Stingray Return On Asset vs. Revenue
| RAY-A Stock | CAD 8.15 0.07 0.85% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.55 | 0.3433 |
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| Operating Profit Margin | 0.14 | 0.22 |
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For Stingray profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Stingray to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Stingray Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Stingray's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Stingray Group over time as well as its relative position and ranking within its peers.
Stingray |
Stingray Group Revenue vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Stingray's current stock value. Our valuation model uses many indicators to compare Stingray value to that of its competitors to determine the firm's financial worth. Stingray Group is currently regarded as top stock in return on asset category among its peers. It also is currently regarded number one company in revenue category among its peers totaling about 4,984,531,025 of Revenue per Return On Asset. At this time, Stingray's Total Revenue is comparatively 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 Stingray's earnings, one of the primary drivers of an investment's value.Stingray Revenue vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Stingray |
| = | 0.0693 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Stingray |
| = | 345.43 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Stingray Revenue vs Competition
Stingray Group is currently regarded number one company in revenue category among its peers. Market size based on revenue of Communication Services industry is at this time estimated at about 2.87 Billion. Stingray retains roughly 345.43 Million in revenue claiming about 12% of stocks in Communication Services industry.
Stingray Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Stingray, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Stingray will eventually generate negative long term returns. The profitability progress is the general direction of Stingray's change in net profit over the period of time. It can combine multiple indicators of Stingray, 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 | 3.3 M | 3.5 M | |
| Operating Income | 87.4 M | 91.8 M | |
| Income Before Tax | 2.3 M | 2.2 M | |
| Total Other Income Expense Net | -57.2 M | -54.4 M | |
| Net Loss | -13.7 M | -13.1 M | |
| Income Tax Expense | 16 M | 16.8 M | |
| Net Loss | -13.7 M | -13.1 M | |
| Net Income Applicable To Common Shares | 34.6 M | 18.9 M | |
| Net Interest Income | -29 M | -27.6 M | |
| Change To Netincome | 36 M | 18.9 M | |
| Net Loss | (0.20) | (0.19) | |
| Income Quality | (8.63) | (8.19) | |
| Net Loss | (6.00) | (5.70) |
Stingray Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Stingray. 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 Stingray 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 Stingray's important profitability drivers and their relationship over time.
Use Stingray 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 Stingray 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 Stingray will appreciate offsetting losses from the drop in the long position's value.Stingray Pair Trading
Stingray Group Pair Trading Analysis
The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray 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 Stingray - 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 Stingray Group to buy it.
The correlation of Stingray 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 Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray Group 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 Stingray 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 Stingray position
In addition to having Stingray 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 Printing and Publishing Thematic Idea Now
Printing and Publishing
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Printing and Publishing theme has 21 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 Printing and Publishing Theme or any other thematic opportunities.
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Additional Tools for Stingray Stock Analysis
When running Stingray's price analysis, check to measure Stingray'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 Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.