Halfords Group Return On Asset vs. Gross Profit
| HLFDY Stock | USD 3.62 0.18 4.74% |
For Halfords Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Halfords Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Halfords Group PLC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Halfords Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Halfords Group PLC over time as well as its relative position and ranking within its peers.
Halfords |
Halfords Group PLC Gross Profit vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Halfords Group's current stock value. Our valuation model uses many indicators to compare Halfords Group value to that of its competitors to determine the firm's financial worth. Halfords Group PLC is one of the top stocks in return on asset category among its peers. It also is one of the top stocks in gross profit category among its peers fabricating about 19,991,689,751 of Gross Profit per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Halfords Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Halfords Group's Pink Sheet. 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.Halfords Gross Profit 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.
Halfords Group |
| = | 0.0361 |
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.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Halfords Group |
| = | 721.7 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Halfords Gross Profit Comparison
Halfords Group is currently under evaluation in gross profit category among its peers.
Halfords Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Halfords Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Halfords Group will eventually generate negative long term returns. The profitability progress is the general direction of Halfords Group's change in net profit over the period of time. It can combine multiple indicators of Halfords Group, 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.
Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland. Halfords Group plc was founded in 1892 and is based in Redditch, the United Kingdom. Halfords Group operates under Specialty Retail classification in the United States and is traded on OTC Exchange. It employs 11000 people.
Halfords Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Halfords Group. 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 Halfords Group 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 Halfords Group's important profitability drivers and their relationship over time.
Use Halfords Group 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 Halfords Group 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 Halfords Group will appreciate offsetting losses from the drop in the long position's value.Halfords Group Pair Trading
Halfords Group PLC Pair Trading Analysis
The ability to find closely correlated positions to Halfords Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Halfords Group 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 Halfords Group - 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 Halfords Group PLC to buy it.
The correlation of Halfords Group 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 Halfords Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Halfords Group PLC 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 Halfords Group 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 Halfords Group position
In addition to having Halfords Group 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 Transportation Thematic Idea Now
Transportation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Transportation theme has 61 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 Transportation Theme or any other thematic opportunities.
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Additional Tools for Halfords Pink Sheet Analysis
When running Halfords Group's price analysis, check to measure Halfords Group'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 Halfords Group is operating at the current time. Most of Halfords Group's value examination focuses on studying past and present price action to predict the probability of Halfords Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Halfords Group's price. Additionally, you may evaluate how the addition of Halfords Group to your portfolios can decrease your overall portfolio volatility.