CECO ENVIRONMENTAL Price To Sales vs. Net Income
| WCE Stock | 31.80 1.16 3.79% |
For CECO ENVIRONMENTAL profitability analysis, we use financial ratios and fundamental drivers that measure the ability of CECO ENVIRONMENTAL to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well CECO ENVIRONMENTAL utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between CECO ENVIRONMENTAL's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of CECO ENVIRONMENTAL over time as well as its relative position and ranking within its peers.
CECO |
CECO ENVIRONMENTAL Net Income vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining CECO ENVIRONMENTAL's current stock value. Our valuation model uses many indicators to compare CECO ENVIRONMENTAL value to that of its competitors to determine the firm's financial worth. CECO ENVIRONMENTAL is rated below average in price to sales category among its peers. It also is rated below average in net income category among its peers making up about 1,350,635 of Net Income per Price To Sales. 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 CECO ENVIRONMENTAL's earnings, one of the primary drivers of an investment's value.CECO Net Income vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
CECO ENVIRONMENTAL |
| = | 1.06 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
CECO ENVIRONMENTAL |
| = | 1.43 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.
CECO Net Income Comparison
CECO ENVIRONMENTAL is currently under evaluation in net income category among its peers.
CECO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on CECO ENVIRONMENTAL. 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 CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL's important profitability drivers and their relationship over time.
Use CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL will appreciate offsetting losses from the drop in the long position's value.CECO ENVIRONMENTAL Pair Trading
CECO ENVIRONMENTAL Pair Trading Analysis
The ability to find closely correlated positions to CECO ENVIRONMENTAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL - 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 CECO ENVIRONMENTAL to buy it.
The correlation of CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL 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 CECO ENVIRONMENTAL position
In addition to having CECO ENVIRONMENTAL 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 Adviser Favorites Thematic Idea Now
Adviser Favorites
Financial advisors frequently recommend that individuals diversify their investment portfolios with a mix of different types of stocks. These can include blue-chip stocks, growth stocks, and dividend stocks. The Adviser Favorites theme has 17 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 Adviser Favorites Theme or any other thematic opportunities.
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Additional Tools for CECO Stock Analysis
When running CECO ENVIRONMENTAL's price analysis, check to measure CECO ENVIRONMENTAL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CECO ENVIRONMENTAL is operating at the current time. Most of CECO ENVIRONMENTAL's value examination focuses on studying past and present price action to predict the probability of CECO ENVIRONMENTAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CECO ENVIRONMENTAL's price. Additionally, you may evaluate how the addition of CECO ENVIRONMENTAL to your portfolios can decrease your overall portfolio volatility.