Tira Austenite Book Value Per Share vs. Shares Outstanding

TIRA Stock  IDR 492.00  8.00  1.65%   
Based on the measurements of profitability obtained from Tira Austenite's financial statements, Tira Austenite Tbk 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 Tira Austenite's ability to earn profits and add value for shareholders.
For Tira Austenite profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Tira Austenite to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Tira Austenite Tbk utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Tira Austenite's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Tira Austenite Tbk 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 Tira Austenite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tira Austenite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tira Austenite'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.

Tira Austenite Tbk Shares Outstanding vs. Book Value Per Share Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Tira Austenite's current stock value. Our valuation model uses many indicators to compare Tira Austenite value to that of its competitors to determine the firm's financial worth.
Tira Austenite Tbk is currently regarded as top stock in book value per share category among its peers. It also is currently regarded as top stock in shares outstanding category among its peers creating about  2,089,716  of Shares Outstanding per Book Value Per Share. 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 Tira Austenite's earnings, one of the primary drivers of an investment's value.

Tira Shares Outstanding vs. Book Value Per Share

Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Tira Austenite

Book Value per Share

 = 

Common Equity

Average Shares

 = 
281.38 X
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Tira Austenite

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
588 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Tira Shares Outstanding Comparison

Tira Austenite is currently under evaluation in shares outstanding category among its peers.

Tira Profitability Driver Comparison

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

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

Tira Austenite Pair Trading

Tira Austenite Tbk Pair Trading Analysis

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

In addition to having Tira Austenite 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.

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Other Information on Investing in Tira Stock

To fully project Tira Austenite's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Tira Austenite Tbk 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 Tira Austenite's income statement, its balance sheet, and the statement of cash flows.
Potential Tira Austenite investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Tira Austenite investors may work on each financial statement separately, they are all related. The changes in Tira Austenite's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Tira Austenite's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.