Hellenic Petroleum Price To Book vs. Return On Asset
| HLPN Stock | EUR 6.67 0.03 0.45% |
For Hellenic Petroleum profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hellenic Petroleum to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hellenic Petroleum SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hellenic Petroleum's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hellenic Petroleum SA over time as well as its relative position and ranking within its peers.
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Hellenic Petroleum Return On Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hellenic Petroleum's current stock value. Our valuation model uses many indicators to compare Hellenic Petroleum value to that of its competitors to determine the firm's financial worth. Hellenic Petroleum SA 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 0.14 of Return On Asset per Price To Book. The ratio of Price To Book to Return On Asset for Hellenic Petroleum SA is roughly 7.26 . 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 Hellenic Petroleum's earnings, one of the primary drivers of an investment's value.Hellenic 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.
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| = | 0.78 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.
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| = | 0.11 |
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.
Hellenic Return On Asset Comparison
Hellenic Petroleum is currently under evaluation in return on asset category among its peers.
Hellenic Petroleum Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hellenic Petroleum, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hellenic Petroleum will eventually generate negative long term returns. The profitability progress is the general direction of Hellenic Petroleum's change in net profit over the period of time. It can combine multiple indicators of Hellenic Petroleum, 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.
Hellenic Petroleum S.A., together with its subsidiaries, operates in the energy sector primarily in Greece, South Eastern Europe, and the East Mediterranean. Hellenic Petroleum S.A. was founded in 1998 and is headquartered in Maroussi, Greece. HELLENIC PETR operates under Oil Gas Integrated classification in Germany and is traded on Frankfurt Stock Exchange. It employs 3481 people.
Hellenic Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hellenic Petroleum. 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 Hellenic Petroleum 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 Hellenic Petroleum's important profitability drivers and their relationship over time.
Use Hellenic Petroleum 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 Hellenic Petroleum 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 Hellenic Petroleum will appreciate offsetting losses from the drop in the long position's value.Hellenic Petroleum Pair Trading
Hellenic Petroleum SA Pair Trading Analysis
The ability to find closely correlated positions to Hellenic Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hellenic Petroleum 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 Hellenic Petroleum - 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 Hellenic Petroleum SA to buy it.
The correlation of Hellenic Petroleum 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 Hellenic Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hellenic Petroleum 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 Hellenic Petroleum 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 Hellenic Petroleum position
In addition to having Hellenic Petroleum 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 Business Supplies Thematic Idea Now
Business Supplies
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Business Supplies theme has 24 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 Business Supplies Theme or any other thematic opportunities.
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Other Information on Investing in Hellenic Stock
To fully project Hellenic Petroleum's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hellenic Petroleum 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 Hellenic Petroleum's income statement, its balance sheet, and the statement of cash flows.