Oil Net Income vs. Total Asset
| OGDC Stock | 192.82 1.87 0.96% |
For Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Oil and Gas utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Oil and Gas over time as well as its relative position and ranking within its peers.
Oil |
Oil and Gas Total Asset vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Oil's current stock value. Our valuation model uses many indicators to compare Oil value to that of its competitors to determine the firm's financial worth. Oil and Gas is considered to be number one stock in net income category among its peers. It also is considered to be number one stock in total asset category among its peers fabricating about 8.45 of Total Asset per Net Income. Comparative valuation analysis is a catch-all model that can be used if you cannot value Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Oil'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.Oil Total Asset vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Oil |
| = | 133.78 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Oil |
| = | 1.13 T |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Oil Total Asset Comparison
Oil is currently under evaluation in total asset category among its peers.
Oil Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Oil. 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 Oil 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 Oil's important profitability drivers and their relationship over time.
Use Oil 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 Oil 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 Oil will appreciate offsetting losses from the drop in the long position's value.Oil Pair Trading
Oil and Gas Pair Trading Analysis
The ability to find closely correlated positions to Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil 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 Oil - 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 Oil and Gas to buy it.
The correlation of Oil 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 Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oil and Gas 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 Oil 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 Oil position
In addition to having Oil 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 Online Gaming Thematic Idea Now
Online Gaming
Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 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 Online Gaming Theme or any other thematic opportunities.
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Other Information on Investing in Oil Stock
To fully project Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Oil and Gas 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 Oil's income statement, its balance sheet, and the statement of cash flows.