NITTO DENKO Current Valuation vs. Price To Book
| ND5 Stock | EUR 16.20 0.50 3.18% |
For NITTO DENKO profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NITTO DENKO to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NITTO DENKO P utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NITTO DENKO's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NITTO DENKO P over time as well as its relative position and ranking within its peers.
NITTO |
NITTO DENKO P Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NITTO DENKO's current stock value. Our valuation model uses many indicators to compare NITTO DENKO value to that of its competitors to determine the firm's financial worth. NITTO DENKO P is rated below average in current valuation category among its peers. It also is rated below average in price to book category among its peers . The ratio of Current Valuation to Price To Book for NITTO DENKO P is about 4,762,773,669 . 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 NITTO DENKO's earnings, one of the primary drivers of an investment's value.NITTO Current Valuation vs. Competition
NITTO DENKO P is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other industry is now estimated at about 13.74 Trillion. NITTO DENKO adds roughly 6.62 Billion in current valuation claiming only tiny portion of all equities under Other industry.
NITTO Price To Book vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
NITTO DENKO |
| = | 6.62 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
NITTO DENKO |
| = | 1.39 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.
NITTO Price To Book Comparison
NITTO DENKO is currently under evaluation in price to book category among its peers.
NITTO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NITTO DENKO. 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 NITTO DENKO 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 NITTO DENKO's important profitability drivers and their relationship over time.
Use NITTO DENKO 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 NITTO DENKO 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 NITTO DENKO will appreciate offsetting losses from the drop in the long position's value.NITTO DENKO Pair Trading
NITTO DENKO P Pair Trading Analysis
The ability to find closely correlated positions to NITTO DENKO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NITTO DENKO 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 NITTO DENKO - 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 NITTO DENKO P to buy it.
The correlation of NITTO DENKO 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 NITTO DENKO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NITTO DENKO P 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 NITTO DENKO 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 NITTO DENKO position
In addition to having NITTO DENKO 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 Exotic Funds Thematic Idea Now
Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds 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 Exotic Funds Theme or any other thematic opportunities.
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Other Information on Investing in NITTO Stock
To fully project NITTO DENKO's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NITTO DENKO P 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 NITTO DENKO's income statement, its balance sheet, and the statement of cash flows.