| HMM-A Stock | | | CAD 10.76 0.16 1.47% |
Considering the key profitability indicators obtained from Hammond Manufacturing's historical financial statements, Hammond Manufacturing is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Hammond Manufacturing's ability to earn profits and add value for shareholders.
Price To Sales Ratio is likely to gain to 0.41 in 2024.
Days Sales Outstanding is likely to gain to 53.89 in 2024. At this time, Hammond Manufacturing's
Operating Income is comparatively stable compared to the past year.
Income Before Tax is likely to gain to about 26.2
M in 2024, despite the fact that
Net Interest Income is likely to grow to (2.9
M).
For Hammond Manufacturing profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hammond Manufacturing to generate income relative to revenue, assets, operating costs, and current equity. These
fundamental indicators attest to how well Hammond Manufacturing utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hammond Manufacturing's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hammond Manufacturing over time as well as its relative position and ranking within its peers.
Check out
Risk vs Return Analysis.
Please note, there is a significant difference between Hammond Manufacturing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hammond Manufacturing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hammond Manufacturing'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.
Hammond Manufacturing Net Income vs. Shares Owned By Insiders Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hammond Manufacturing's current stock value. Our valuation model uses many indicators to compare Hammond Manufacturing value to that of its competitors to determine the firm's financial worth.
Hammond Manufacturing is one of the top stocks in shares owned by insiders category among its peers. It also is one of the top stocks in net income category among its peers making up about
931,067 of Net Income per Shares Owned By Insiders. At this time, Hammond Manufacturing's Net Income is comparatively stable compared to the past year. 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 Hammond Manufacturing's earnings, one of the primary drivers of an investment's value.
Hammond Net Income vs. Shares Owned By Insiders
Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Hammond Manufacturing | Insiders Shares | = | Executives Shares | + | Employees |
| = | 20.15 % |
Although the research on effects of insider trading on prices and volatility is still relatively inconclusive, and investors are advised to pay close attention to the distribution of equities among company's stakeholders to avoid many problems associated with the disclosure of price-sensitive information.
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.
Hammond Manufacturing | Net Income | = | (Rev + Gain) | - | (Exp + Loss) |
| = | 18.76 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.
Hammond Net Income Comparison
Hammond Manufacturing is currently under evaluation in net income category among its peers.
Hammond Manufacturing Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hammond Manufacturing, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hammond Manufacturing will eventually generate negative long term returns. The profitability progress is the general direction of Hammond Manufacturing's change in net profit over the period of time. It can combine
multiple indicators of Hammond Manufacturing, 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.
Hammond Profitability Driver Comparison
Profitability drivers are factors that can directly affect your
investment outlook on Hammond Manufacturing. 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 Hammond Manufacturing 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 Hammond Manufacturing's important profitability drivers and their relationship over time.
Use Hammond Manufacturing 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 Hammond Manufacturing 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 Hammond Manufacturing will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Hammond Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Manufacturing 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 Hammond Manufacturing - 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 Hammond Manufacturing to buy it.
The correlation of Hammond Manufacturing 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 Hammond Manufacturing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Manufacturing 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 Hammond Manufacturing 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 Hammond Manufacturing position
In addition to having Hammond Manufacturing 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.
Aggressive Funds
Funds or Etfs that attempt to achieve high capital gains by investing in companies with high growth potential and above average risk. The Aggressive Funds theme has 43 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
Aggressive Funds Theme or any other
thematic opportunities.
Additional Tools for Hammond Stock Analysis
When running Hammond Manufacturing's price analysis, check to
measure Hammond Manufacturing'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 Hammond Manufacturing is operating at the current time. Most of Hammond Manufacturing's value examination focuses on studying past and present price action to
predict the probability of Hammond Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Manufacturing's price. Additionally, you may evaluate how the addition of Hammond Manufacturing to your portfolios can decrease your overall portfolio volatility.
