Kumba Iron Shares Outstanding vs. Price To Book
| KIO Stock | 33,257 79.00 0.24% |
For Kumba Iron profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kumba Iron to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kumba Iron Ore utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kumba Iron's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kumba Iron Ore over time as well as its relative position and ranking within its peers.
Kumba |
Kumba Iron Ore Price To Book vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Kumba Iron's current stock value. Our valuation model uses many indicators to compare Kumba Iron value to that of its competitors to determine the firm's financial worth. Kumba Iron Ore is currently regarded as number one stock in shares outstanding category among its peers. It also is currently regarded as number one stock in price to book category among its peers . The ratio of Shares Outstanding to Price To Book for Kumba Iron Ore is about 95,276,684 . 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 Kumba Iron's earnings, one of the primary drivers of an investment's value.Kumba Price To Book vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Kumba Iron |
| = | 320.93 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Kumba Iron |
| = | 3.37 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.
Kumba Price To Book Comparison
Kumba Iron is currently under evaluation in price to book category among its peers.
Kumba Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Kumba Iron. 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 Kumba Iron 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 Kumba Iron's important profitability drivers and their relationship over time.
Use Kumba Iron 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 Kumba Iron 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 Kumba Iron will appreciate offsetting losses from the drop in the long position's value.Kumba Iron Pair Trading
Kumba Iron Ore Pair Trading Analysis
The ability to find closely correlated positions to Kumba Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kumba Iron 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 Kumba Iron - 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 Kumba Iron Ore to buy it.
The correlation of Kumba Iron 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 Kumba Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kumba Iron Ore 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 Kumba Iron 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 Kumba Iron position
In addition to having Kumba Iron 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 Target Outcome ETFs Thematic Idea Now
Target Outcome ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Target Outcome ETFs theme has 93 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 Target Outcome ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Kumba Stock
To fully project Kumba Iron's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Kumba Iron Ore 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 Kumba Iron's income statement, its balance sheet, and the statement of cash flows.