Sedana Medical Return On Asset vs. Price To Book
| SEDANA Stock | SEK 12.84 0.30 2.39% |
For Sedana Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sedana Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sedana Medical AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sedana Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sedana Medical AB over time as well as its relative position and ranking within its peers.
Sedana |
Sedana Medical AB Price To Book vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sedana Medical's current stock value. Our valuation model uses many indicators to compare Sedana Medical value to that of its competitors to determine the firm's financial worth. Sedana Medical AB is currently regarded as top stock in return on asset category among its peers. It also is currently regarded as top stock in price to book category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Sedana Medical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sedana Medical's 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.Sedana Price To Book 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.
Sedana Medical |
| = | -0.0736 |
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.
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.
Sedana Medical |
| = | 1.94 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.
Sedana Price To Book Comparison
Sedana Medical is currently under evaluation in price to book category among its peers.
Sedana Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sedana Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sedana Medical will eventually generate negative long term returns. The profitability progress is the general direction of Sedana Medical's change in net profit over the period of time. It can combine multiple indicators of Sedana Medical, 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.
Sedana Medical AB , a medical technology company, develops, markets, and sells medical devices in Sweden and internationally. Sedana Medical AB was founded in 2005 and is headquartered in Danderyd, Sweden. Sedana Medical operates under Medical Instruments Supplies classification in Sweden and is traded on Stockholm Stock Exchange. It employs 72 people.
Sedana Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sedana Medical. 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 Sedana Medical 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 Sedana Medical's important profitability drivers and their relationship over time.
Use Sedana Medical 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 Sedana Medical 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 Sedana Medical will appreciate offsetting losses from the drop in the long position's value.Sedana Medical Pair Trading
Sedana Medical AB Pair Trading Analysis
The ability to find closely correlated positions to Sedana Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sedana Medical 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 Sedana Medical - 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 Sedana Medical AB to buy it.
The correlation of Sedana Medical 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 Sedana Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sedana Medical AB 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 Sedana Medical 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 Sedana Medical position
In addition to having Sedana Medical 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 Asset Management Thematic Idea Now
Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 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 Asset Management Theme or any other thematic opportunities.
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Other Information on Investing in Sedana Stock
To fully project Sedana Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sedana Medical AB 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 Sedana Medical's income statement, its balance sheet, and the statement of cash flows.