Grenke AG Price To Book vs. Return On Asset
| GLJ Stock | 15.82 0.26 1.67% |
For Grenke AG profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Grenke AG to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Grenke AG utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Grenke AG's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Grenke AG over time as well as its relative position and ranking within its peers.
Grenke |
Grenke AG Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Grenke AG's current stock value. Our valuation model uses many indicators to compare Grenke AG value to that of its competitors to determine the firm's financial worth. Grenke AG is rated # 3 in price to book category among its peers. It is one of the top stocks in return on asset category among its peers reporting about 0.02 of Return On Asset per Price To Book. The ratio of Price To Book to Return On Asset for Grenke AG is roughly 45.55 . 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 Grenke AG's earnings, one of the primary drivers of an investment's value.Grenke Return On Asset vs. Price To Book
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.
Grenke AG |
| = | 0.72 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.
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.
Grenke AG |
| = | 0.0159 |
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.
Grenke Return On Asset Comparison
Grenke AG is currently under evaluation in return on asset category among its peers.
Grenke Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Grenke AG. 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 Grenke AG 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 Grenke AG's important profitability drivers and their relationship over time.
Use Grenke AG 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 Grenke AG 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 Grenke AG will appreciate offsetting losses from the drop in the long position's value.Grenke AG Pair Trading
Grenke AG Pair Trading Analysis
The ability to find closely correlated positions to Grenke AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grenke AG 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 Grenke AG - 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 Grenke AG to buy it.
The correlation of Grenke AG 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 Grenke AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grenke AG 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 Grenke AG 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 Grenke AG position
In addition to having Grenke AG 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 Asset Management Thematic Idea Now
Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 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 Asset Management Theme or any other thematic opportunities.
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Additional Tools for Grenke Stock Analysis
When running Grenke AG's price analysis, check to measure Grenke AG'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 Grenke AG is operating at the current time. Most of Grenke AG's value examination focuses on studying past and present price action to predict the probability of Grenke AG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grenke AG's price. Additionally, you may evaluate how the addition of Grenke AG to your portfolios can decrease your overall portfolio volatility.