Goodyear Lastikleri Return On Equity vs. Net Income
| GOODY Stock | TRY 16.28 0.70 4.49% |
For Goodyear Lastikleri profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Goodyear Lastikleri to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Goodyear Lastikleri TAS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Goodyear Lastikleri's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Goodyear Lastikleri TAS over time as well as its relative position and ranking within its peers.
Goodyear |
Goodyear Lastikleri TAS Net Income vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Goodyear Lastikleri's current stock value. Our valuation model uses many indicators to compare Goodyear Lastikleri value to that of its competitors to determine the firm's financial worth. Goodyear Lastikleri TAS is rated # 5 in return on equity category among its peers. It also is rated # 5 in net income category among its peers making up about 1,017,626,912 of Net Income per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Goodyear Lastikleri by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Goodyear Lastikleri'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.Goodyear Net Income 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.
Goodyear Lastikleri |
| = | 0.36 |
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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Goodyear Lastikleri |
| = | 367.47 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Goodyear Net Income Comparison
Goodyear Lastikleri is currently under evaluation in net income category among its peers.
Goodyear Lastikleri Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Goodyear Lastikleri, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Goodyear Lastikleri will eventually generate negative long term returns. The profitability progress is the general direction of Goodyear Lastikleri's change in net profit over the period of time. It can combine multiple indicators of Goodyear Lastikleri, 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.
Goodyear Lastikleri T.A.S. develops, produces, distributes, and sells tires and tire related products under the Goodyear, Fulda, Sava, and Debica brands worldwide. Goodyear Lastikleri T.A.S. is a subsidiary of The Goodyear Tire Rubber Company. GOOD YEAR operates under Auto Parts classification in Turkey and is traded on Istanbul Stock Exchange. It employs 1703 people.
Goodyear Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Goodyear Lastikleri. 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 Goodyear Lastikleri 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 Goodyear Lastikleri's important profitability drivers and their relationship over time.
Use Goodyear Lastikleri 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 Goodyear Lastikleri 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 Goodyear Lastikleri will appreciate offsetting losses from the drop in the long position's value.Goodyear Lastikleri Pair Trading
Goodyear Lastikleri TAS Pair Trading Analysis
The ability to find closely correlated positions to Goodyear Lastikleri could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodyear Lastikleri 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 Goodyear Lastikleri - 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 Goodyear Lastikleri TAS to buy it.
The correlation of Goodyear Lastikleri 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 Goodyear Lastikleri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodyear Lastikleri TAS 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 Goodyear Lastikleri 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 Goodyear Lastikleri position
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Other Information on Investing in Goodyear Stock
To fully project Goodyear Lastikleri's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Goodyear Lastikleri TAS 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 Goodyear Lastikleri's income statement, its balance sheet, and the statement of cash flows.