Canadian Net Price To Book vs. Price To Sales
| NET-UN Stock | 5.20 0.13 2.44% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.89 | 0.7319 |
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| Operating Profit Margin | 0.53 | 0.7889 |
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For Canadian Net profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Canadian Net to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Canadian Net Real utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Canadian Net's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Canadian Net Real over time as well as its relative position and ranking within its peers.
Canadian |
Canadian Net Real Price To Sales vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Canadian Net's current stock value. Our valuation model uses many indicators to compare Canadian Net value to that of its competitors to determine the firm's financial worth. Canadian Net Real is considered to be number one stock in price to book category among its peers. It also is considered to be number one stock in price to sales category among its peers fabricating about 4.20 of Price To Sales per Price To Book. At present, Canadian Net's Price To Sales Ratio is projected to decrease significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canadian Net by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canadian Net's 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.Canadian Price To Sales vs. Price To Book
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.
Canadian Net |
| = | 0.90 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.
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.
Canadian Net |
| = | 3.80 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.
Canadian Price To Sales Comparison
Canadian Net is currently under evaluation in price to sales category among its peers.
Canadian Net Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Canadian Net, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Canadian Net will eventually generate negative long term returns. The profitability progress is the general direction of Canadian Net's change in net profit over the period of time. It can combine multiple indicators of Canadian Net, 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.
| Last Reported | Projected for Next Year | ||
| Net Interest Income | -7.3 M | -6.9 M | |
| Interest Income | 393 K | 225.9 K | |
| Operating Income | 17.9 M | 11.1 M | |
| Net Income From Continuing Ops | 18.2 M | 19.1 M | |
| Income Before Tax | 18.2 M | 19.1 M | |
| Total Other Income Expense Net | 7.6 M | 8 M | |
| Net Income Applicable To Common Shares | 28.9 M | 30.3 M | |
| Net Income | 18.2 M | 19.1 M | |
| Income Tax Expense | 167.2 K | 175.5 K | |
| Change To Netincome | -14.5 M | -13.8 M | |
| Net Income Per Share | 0.89 | 0.93 | |
| Income Quality | 0.62 | 1.07 | |
| Net Income Per E B T | 1.00 | 1.43 |
Canadian Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Canadian Net. 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 Canadian Net 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 Canadian Net's important profitability drivers and their relationship over time.
Use Canadian Net 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 Canadian Net 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 Canadian Net will appreciate offsetting losses from the drop in the long position's value.Canadian Net Pair Trading
Canadian Net Real Pair Trading Analysis
The ability to find closely correlated positions to Canadian Net could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Net 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 Canadian Net - 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 Canadian Net Real to buy it.
The correlation of Canadian Net 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 Canadian Net moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Net Real 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 Canadian Net 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 Canadian Net position
In addition to having Canadian Net 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 Agriculture Thematic Idea Now
Agriculture
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Agriculture theme has 30 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 Agriculture Theme or any other thematic opportunities.
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Other Information on Investing in Canadian Stock
To fully project Canadian Net's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Canadian Net Real 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 Canadian Net's income statement, its balance sheet, and the statement of cash flows.