Shyft Net Income vs. Cash And Equivalents
| SP8 Stock | EUR 12.60 0.60 4.55% |
For Shyft profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shyft to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Shyft Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shyft's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Shyft Group over time as well as its relative position and ranking within its peers.
Shyft |
Shyft Group Cash And Equivalents vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shyft's current stock value. Our valuation model uses many indicators to compare Shyft value to that of its competitors to determine the firm's financial worth. The Shyft Group is currently regarded as top stock in net income category among its peers. It also is currently regarded as top stock in cash and equivalents category among its peers creating about 0.58 of Cash And Equivalents per Net Income. The ratio of Net Income to Cash And Equivalents for The Shyft Group is roughly 1.71 . 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 Shyft's earnings, one of the primary drivers of an investment's value.Shyft Cash And Equivalents vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Shyft |
| = | 36.56 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Shyft |
| = | 21.37 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Shyft Cash And Equivalents Comparison
Shyft is currently under evaluation in cash and equivalents category among its peers.
Shyft Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Shyft, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Shyft will eventually generate negative long term returns. The profitability progress is the general direction of Shyft's change in net profit over the period of time. It can combine multiple indicators of Shyft, 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.
Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty vehicles in the United States, Canada, South America, and Asia. Spartan Motors, Inc. was founded in 1975 and is headquartered in Charlotte, Michigan. SPARTAN MOTORS operates under Truck Manufacturing classification in Germany and is traded on Frankfurt Stock Exchange. It employs 1956 people.
Shyft Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shyft. 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 Shyft 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 Shyft's important profitability drivers and their relationship over time.
Use Shyft 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 Shyft 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 Shyft will appreciate offsetting losses from the drop in the long position's value.Shyft Pair Trading
The Shyft Group Pair Trading Analysis
The ability to find closely correlated positions to Shyft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shyft 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 Shyft - 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 Shyft Group to buy it.
The correlation of Shyft 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 Shyft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shyft 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 Shyft 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 Shyft position
In addition to having Shyft 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 Aircraft Thematic Idea Now
Aircraft
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Aircraft theme has 45 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 Aircraft Theme or any other thematic opportunities.
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Other Information on Investing in Shyft Stock
To fully project Shyft's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Shyft Group 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 Shyft's income statement, its balance sheet, and the statement of cash flows.