Yong Concrete Earnings Per Share vs. Price To Book
| YONG Stock | 1.17 0.01 0.85% |
For Yong Concrete profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Yong Concrete to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Yong Concrete PCL utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Yong Concrete's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Yong Concrete PCL over time as well as its relative position and ranking within its peers.
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Yong Concrete PCL Price To Book vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Yong Concrete's current stock value. Our valuation model uses many indicators to compare Yong Concrete value to that of its competitors to determine the firm's financial worth. Yong Concrete PCL is rated first in earnings per share category among its peers. It is rated first in price to book category among its peers fabricating about 15.79 of Price To Book per Earnings Per Share. 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 Yong Concrete's earnings, one of the primary drivers of an investment's value.Yong Price To Book vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Yong Concrete |
| = | 0.12 X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Yong Concrete |
| = | 1.90 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Yong Price To Book Comparison
Yong Concrete is currently under evaluation in price to book category among its peers.
Yong Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Yong Concrete. 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 Yong Concrete 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 Yong Concrete's important profitability drivers and their relationship over time.
Use Yong Concrete 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 Yong Concrete 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 Yong Concrete will appreciate offsetting losses from the drop in the long position's value.Yong Concrete Pair Trading
Yong Concrete PCL Pair Trading Analysis
The ability to find closely correlated positions to Yong Concrete could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yong Concrete 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 Yong Concrete - 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 Yong Concrete PCL to buy it.
The correlation of Yong Concrete 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 Yong Concrete moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yong Concrete PCL 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 Yong Concrete 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 Yong Concrete position
In addition to having Yong Concrete 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 Yong Stock
To fully project Yong Concrete's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Yong Concrete PCL 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 Yong Concrete's income statement, its balance sheet, and the statement of cash flows.