Refinaria Current Ratio vs. Price To Earning

RPMG3 Stock  BRL 2.72  0.13  5.02%   
Based on the key profitability measurements obtained from Refinaria's financial statements, Refinaria de Petrleos may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Refinaria's ability to earn profits and add value for shareholders.
For Refinaria profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Refinaria to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Refinaria de Petrleos utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Refinaria's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Refinaria de Petrleos over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Refinaria's value and its price as these two are different measures arrived at by different means. Investors typically determine if Refinaria is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Refinaria'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.

Refinaria de Petrleos Price To Earning vs. Current Ratio Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Refinaria's current stock value. Our valuation model uses many indicators to compare Refinaria value to that of its competitors to determine the firm's financial worth.
Refinaria de Petrleos is currently regarded as top stock in current ratio category among its peers. It also is currently regarded as top stock in price to earning category among its peers . 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 Refinaria's earnings, one of the primary drivers of an investment's value.

Refinaria Price To Earning vs. Current Ratio

Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Refinaria

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
0.44 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Refinaria

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
(1.26) X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

Refinaria Price To Earning Comparison

Refinaria is currently under evaluation in price to earning category among its peers.

Refinaria Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Refinaria, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Refinaria will eventually generate negative long term returns. The profitability progress is the general direction of Refinaria's change in net profit over the period of time. It can combine multiple indicators of Refinaria, 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.
Refinaria de Petrleos de Manguinhos S.A. refines petroleum products in Brazil. Refinaria de Petrleos de Manguinhos S.A. is a subsidiary of Manguinhos Participacoes S.A. PET MANGUINHON operates under Oil Gas Refining Marketing classification in Brazil and is traded on Sao Paolo Stock Exchange.

Refinaria Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Refinaria. 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 Refinaria 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 Refinaria's important profitability drivers and their relationship over time.

Use Refinaria 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 Refinaria 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 Refinaria will appreciate offsetting losses from the drop in the long position's value.

Refinaria Pair Trading

Refinaria de Petrleos Pair Trading Analysis

The ability to find closely correlated positions to Refinaria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Refinaria 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 Refinaria - 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 Refinaria de Petrleos to buy it.
The correlation of Refinaria 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 Refinaria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Refinaria de Petrleos 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 Refinaria 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Refinaria position

In addition to having Refinaria 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 Office Supplies Thematic Idea Now

Office Supplies
Office Supplies Theme
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 43 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 Office Supplies Theme or any other thematic opportunities.
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Additional Tools for Refinaria Stock Analysis

When running Refinaria's price analysis, check to measure Refinaria'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 Refinaria is operating at the current time. Most of Refinaria's value examination focuses on studying past and present price action to predict the probability of Refinaria's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Refinaria's price. Additionally, you may evaluate how the addition of Refinaria to your portfolios can decrease your overall portfolio volatility.