Worley Parsons Cash Per Share vs. Cash And Equivalents
| WYGPY Stock | USD 9.45 0.43 4.77% |
For Worley Parsons profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Worley Parsons to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Worley Parsons utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Worley Parsons's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Worley Parsons over time as well as its relative position and ranking within its peers.
Worley |
Worley Parsons Cash And Equivalents vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Worley Parsons's current stock value. Our valuation model uses many indicators to compare Worley Parsons value to that of its competitors to determine the firm's financial worth. Worley Parsons is rated first in cash per share category among its peers. It is rated first in cash and equivalents category among its peers creating about 522,680,412 of Cash And Equivalents per Cash Per Share. Comparative valuation analysis is a catch-all model that can be used if you cannot value Worley Parsons by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Worley Parsons' Pink Sheet. 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.Worley Cash And Equivalents vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Worley Parsons |
| = | 0.97 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Worley Parsons |
| = | 507 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Worley Cash And Equivalents Comparison
Worley Parsons is currently under evaluation in cash and equivalents category among its peers.
Worley Parsons Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Worley Parsons, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Worley Parsons will eventually generate negative long term returns. The profitability progress is the general direction of Worley Parsons' change in net profit over the period of time. It can combine multiple indicators of Worley Parsons, 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.
Worley Limited provides professional project and asset services to energy, chemicals, and resources sectors worldwide. Worley Limited was incorporated in 2001 and is headquartered in North Sydney, Australia. Worley Parsons operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 51000 people.
Worley Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Worley Parsons. 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 Worley Parsons 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 Worley Parsons' important profitability drivers and their relationship over time.
Use Worley Parsons 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 Worley Parsons 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 Worley Parsons will appreciate offsetting losses from the drop in the long position's value.Worley Parsons Pair Trading
Worley Parsons Pair Trading Analysis
The ability to find closely correlated positions to Worley Parsons could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worley Parsons 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 Worley Parsons - 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 Worley Parsons to buy it.
The correlation of Worley Parsons 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 Worley Parsons moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worley Parsons 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 Worley Parsons 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 Worley Parsons position
In addition to having Worley Parsons 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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Airlines
Domestic and international airlines and airline services. The Airlines theme has 38 constituents at this time.
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Additional Tools for Worley Pink Sheet Analysis
When running Worley Parsons' price analysis, check to measure Worley Parsons' 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 Worley Parsons is operating at the current time. Most of Worley Parsons' value examination focuses on studying past and present price action to predict the probability of Worley Parsons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worley Parsons' price. Additionally, you may evaluate how the addition of Worley Parsons to your portfolios can decrease your overall portfolio volatility.