ViroGates Financial Statements From 2010 to 2024
| VIRO Stock | 13.70 0.60 4.20% |
Check ViroGates financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ViroGates' main balance sheet or income statement drivers, such as , as well as many indicators such as . ViroGates financial statements analysis is a perfect complement when working with ViroGates Valuation or Volatility modules.
ViroGates |
ViroGates AS Company Return On Equity Analysis
ViroGates' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current ViroGates Return On Equity | -0.62 |
Most of ViroGates' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ViroGates AS is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, ViroGates AS has a Return On Equity of -0.6204. This is 97.41% lower than that of the Healthcare sector and 92.89% lower than that of the Medical Devices industry. The return on equity for all Denmark stocks is 100.13% higher than that of the company.
ViroGates AS Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining ViroGates's current stock value. Our valuation model uses many indicators to compare ViroGates value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ViroGates competition to find correlations between indicators driving ViroGates's intrinsic value. More Info.ViroGates AS is rated first in return on equity category among its peers. It is rated first in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value ViroGates by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ViroGates' Stock. 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.About ViroGates Financial Statements
ViroGates investors utilize fundamental indicators, such as revenue or net income, to predict how ViroGates Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Pair Trading with ViroGates
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 ViroGates 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 ViroGates will appreciate offsetting losses from the drop in the long position's value.Moving together with ViroGates Stock
Moving against ViroGates Stock
| 0.8 | AMBU-B | Ambu AS | PairCorr |
| 0.8 | ORSTED | Orsted AS | PairCorr |
| 0.75 | JYSK | Jyske Bank AS | PairCorr |
| 0.64 | NOVO-B | Novo Nordisk AS | PairCorr |
| 0.53 | GN | GN Store Nord | PairCorr |
The ability to find closely correlated positions to ViroGates could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ViroGates 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 ViroGates - 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 ViroGates AS to buy it.
The correlation of ViroGates 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 ViroGates moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ViroGates AS 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 ViroGates 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.Other Information on Investing in ViroGates Stock
ViroGates financial ratios help investors to determine whether ViroGates Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ViroGates with respect to the benefits of owning ViroGates security.