Phoenix Holdings Return On Equity vs. Price To Book
| PHOE Stock | ILS 4,654 106.00 2.23% |
For Phoenix Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Phoenix Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Phoenix Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Phoenix Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Phoenix Holdings over time as well as its relative position and ranking within its peers.
Phoenix |
Phoenix Holdings Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Phoenix Holdings's current stock value. Our valuation model uses many indicators to compare Phoenix Holdings value to that of its competitors to determine the firm's financial worth. The Phoenix Holdings is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in price to book category among its peers fabricating about 5.52 of Price To Book per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Phoenix Holdings by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Phoenix Holdings' 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.Phoenix Price To Book vs. Return On Equity
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.
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| = | 0.18 |
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.
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.
Phoenix Holdings |
| = | 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.
Phoenix Price To Book Comparison
Phoenix Holdings is currently under evaluation in price to book category among its peers.
Phoenix Holdings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Phoenix Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Phoenix Holdings will eventually generate negative long term returns. The profitability progress is the general direction of Phoenix Holdings' change in net profit over the period of time. It can combine multiple indicators of Phoenix Holdings, 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.
The Phoenix Holdings Ltd provides various insurance products in Israel. The Phoenix Holdings Ltd was founded in 1949 and is based in Givat Shmuel, Israel. PHOENIX HLDGS is traded on Tel Aviv Stock Exchange in Israel.
Phoenix Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Phoenix Holdings. 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 Phoenix Holdings 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 Phoenix Holdings' important profitability drivers and their relationship over time.
Use Phoenix Holdings 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 Phoenix Holdings 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 Phoenix Holdings will appreciate offsetting losses from the drop in the long position's value.Phoenix Holdings Pair Trading
The Phoenix Holdings Pair Trading Analysis
The ability to find closely correlated positions to Phoenix Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phoenix Holdings 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 Phoenix Holdings - 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 The Phoenix Holdings to buy it.
The correlation of Phoenix Holdings 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 Phoenix Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phoenix Holdings 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 Phoenix Holdings 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 Phoenix Holdings position
In addition to having Phoenix Holdings 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 Pharmaceutical Products Thematic Idea Now
Pharmaceutical Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Pharmaceutical Products 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 Pharmaceutical Products Theme or any other thematic opportunities.
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Other Information on Investing in Phoenix Stock
To fully project Phoenix Holdings' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Phoenix Holdings 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 Phoenix Holdings' income statement, its balance sheet, and the statement of cash flows.