ROYPHILIPS Price To Book vs. Total Asset
| PHI1 Stock | EUR 24.57 0.29 1.17% |
For ROYPHILIPS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ROYPHILIPS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ROYPHILIPS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ROYPHILIPS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ROYPHILIPS over time as well as its relative position and ranking within its peers.
ROYPHILIPS |
ROYPHILIPS Total Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ROYPHILIPS's current stock value. Our valuation model uses many indicators to compare ROYPHILIPS value to that of its competitors to determine the firm's financial worth. ROYPHILIPS is regarded third in price to book category among its peers. It is considered to be number one stock in total asset category among its peers fabricating about 37,807,071,578 of Total Asset per Price To Book. 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 ROYPHILIPS's earnings, one of the primary drivers of an investment's value.ROYPHILIPS Total Asset 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.
ROYPHILIPS |
| = | 0.81 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.
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.
ROYPHILIPS |
| = | 30.69 B |
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.
ROYPHILIPS Total Asset Comparison
ROYPHILIPS is currently under evaluation in total asset category among its peers.
ROYPHILIPS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ROYPHILIPS. 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 ROYPHILIPS 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 ROYPHILIPS's important profitability drivers and their relationship over time.
Use ROYPHILIPS 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 ROYPHILIPS 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 ROYPHILIPS will appreciate offsetting losses from the drop in the long position's value.ROYPHILIPS Pair Trading
ROYPHILIPS Pair Trading Analysis
The ability to find closely correlated positions to ROYPHILIPS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ROYPHILIPS 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 ROYPHILIPS - 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 ROYPHILIPS to buy it.
The correlation of ROYPHILIPS 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 ROYPHILIPS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ROYPHILIPS 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 ROYPHILIPS 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 ROYPHILIPS position
In addition to having ROYPHILIPS 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 Manufacturing Thematic Idea Now
Manufacturing
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. The Manufacturing theme has 20 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 Manufacturing Theme or any other thematic opportunities.
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Other Information on Investing in ROYPHILIPS Stock
To fully project ROYPHILIPS's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ROYPHILIPS 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 ROYPHILIPS's income statement, its balance sheet, and the statement of cash flows.