Hoegh LNG Total Asset vs. EBITDA
Considering the key profitability indicators obtained from Hoegh LNG's historical financial statements, Hoegh LNG Partners may not be well positioned to generate adequate gross income at this time. It has a very high risk of underperforming in April. Profitability indicators assess Hoegh LNG's ability to earn profits and add value for shareholders.
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 american community survey.
Please note, there is a significant difference between Hoegh LNG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoegh LNG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoegh LNG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
For Hoegh LNG profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hoegh LNG to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hoegh LNG Partners utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hoegh LNG's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hoegh LNG Partners over time as well as its relative position and ranking within its peers.
Hoegh |
Hoegh LNG Partners EBITDA vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hoegh LNG's current stock value. Our valuation model uses many indicators to compare Hoegh LNG value to that of its competitors to determine the firm's financial worth. Hoegh LNG Partners is one of the top stocks in total asset category among its peers. It also is one of the top stocks in ebitda category among its peers totaling about 0.12 of EBITDA per Total Asset. The ratio of Total Asset to EBITDA for Hoegh LNG Partners is roughly 8.61 . 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 Hoegh LNG's earnings, one of the primary drivers of an investment's value.Hoegh EBITDA vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Hoegh LNG |
| = | 1 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Hoegh LNG |
| = | 116.6 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Hoegh EBITDA Comparison
Hoegh LNG is currently under evaluation in ebitda category among its peers.
Hoegh Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hoegh LNG. 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 Hoegh LNG 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 Hoegh LNG's important profitability drivers and their relationship over time.
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Use Hoegh LNG 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 Hoegh LNG 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 Hoegh LNG will appreciate offsetting losses from the drop in the long position's value.Hoegh LNG Pair Trading
Hoegh LNG Partners Pair Trading Analysis
The ability to find closely correlated positions to Applied Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Materials 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 Applied Materials - 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 Applied Materials to buy it.
The correlation of Applied Materials 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 Applied Materials moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Materials 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 Applied Materials 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 Hoegh LNG position
In addition to having Hoegh LNG 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 Banking Thematic Idea Now
Banking
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking 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 Banking Theme or any other thematic opportunities.
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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 american community survey. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Other Consideration for investing in Hoegh Pink Sheet
If you are still planning to invest in Hoegh LNG Partners 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 Hoegh LNG's history and understand the potential risks before investing.
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