NMDC Steel Price To Book vs. Shares Outstanding
| NSLNISP Stock | 47.10 0.69 1.44% |
For NMDC Steel profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NMDC Steel to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NMDC Steel Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NMDC Steel's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NMDC Steel Limited over time as well as its relative position and ranking within its peers.
NMDC |
NMDC Steel Limited Shares Outstanding vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NMDC Steel's current stock value. Our valuation model uses many indicators to compare NMDC Steel value to that of its competitors to determine the firm's financial worth. NMDC Steel Limited is regarded third in price to book category among its peers. It is considered to be number one stock in shares outstanding category among its peers creating about 3,001,751,429 of Shares Outstanding per Price To Book. As of 12/13/2024, Common Stock Shares Outstanding is likely to drop to about 2.3 B. 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 NMDC Steel's earnings, one of the primary drivers of an investment's value.NMDC Shares Outstanding 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.
NMDC Steel |
| = | 0.98 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.
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.
NMDC Steel |
| = | 2.93 B |
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.
NMDC Shares Outstanding Comparison
NMDC Steel is currently under evaluation in shares outstanding category among its peers.
NMDC Steel Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NMDC Steel, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NMDC Steel will eventually generate negative long term returns. The profitability progress is the general direction of NMDC Steel's change in net profit over the period of time. It can combine multiple indicators of NMDC Steel, 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 | ||
| Accumulated Other Comprehensive Income | 162.4 B | 124.5 B | |
| Operating Income | -17.9 B | -17 B | |
| Income Before Tax | -19.8 B | -18.8 B | |
| Net Loss | -14 B | -13.3 B | |
| Income Tax Expense | -5.8 B | -5.5 B | |
| Total Other Income Expense Net | -2 B | -1.9 B | |
| Net Interest Income | 965.70 | 917.42 | |
| Interest Income | 1.5 K | 1.5 K | |
| Net Loss | -83.2 K | -87.3 K |
NMDC Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NMDC Steel. 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 NMDC Steel 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 NMDC Steel's important profitability drivers and their relationship over time.
Use NMDC Steel 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 NMDC Steel 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 NMDC Steel will appreciate offsetting losses from the drop in the long position's value.NMDC Steel Pair Trading
NMDC Steel Limited Pair Trading Analysis
The ability to find closely correlated positions to NMDC Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NMDC Steel 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 NMDC Steel - 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 NMDC Steel Limited to buy it.
The correlation of NMDC Steel 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 NMDC Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NMDC Steel Limited 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 NMDC Steel 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 NMDC Steel position
In addition to having NMDC Steel 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?
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Apparel
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 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 Apparel Theme or any other thematic opportunities.
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Additional Tools for NMDC Stock Analysis
When running NMDC Steel's price analysis, check to measure NMDC Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NMDC Steel is operating at the current time. Most of NMDC Steel's value examination focuses on studying past and present price action to predict the probability of NMDC Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NMDC Steel's price. Additionally, you may evaluate how the addition of NMDC Steel to your portfolios can decrease your overall portfolio volatility.