Golan Plastic Return On Asset vs. Cash Per Share
| GLPL Stock | ILS 1,115 4.00 0.36% |
For Golan Plastic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Golan Plastic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Golan Plastic utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Golan Plastic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Golan Plastic over time as well as its relative position and ranking within its peers.
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Golan Plastic Cash Per Share vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Golan Plastic's current stock value. Our valuation model uses many indicators to compare Golan Plastic value to that of its competitors to determine the firm's financial worth. Golan Plastic 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 7.27 of Cash Per Share per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Golan Plastic by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Golan Plastic'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.Golan 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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| = | 0.0605 |
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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| = | 0.44 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.
Golan Cash Per Share Comparison
Golan Plastic is currently under evaluation in cash per share category among its peers.
Golan Plastic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Golan Plastic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Golan Plastic will eventually generate negative long term returns. The profitability progress is the general direction of Golan Plastic's change in net profit over the period of time. It can combine multiple indicators of Golan Plastic, 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.
Golan Plastic Products Ltd. engages in the production and sale of PE-Xa piping solutions under the Pexgol brand name worldwide. Golan Plastic Products Ltd. is a subsidiary of Kibbutz Shaar Hagolan. GOLAN PLASTIC is traded on Tel Aviv Stock Exchange in Israel.
Golan Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Golan Plastic. 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 Golan Plastic 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 Golan Plastic's important profitability drivers and their relationship over time.
Use Golan Plastic 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 Golan Plastic 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 Golan Plastic will appreciate offsetting losses from the drop in the long position's value.Golan Plastic Pair Trading
Golan Plastic Pair Trading Analysis
The ability to find closely correlated positions to Golan Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golan Plastic 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 Golan Plastic - 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 Golan Plastic to buy it.
The correlation of Golan Plastic 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 Golan Plastic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golan Plastic 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 Golan Plastic 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 Golan Plastic position
In addition to having Golan Plastic 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 Aircraft Thematic Idea Now
Aircraft
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Aircraft theme has 45 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 Aircraft Theme or any other thematic opportunities.
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Other Information on Investing in Golan Stock
To fully project Golan Plastic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Golan Plastic 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 Golan Plastic's income statement, its balance sheet, and the statement of cash flows.