SENECA FOODS-A Z Score vs. Revenue
| XSFA Stock | EUR 64.50 0.50 0.77% |
For SENECA FOODS-A profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SENECA FOODS-A to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SENECA FOODS A utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SENECA FOODS-A's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SENECA FOODS A over time as well as its relative position and ranking within its peers.
SENECA |
SENECA FOODS A Revenue vs. Z Score Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining SENECA FOODS-A's current stock value. Our valuation model uses many indicators to compare SENECA FOODS-A value to that of its competitors to determine the firm's financial worth. SENECA FOODS A is rated second in z score category among its peers. It is rated first in revenue category among its peers totaling about 1,385,280,000 of Revenue per Z Score. 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 SENECA FOODS-A's earnings, one of the primary drivers of an investment's value.SENECA Revenue vs. Z Score
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
SENECA FOODS-A |
| = | 1.0 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
SENECA FOODS-A |
| = | 1.39 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
SENECA Revenue vs Competition
SENECA FOODS A is rated first in revenue category among its peers. Market size based on revenue of Other industry is at this time estimated at about 36.65 Billion. SENECA FOODS-A holds roughly 1.39 Billion in revenue claiming about 4% of all equities under Other industry.
SENECA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on SENECA FOODS-A. 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 SENECA FOODS-A 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 SENECA FOODS-A's important profitability drivers and their relationship over time.
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Use SENECA FOODS-A 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 SENECA FOODS-A 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 SENECA FOODS-A will appreciate offsetting losses from the drop in the long position's value.SENECA FOODS-A Pair Trading
SENECA FOODS A Pair Trading Analysis
The ability to find closely correlated positions to SENECA FOODS-A could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SENECA FOODS-A 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 SENECA FOODS-A - 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 SENECA FOODS A to buy it.
The correlation of SENECA FOODS-A 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 SENECA FOODS-A moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SENECA FOODS A 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 SENECA FOODS-A 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 SENECA FOODS-A position
In addition to having SENECA FOODS-A 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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Other Information on Investing in SENECA Stock
To fully project SENECA FOODS-A's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SENECA FOODS A 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 SENECA FOODS-A's income statement, its balance sheet, and the statement of cash flows.