Yokohama Rubber Current Valuation vs. Price To Book
| YRB Stock | EUR 18.90 0.10 0.53% |
For Yokohama Rubber profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Yokohama Rubber to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Yokohama Rubber utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Yokohama Rubber's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Yokohama Rubber over time as well as its relative position and ranking within its peers.
Yokohama |
Yokohama Rubber Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Yokohama Rubber's current stock value. Our valuation model uses many indicators to compare Yokohama Rubber value to that of its competitors to determine the firm's financial worth. The Yokohama Rubber is rated second in current valuation category among its peers. It is rated fifth in price to book category among its peers . The ratio of Current Valuation to Price To Book for The Yokohama Rubber is about 6,930,761,236 . 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 Yokohama Rubber's earnings, one of the primary drivers of an investment's value.Yokohama Current Valuation vs. Competition
The Yokohama Rubber is rated second in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other industry is at this time estimated at about 43.21 Billion. Yokohama Rubber holds roughly 3.76 Billion in current valuation claiming about 9% of all equities under Other industry.
Yokohama Price To Book vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Yokohama Rubber |
| = | 3.76 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Yokohama Rubber |
| = | 0.54 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.
Yokohama Price To Book Comparison
Yokohama Rubber is currently under evaluation in price to book category among its peers.
Yokohama Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Yokohama Rubber. 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 Yokohama Rubber 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 Yokohama Rubber's important profitability drivers and their relationship over time.
Use Yokohama Rubber 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 Yokohama Rubber 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 Yokohama Rubber will appreciate offsetting losses from the drop in the long position's value.Yokohama Rubber Pair Trading
The Yokohama Rubber Pair Trading Analysis
The ability to find closely correlated positions to Yokohama Rubber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yokohama Rubber 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 Yokohama Rubber - 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 The Yokohama Rubber to buy it.
The correlation of Yokohama Rubber 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 Yokohama Rubber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yokohama Rubber 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 Yokohama Rubber 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 Yokohama Rubber position
In addition to having Yokohama Rubber 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 Air Thematic Idea Now
Air
Companies specializing in air services and air delivery. The Air theme has 38 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 Air Theme or any other thematic opportunities.
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Other Information on Investing in Yokohama Stock
To fully project Yokohama Rubber's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Yokohama Rubber 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 Yokohama Rubber's income statement, its balance sheet, and the statement of cash flows.