JABIL CIRCUIT Z Score vs. Price To Sales
| JBL Stock | EUR 126.25 0.75 0.60% |
For JABIL CIRCUIT profitability analysis, we use financial ratios and fundamental drivers that measure the ability of JABIL CIRCUIT to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well JABIL CIRCUIT utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between JABIL CIRCUIT's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of JABIL CIRCUIT over time as well as its relative position and ranking within its peers.
JABIL |
JABIL CIRCUIT Price To Sales vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining JABIL CIRCUIT's current stock value. Our valuation model uses many indicators to compare JABIL CIRCUIT value to that of its competitors to determine the firm's financial worth. JABIL CIRCUIT is rated below average in z score category among its peers. It also is rated below average in price to sales category among its peers fabricating about 0.11 of Price To Sales per Z Score. The ratio of Z Score to Price To Sales for JABIL CIRCUIT is roughly 9.02 . 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 JABIL CIRCUIT's earnings, one of the primary drivers of an investment's value.JABIL Price To Sales vs. Z Score
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
JABIL CIRCUIT |
| = | 2.8 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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.
JABIL CIRCUIT |
| = | 0.31 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.
JABIL Price To Sales Comparison
JABIL CIRCUIT is currently under evaluation in price to sales category among its peers.
JABIL Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on JABIL CIRCUIT. 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 JABIL CIRCUIT 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 JABIL CIRCUIT's important profitability drivers and their relationship over time.
Use JABIL CIRCUIT 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 JABIL CIRCUIT 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 JABIL CIRCUIT will appreciate offsetting losses from the drop in the long position's value.JABIL CIRCUIT Pair Trading
JABIL CIRCUIT Pair Trading Analysis
The ability to find closely correlated positions to JABIL CIRCUIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JABIL CIRCUIT 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 JABIL CIRCUIT - 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 JABIL CIRCUIT to buy it.
The correlation of JABIL CIRCUIT 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 JABIL CIRCUIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JABIL CIRCUIT 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 JABIL CIRCUIT 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 JABIL CIRCUIT position
In addition to having JABIL CIRCUIT 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 Insurance Thematic Idea Now
Insurance
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Insurance 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 Insurance Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Information and Resources on Investing in JABIL Stock
When determining whether JABIL CIRCUIT is a strong investment it is important to analyze JABIL CIRCUIT's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact JABIL CIRCUIT's future performance. For an informed investment choice regarding JABIL Stock, refer to the following important reports:Check out Risk vs Return Analysis. For information on how to trade JABIL Stock refer to our How to Trade JABIL Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
To fully project JABIL CIRCUIT's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of JABIL CIRCUIT 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 JABIL CIRCUIT's income statement, its balance sheet, and the statement of cash flows.