Pro Dex Shares Outstanding vs. Return On Equity
| PDEX Stock | USD 50.99 0.74 1.47% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.44 | 0.2702 |
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For Pro Dex profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pro Dex to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pro Dex utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pro Dex's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pro Dex over time as well as its relative position and ranking within its peers.
Pro |
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pro Dex. If investors know Pro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pro Dex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.089 | Earnings Share 1.52 | Revenue Per Share 16.573 | Quarterly Revenue Growth 0.247 | Return On Assets 0.1005 |
The market value of Pro Dex is measured differently than its book value, which is the value of Pro that is recorded on the company's balance sheet. Investors also form their own opinion of Pro Dex's value that differs from its market value or its book value, called intrinsic value, which is Pro Dex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pro Dex's market value can be influenced by many factors that don't directly affect Pro Dex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Pro Dex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pro Dex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pro Dex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Pro Dex Return On Equity vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Pro Dex's current stock value. Our valuation model uses many indicators to compare Pro Dex value to that of its competitors to determine the firm's financial worth. Pro Dex is rated below average in shares outstanding category among its peers. It is considered to be number one stock in return on equity category among its peers . The ratio of Shares Outstanding to Return On Equity for Pro Dex is about 19,423,957 . At this time, Pro Dex's Return On Equity is fairly stable compared to the past year. 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 Pro Dex's earnings, one of the primary drivers of an investment's value.Pro Return On Equity vs. Shares Outstanding
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.
Pro Dex |
| = | 3.26 M |
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.
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.
Pro Dex |
| = | 0.17 |
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.
Pro Return On Equity Comparison
Pro Dex is currently under evaluation in return on equity category among its peers.
Pro Dex Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Pro Dex, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pro Dex will eventually generate negative long term returns. The profitability progress is the general direction of Pro Dex's change in net profit over the period of time. It can combine multiple indicators of Pro Dex, 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 | ||
| Operating Income | 7.2 M | 7.5 M | |
| Income Before Tax | 2.6 M | 2.8 M | |
| Total Other Income Expense Net | -4.5 M | -4.3 M | |
| Net Income | 2.1 M | 2.2 M | |
| Income Tax Expense | 507 K | 532.4 K | |
| Net Income Applicable To Common Shares | 8.1 M | 8.5 M | |
| Net Income From Continuing Ops | 2.1 M | 2.6 M | |
| Non Operating Income Net Other | 1.7 M | 1.8 M | |
| Interest Income | 144 K | 161 K | |
| Net Interest Income | -414 K | -393.3 K | |
| Change To Netincome | -2.6 M | -2.5 M | |
| Net Income Per Share | 0.61 | 0.64 | |
| Income Quality | 2.91 | 3.06 | |
| Net Income Per E B T | 0.81 | 0.64 |
Pro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Pro Dex. 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 Pro Dex 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 Pro Dex's important profitability drivers and their relationship over time.
Use Pro Dex 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 Pro Dex 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 Pro Dex will appreciate offsetting losses from the drop in the long position's value.Pro Dex Pair Trading
Pro Dex Pair Trading Analysis
The ability to find closely correlated positions to Pro Dex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pro Dex 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 Pro Dex - 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 Pro Dex to buy it.
The correlation of Pro Dex 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 Pro Dex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pro Dex 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 Pro Dex 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 Pro Dex position
In addition to having Pro Dex 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 Wholesale Thematic Idea Now
Wholesale
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 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 Wholesale Theme or any other thematic opportunities.
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Additional Tools for Pro Stock Analysis
When running Pro Dex's price analysis, check to measure Pro Dex'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 Pro Dex is operating at the current time. Most of Pro Dex's value examination focuses on studying past and present price action to predict the probability of Pro Dex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Dex's price. Additionally, you may evaluate how the addition of Pro Dex to your portfolios can decrease your overall portfolio volatility.