Haynes International Return On Asset vs. Price To Sales
| HAYNDelisted Stock | USD 60.99 0.01 0.02% |
For Haynes International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Haynes International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Haynes International utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Haynes International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Haynes International over time as well as its relative position and ranking within its peers.
Haynes |
Haynes International Price To Sales vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Haynes International's current stock value. Our valuation model uses many indicators to compare Haynes International value to that of its competitors to determine the firm's financial worth. Haynes International is rated # 5 in return on asset category among its peers. It also is rated # 5 in price to sales category among its peers fabricating about 25.96 of Price To Sales per Return On Asset. 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 Haynes International's earnings, one of the primary drivers of an investment's value.Haynes Price To Sales 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.
Haynes International |
| = | 0.0489 |
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.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Haynes International |
| = | 1.27 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Haynes Price To Sales Comparison
Haynes International is currently under evaluation in price to sales category among its peers.
Haynes International Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Haynes International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Haynes International will eventually generate negative long term returns. The profitability progress is the general direction of Haynes International's change in net profit over the period of time. It can combine multiple indicators of Haynes International, 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.
Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. Haynes International, Inc. was founded in 1912 and is headquartered in Kokomo, Indiana. Haynes Intl operates under Metal Fabrication classification in the United States and is traded on NASDAQ Exchange. It employs 1073 people.
Haynes Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Haynes International. 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 Haynes International 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 Haynes International's important profitability drivers and their relationship over time.
Use Haynes International 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 Haynes International 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 Haynes International will appreciate offsetting losses from the drop in the long position's value.Haynes International Pair Trading
Haynes International Pair Trading Analysis
The ability to find closely correlated positions to Haynes International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haynes International 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 Haynes International - 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 Haynes International to buy it.
The correlation of Haynes International 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 Haynes International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haynes International 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 Haynes International 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 Haynes International position
In addition to having Haynes International 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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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in Haynes Stock
If you are still planning to invest in Haynes International check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Haynes International's history and understand the potential risks before investing.
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