Voestalpine Gross Profit vs. Return On Asset
| VOE Stock | EUR 18.28 0.33 1.84% |
For Voestalpine profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Voestalpine to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Voestalpine AG utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Voestalpine's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Voestalpine AG over time as well as its relative position and ranking within its peers.
Voestalpine |
Voestalpine AG Return On Asset vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Voestalpine's current stock value. Our valuation model uses many indicators to compare Voestalpine value to that of its competitors to determine the firm's financial worth. Voestalpine AG is rated first in gross profit category among its peers. It is rated first in return on asset category among its peers . The ratio of Gross Profit to Return On Asset for Voestalpine AG is about 53,709,265,176 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Voestalpine by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Voestalpine'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.Voestalpine Return On Asset vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Voestalpine |
| = | 3.36 B |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
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.
Voestalpine |
| = | 0.0626 |
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.
Voestalpine Return On Asset Comparison
Voestalpine is currently under evaluation in return on asset category among its peers.
Voestalpine Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Voestalpine. 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 Voestalpine 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 Voestalpine's important profitability drivers and their relationship over time.
Use Voestalpine 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 Voestalpine 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 Voestalpine will appreciate offsetting losses from the drop in the long position's value.Voestalpine Pair Trading
Voestalpine AG Pair Trading Analysis
The ability to find closely correlated positions to Voestalpine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Voestalpine 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 Voestalpine - 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 Voestalpine AG to buy it.
The correlation of Voestalpine 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 Voestalpine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Voestalpine AG 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 Voestalpine 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 Voestalpine position
In addition to having Voestalpine 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 Recreation Thematic Idea Now
Recreation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 33 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 Recreation Theme or any other thematic opportunities.
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Other Information on Investing in Voestalpine Stock
To fully project Voestalpine's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Voestalpine AG 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 Voestalpine's income statement, its balance sheet, and the statement of cash flows.