Unitech Electronics Beta vs. Gross Profit
| 3652 Stock | 36.55 0.60 1.62% |
For Unitech Electronics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Unitech Electronics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Unitech Electronics Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Unitech Electronics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Unitech Electronics Co over time as well as its relative position and ranking within its peers.
Unitech |
Unitech Electronics Gross Profit vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Unitech Electronics's current stock value. Our valuation model uses many indicators to compare Unitech Electronics value to that of its competitors to determine the firm's financial worth. Unitech Electronics Co is number one stock in beta category among its peers. It also is number one stock in gross profit category among its peers fabricating about 780,167,360 of Gross Profit per Beta. 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 Unitech Electronics' earnings, one of the primary drivers of an investment's value.Unitech Gross Profit 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.
Unitech Electronics |
| = | 0.96 |
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.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Unitech Electronics |
| = | 750.52 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Unitech Gross Profit Comparison
Unitech Electronics is currently under evaluation in gross profit category among its peers.
Beta Analysis
Unitech Electronics returns are very sensitive to returns on the market. As the market goes up or down, Unitech Electronics is expected to follow.
Unitech Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Unitech Electronics. 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 Unitech Electronics 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 Unitech Electronics' important profitability drivers and their relationship over time.
Use Unitech Electronics 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 Unitech Electronics 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 Unitech Electronics will appreciate offsetting losses from the drop in the long position's value.Unitech Electronics Pair Trading
Unitech Electronics Co Pair Trading Analysis
The ability to find closely correlated positions to Unitech Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Unitech Electronics 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 Unitech Electronics - 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 Unitech Electronics Co to buy it.
The correlation of Unitech Electronics 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 Unitech Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unitech Electronics 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 Unitech Electronics 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 Unitech Electronics position
In addition to having Unitech Electronics 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 Compulsion Thematic Idea Now
Compulsion
Companies involved in research, development, and manufacturing of products with compulsion characteristics such as cigarettes, addictive drugs and alcohol. The Compulsion theme has 40 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 Compulsion Theme or any other thematic opportunities.
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Additional Tools for Unitech Stock Analysis
When running Unitech Electronics' price analysis, check to measure Unitech Electronics' 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 Unitech Electronics is operating at the current time. Most of Unitech Electronics' value examination focuses on studying past and present price action to predict the probability of Unitech Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unitech Electronics' price. Additionally, you may evaluate how the addition of Unitech Electronics to your portfolios can decrease your overall portfolio volatility.