Partner Communications Stock Current Ratio
Partner Communications fundamentals help investors to digest information that contributes to Partner Communications' financial success or failures. It also enables traders to predict the movement of Partner Stock. The fundamental analysis module provides a way to measure Partner Communications' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Partner Communications stock.
Partner |
Partner Communications Company Current Ratio Analysis
Partner Communications' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Partner Communications Current Ratio | 1.11 X |
Most of Partner Communications' fundamental indicators, such as Current Ratio, 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, Partner Communications is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, Partner Communications has a Current Ratio of 1.11 times. This is 11.0% higher than that of the Wireless Telecommunication Services sector and 28.85% lower than that of the Communication Services industry. The current ratio for all United States stocks is 48.61% higher than that of the company.
Partner Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Partner Communications' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Partner Communications could also be used in its relative valuation, which is a method of valuing Partner Communications by comparing valuation metrics of similar companies.Partner Communications is currently under evaluation in current ratio category among its peers.
Partner Fundamentals
| Return On Equity | 0.11 | |||
| Return On Asset | 0.036 | |||
| Profit Margin | 0.06 % | |||
| Current Valuation | 1.7 B | |||
| Shares Outstanding | 186.27 M | |||
| Shares Owned By Insiders | 0.36 % | |||
| Shares Owned By Institutions | 1.49 % | |||
| Number Of Shares Shorted | 9 | |||
| Price To Earning | 26.48 X | |||
| Price To Book | 2.17 X | |||
| Price To Sales | 1.27 X | |||
| Revenue | 3.36 B | |||
| Gross Profit | 631 M | |||
| EBITDA | 880 M | |||
| Net Income | 115 M | |||
| Cash And Equivalents | 179 M | |||
| Cash Per Share | 1.10 X | |||
| Total Debt | 2.4 B | |||
| Debt To Equity | 1.10 % | |||
| Current Ratio | 1.11 X | |||
| Book Value Per Share | 2.36 X | |||
| Cash Flow From Operations | 774 M | |||
| Earnings Per Share | 0.32 X | |||
| Target Price | 22.0 | |||
| Number Of Employees | 2.66 K | |||
| Beta | 0.78 | |||
| Market Capitalization | 1.25 B | |||
| Total Asset | 5.39 B | |||
| Retained Earnings | 742 M | |||
| Working Capital | 67 M | |||
| Z Score | 1.68 | |||
| Net Asset | 5.39 B |
Pair Trading with Partner Communications
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 Partner Communications 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 Partner Communications will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Adobe Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe Systems 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 Adobe Systems - 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 Adobe Systems Incorporated to buy it.
The correlation of Adobe Systems 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 Adobe Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adobe Systems 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 Adobe Systems 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.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Consideration for investing in Partner Stock
If you are still planning to invest in Partner Communications check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Partner Communications' history and understand the potential risks before investing.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |