National Australia Market Capitalization vs. Return On Asset
| NABPH Preferred Stock | 105.08 0.07 0.07% |
For National Australia profitability analysis, we use financial ratios and fundamental drivers that measure the ability of National Australia to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well National Australia Bank utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between National Australia's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of National Australia Bank over time as well as its relative position and ranking within its peers.
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National Australia Bank Return On Asset vs. Market Capitalization Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining National Australia's current stock value. Our valuation model uses many indicators to compare National Australia value to that of its competitors to determine the firm's financial worth. National Australia Bank is considered to be number one stock in market capitalization category among its peers. It also is considered to be number one stock in return on asset category among its peers . The ratio of Market Capitalization to Return On Asset for National Australia Bank is about Huge . Comparative valuation analysis is a catch-all model that can be used if you cannot value National Australia by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for National Australia's Preferred 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.National Market Capitalization vs. Competition
National Australia Bank is considered to be number one stock in market capitalization category among its peers. Market capitalization of Banks-Diversified industry is now estimated at about 1.01 Trillion. National Australia holds roughly 81.8 Billion in market capitalization claiming about 8% of stocks in Banks-Diversified industry.
National Return On Asset vs. Market Capitalization
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
National Australia |
| = | 81.8 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
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.
National Australia |
| = | 0.0074 |
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.
National Return On Asset Comparison
National Australia is currently under evaluation in return on asset category among its peers.
National Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on National Australia. 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 National Australia 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 National Australia's important profitability drivers and their relationship over time.
Use National Australia 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 National Australia 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 National Australia will appreciate offsetting losses from the drop in the long position's value.National Australia Pair Trading
National Australia Bank Pair Trading Analysis
The ability to find closely correlated positions to National Australia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Australia 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 National Australia - 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 National Australia Bank to buy it.
The correlation of National Australia 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 National Australia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Australia Bank 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 National Australia 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 National Australia position
In addition to having National Australia 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 Disruptive Technologies Thematic Idea Now
Disruptive Technologies
New or established technology companies and funds across multiple sectors that are involved in development or marketing of products or services that experience disruptive trends and that are at the forefront of discussions on Wall Street. The Disruptive Technologies theme has 64 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 Disruptive Technologies Theme or any other thematic opportunities.
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Other Information on Investing in National Preferred Stock
To fully project National Australia's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of National Australia Bank 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 National Australia's income statement, its balance sheet, and the statement of cash flows.