Zanaga Iron Beta vs. Price To Book
| ZIOC Stock | 3.96 0.01 0.25% |
For Zanaga Iron profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Zanaga Iron to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Zanaga Iron Ore utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Zanaga Iron's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Zanaga Iron Ore over time as well as its relative position and ranking within its peers.
Zanaga |
Zanaga Iron Ore Price To Book vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Zanaga Iron's current stock value. Our valuation model uses many indicators to compare Zanaga Iron value to that of its competitors to determine the firm's financial worth. Zanaga Iron Ore is rated first in beta category among its peers. It is rated third in price to book category among its peers fabricating about 0.16 of Price To Book per Beta. The ratio of Beta to Price To Book for Zanaga Iron Ore is roughly 6.21 . 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 Zanaga Iron's earnings, one of the primary drivers of an investment's value.Zanaga Price To Book vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Zanaga Iron |
| = | 2.45 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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.
Zanaga Iron |
| = | 0.39 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.
Zanaga Price To Book Comparison
Zanaga Iron is currently under evaluation in price to book category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Zanaga Iron will likely underperform.
Zanaga Iron Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Zanaga Iron, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Zanaga Iron will eventually generate negative long term returns. The profitability progress is the general direction of Zanaga Iron's change in net profit over the period of time. It can combine multiple indicators of Zanaga Iron, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -69 K | -65.5 K | |
| Operating Income | -2.7 M | -2.9 M | |
| Income Before Tax | -2.7 M | -2.9 M | |
| Net Loss | -2.7 M | -2.9 M | |
| Total Other Income Expense Net | 9.9 K | 10.4 K | |
| Income Tax Expense | 7.8 K | 11.1 K | |
| Net Loss | -2.7 M | -2.9 M | |
| Net Loss | -2.2 M | -2.3 M | |
| Change To Netincome | 1.1 M | 1.1 M |
Zanaga Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Zanaga Iron. 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 Zanaga Iron 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 Zanaga Iron's important profitability drivers and their relationship over time.
Use Zanaga Iron 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 Zanaga Iron 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 Zanaga Iron will appreciate offsetting losses from the drop in the long position's value.Zanaga Iron Pair Trading
Zanaga Iron Ore Pair Trading Analysis
The ability to find closely correlated positions to Zanaga Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zanaga Iron 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 Zanaga Iron - 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 Zanaga Iron Ore to buy it.
The correlation of Zanaga Iron 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 Zanaga Iron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zanaga Iron Ore 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 Zanaga Iron 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 Zanaga Iron position
In addition to having Zanaga Iron 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 Shipbuilding Railroad Equipment Thematic Idea Now
Shipbuilding Railroad Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipbuilding Railroad Equipment theme has 16 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 Shipbuilding Railroad Equipment Theme or any other thematic opportunities.
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Additional Tools for Zanaga Stock Analysis
When running Zanaga Iron's price analysis, check to measure Zanaga Iron'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 Zanaga Iron is operating at the current time. Most of Zanaga Iron's value examination focuses on studying past and present price action to predict the probability of Zanaga Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zanaga Iron's price. Additionally, you may evaluate how the addition of Zanaga Iron to your portfolios can decrease your overall portfolio volatility.