Union Plastic Return On Asset vs. Return On Equity
| UP Stock | THB 16.80 0.70 4.00% |
For Union Plastic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Union Plastic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Union Plastic Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Union Plastic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Union Plastic Public over time as well as its relative position and ranking within its peers.
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Union Plastic Public Return On Equity vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Union Plastic's current stock value. Our valuation model uses many indicators to compare Union Plastic value to that of its competitors to determine the firm's financial worth. Union Plastic Public is rated first in return on asset category among its peers. It is rated first in return on equity category among its peers . 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 Union Plastic's earnings, one of the primary drivers of an investment's value.Union Return On Equity 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.
Union Plastic |
| = | -0.0146 |
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.
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.
Union Plastic |
| = | 0.0536 |
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.
Union Return On Equity Comparison
Union Plastic is currently under evaluation in return on equity category among its peers.
Union Plastic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Union Plastic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Union Plastic will eventually generate negative long term returns. The profitability progress is the general direction of Union Plastic's change in net profit over the period of time. It can combine multiple indicators of Union Plastic, 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.
Union Plastic Public Company Limited manufactures and sells thermoplastics in Thailand. Union Plastic Public Company Limited was founded in 1969 and is headquartered in Bangkok, Thailand. UNION PLASTIC operates under Auto Parts classification in Thailand and is traded on Stock Exchange of Thailand.
Union Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Union Plastic. 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 Union Plastic 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 Union Plastic's important profitability drivers and their relationship over time.
Use Union Plastic 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 Union Plastic 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 Union Plastic will appreciate offsetting losses from the drop in the long position's value.Union Plastic Pair Trading
Union Plastic Public Pair Trading Analysis
The ability to find closely correlated positions to Union Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Plastic 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 Union Plastic - 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 Union Plastic Public to buy it.
The correlation of Union Plastic 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 Union Plastic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Union Plastic Public 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 Union Plastic 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 Union Plastic position
In addition to having Union Plastic 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?
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Companies in sporting activities arena as well as manufacturers of sporting goods and sport retailers. The Sports theme has 25 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 Sports Theme or any other thematic opportunities.
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Other Information on Investing in Union Stock
To fully project Union Plastic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Union Plastic Public 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 Union Plastic's income statement, its balance sheet, and the statement of cash flows.