 0.92 0.03 3.16% |
For Eastern Technical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eastern Technical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eastern Technical Engineering utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eastern Technical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eastern Technical Engineering over time as well as its relative position and ranking within its peers.
Eastern |
Eastern Technical Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eastern Technical's current stock value. Our valuation model uses many indicators to compare Eastern Technical value to that of its competitors to determine the firm's financial worth. Eastern Technical Engineering is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in price to book category among its peers . 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 Eastern Technical's earnings, one of the primary drivers of an investment's value.Eastern Price To Book vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Eastern Technical |
| = | -0.0035 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Eastern Technical |
| = | 0.77 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Eastern Price To Book Comparison
Eastern Technical is currently under evaluation in price to book category among its peers.
Eastern Technical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eastern Technical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eastern Technical will eventually generate negative long term returns. The profitability progress is the general direction of Eastern Technical's change in net profit over the period of time. It can combine multiple indicators of Eastern Technical, 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.
Eastern Technical Engineering Public Company Limited provides installation services for telecommunication and electricity transmission networks in Thailand. Eastern Technical Engineering Public Company Limited was incorporated in 1997 and is based in Bangkok, Thailand. EASTERN TECHNICAL operates under Conglomerates classification in Thailand and is traded on Stock Exchange of Thailand.
Eastern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eastern Technical. 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 Eastern Technical 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 Eastern Technical's important profitability drivers and their relationship over time.
Use Eastern Technical 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 Eastern Technical 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 Eastern Technical will appreciate offsetting losses from the drop in the long position's value.Eastern Technical Pair Trading
Eastern Technical Engineering Pair Trading Analysis
The ability to find closely correlated positions to Eastern Technical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastern Technical 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 Eastern Technical - 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 Eastern Technical Engineering to buy it.
The correlation of Eastern Technical 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 Eastern Technical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastern Technical 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 Eastern Technical 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 Eastern Technical position
In addition to having Eastern Technical 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 Millennials Best Thematic Idea Now
Millennials Best
Companies or funds that provide products or services that appeal to the generation of millennials and that are expected to experience growth in the next 5 years. The millennial generation usually refers to the demographic population that were born between 1980 to 2000. The Millennials Best theme has 77 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 Millennials Best Theme or any other thematic opportunities.
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Other Information on Investing in Eastern Stock
To fully project Eastern Technical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eastern Technical 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 Eastern Technical's income statement, its balance sheet, and the statement of cash flows.