United Drilling Book Value Per Share vs. Earnings Per Share
| UNIDT Stock | 275.05 0.35 0.13% |
For United Drilling profitability analysis, we use financial ratios and fundamental drivers that measure the ability of United Drilling to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well United Drilling Tools utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between United Drilling's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of United Drilling Tools over time as well as its relative position and ranking within its peers.
United |
United Drilling Tools Earnings Per Share vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining United Drilling's current stock value. Our valuation model uses many indicators to compare United Drilling value to that of its competitors to determine the firm's financial worth. United Drilling Tools is rated first in book value per share category among its peers. It is rated first in earnings per share category among its peers creating about 0.05 of Earnings Per Share per Book Value Per Share. The ratio of Book Value Per Share to Earnings Per Share for United Drilling Tools is roughly 18.79 . Comparative valuation analysis is a catch-all model that can be used if you cannot value United Drilling by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for United Drilling'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.United Earnings Per Share 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.
United Drilling |
| = | 124.55 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.
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
United Drilling |
| = | 6.63 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
United Earnings Per Share Comparison
United Drilling is currently under evaluation in earnings per share category among its peers.
United Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on United Drilling. 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 United Drilling 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 United Drilling's important profitability drivers and their relationship over time.
Use United Drilling 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 United Drilling 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 United Drilling will appreciate offsetting losses from the drop in the long position's value.United Drilling Pair Trading
United Drilling Tools Pair Trading Analysis
The ability to find closely correlated positions to United Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Drilling 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 United Drilling - 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 United Drilling Tools to buy it.
The correlation of United Drilling 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 United Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Drilling Tools 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 United Drilling 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 United Drilling position
In addition to having United Drilling 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 Emerging Markets Funds Thematic Idea Now
Emerging Markets Funds
Fund or Etfs that invest in markets of developing countries. The Emerging Markets Funds theme has 41 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 Emerging Markets Funds Theme or any other thematic opportunities.
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Other Information on Investing in United Stock
To fully project United Drilling's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of United Drilling Tools 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 United Drilling's income statement, its balance sheet, and the statement of cash flows.