Keg Royalties Profitability Analysis
| KEG-UN Stock | CAD 15.18 0.09 0.59% |
For Keg Royalties profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Keg Royalties to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Keg Royalties utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Keg Royalties's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Keg Royalties over time as well as its relative position and ranking within its peers.
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Keg Royalties Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Keg Royalties's current stock value. Our valuation model uses many indicators to compare Keg Royalties value to that of its competitors to determine the firm's financial worth. The Keg Royalties is rated fifth overall in return on equity category among its peers. It is rated third overall in return on asset category among its peers reporting about 1.87 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Keg Royalties by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Keg Royalties' Stock. 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.Keg Return On Asset vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | 0.043 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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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| = | 0.0802 |
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.
Keg Return On Asset Comparison
Keg Royalties is currently under evaluation in return on asset category among its peers.
Keg Royalties Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Keg Royalties, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Keg Royalties will eventually generate negative long term returns. The profitability progress is the general direction of Keg Royalties' change in net profit over the period of time. It can combine multiple indicators of Keg Royalties, 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.
The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The Keg Royalties Income Fund was founded in 2002 and is headquartered in Richmond, Canada. KEG ROYALTIES operates under Restaurants classification in Canada and is traded on Toronto Stock Exchange.
Keg Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Keg Royalties. 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 Keg Royalties 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 Keg Royalties' important profitability drivers and their relationship over time.
Use Keg Royalties 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 Keg Royalties 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 Keg Royalties will appreciate offsetting losses from the drop in the long position's value.Keg Royalties Pair Trading
The Keg Royalties Pair Trading Analysis
The ability to find closely correlated positions to Keg Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keg Royalties 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 Keg Royalties - 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 The Keg Royalties to buy it.
The correlation of Keg Royalties 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 Keg Royalties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keg Royalties 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 Keg Royalties 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 Keg Royalties position
In addition to having Keg Royalties 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 Communication Services Thematic Idea Now
Communication Services
Companies that provide networking, telecom, and long distance services. The Communication Services theme has 45 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 Communication Services Theme or any other thematic opportunities.
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Other Information on Investing in Keg Stock
To fully project Keg Royalties' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Keg Royalties 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 Keg Royalties' income statement, its balance sheet, and the statement of cash flows.