Nobility Homes EBITDA vs. Return On Equity
| NOBHDelisted Stock | USD 27.80 0.00 0.00% |
For Nobility Homes profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nobility Homes to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nobility Homes utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nobility Homes's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nobility Homes over time as well as its relative position and ranking within its peers.
Nobility |
Nobility Homes Return On Equity vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nobility Homes's current stock value. Our valuation model uses many indicators to compare Nobility Homes value to that of its competitors to determine the firm's financial worth. Nobility Homes is regarded second in ebitda category among its peers. It is considered to be number one stock in return on equity category among its peers . The ratio of EBITDA to Return On Equity for Nobility Homes is about 56,622,648 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nobility Homes by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nobility Homes' OTC 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.Nobility Return On Equity vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Nobility Homes |
| = | 8.43 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
Nobility Homes |
| = | 0.15 |
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.
Nobility Return On Equity Comparison
Nobility Homes is currently under evaluation in return on equity category among its peers.
Nobility Homes Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nobility Homes, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nobility Homes will eventually generate negative long term returns. The profitability progress is the general direction of Nobility Homes' change in net profit over the period of time. It can combine multiple indicators of Nobility Homes, 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.
Nobility Homes, Inc. designs, manufactures, and sells various manufactured and modular homes in Florida. The company was incorporated in 1967 and is headquartered in Ocala, Florida. Nobility Homes operates under Residential Construction classification in the United States and is traded on OTC Exchange. It employs 131 people.
Nobility Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nobility Homes. 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 Nobility Homes 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 Nobility Homes' important profitability drivers and their relationship over time.
Use Nobility Homes 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 Nobility Homes 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 Nobility Homes will appreciate offsetting losses from the drop in the long position's value.Nobility Homes Pair Trading
Nobility Homes Pair Trading Analysis
The ability to find closely correlated positions to Nobility Homes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nobility Homes 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 Nobility Homes - 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 Nobility Homes to buy it.
The correlation of Nobility Homes 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 Nobility Homes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nobility Homes 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 Nobility Homes 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 Nobility Homes position
In addition to having Nobility Homes 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 Broad Sovereign ETFs Thematic Idea Now
Broad Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Sovereign ETFs theme has 14 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 Broad Sovereign ETFs Theme or any other thematic opportunities.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Nobility Homes information on this page should be used as a complementary analysis to other Nobility Homes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Other Consideration for investing in Nobility OTC Stock
If you are still planning to invest in Nobility Homes check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nobility Homes' history and understand the potential risks before investing.
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