Saga Pure Return On Equity vs. EBITDA
| SAGA Stock | NOK 1.27 0.02 1.60% |
For Saga Pure profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Saga Pure to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Saga Pure ASA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Saga Pure's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Saga Pure ASA over time as well as its relative position and ranking within its peers.
Saga |
Saga Pure ASA EBITDA vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Saga Pure's current stock value. Our valuation model uses many indicators to compare Saga Pure value to that of its competitors to determine the firm's financial worth. Saga Pure ASA is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in ebitda category among its peers totaling about 1,450,639,354 of EBITDA per Return On Equity. 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 Saga Pure's earnings, one of the primary drivers of an investment's value.Saga EBITDA 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.
Saga Pure |
| = | 0.16 |
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.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Saga Pure |
| = | 233.7 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Saga EBITDA Comparison
Saga Pure is currently under evaluation in ebitda category among its peers.
Saga Pure Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Saga Pure, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Saga Pure will eventually generate negative long term returns. The profitability progress is the general direction of Saga Pure's change in net profit over the period of time. It can combine multiple indicators of Saga Pure, 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.
Saga Tankers ASA engages in the investment and management activities related to shipping, rig, real estate, stock trading, and other related businesses. The company was incorporated in 2010 and is headquartered in Oslo, Norway. SAGA TANKERS operates under Shipping classification in Norway and is traded on Oslo Stock Exchange. It employs 6 people.
Saga Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Saga Pure. 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 Saga Pure 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 Saga Pure's important profitability drivers and their relationship over time.
Use Saga Pure 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 Saga Pure 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 Saga Pure will appreciate offsetting losses from the drop in the long position's value.Saga Pure Pair Trading
Saga Pure ASA Pair Trading Analysis
The ability to find closely correlated positions to Saga Pure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saga Pure 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 Saga Pure - 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 Saga Pure ASA to buy it.
The correlation of Saga Pure 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 Saga Pure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saga Pure ASA 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 Saga Pure 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 Saga Pure position
In addition to having Saga Pure 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 Preferred Stock ETFs Thematic Idea Now
Preferred Stock ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Preferred Stock ETFs theme has 16 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 Preferred Stock ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Saga Stock
To fully project Saga Pure's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Saga Pure ASA 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 Saga Pure's income statement, its balance sheet, and the statement of cash flows.