Ming Yang Profitability Analysis
| 601615 Stock | 13.82 0.05 0.36% |
Net Income | First Reported 2019-03-31 | Previous Quarter 356.5 M | Current Value 147.9 M | Quarterly Volatility 511.8 M |
For Ming Yang profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ming Yang to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ming Yang Smart utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ming Yang's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ming Yang Smart over time as well as its relative position and ranking within its peers.
Ming |
Ming Yang Smart Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ming Yang's current stock value. Our valuation model uses many indicators to compare Ming Yang value to that of its competitors to determine the firm's financial worth. Ming Yang Smart is number one stock in return on equity category among its peers. It is rated second in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ming Yang by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ming Yang's 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.Ming Return On Asset vs. Return On Equity
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.
Ming Yang |
| = | -0.001 |
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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Ming Yang |
| = | -0.0051 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Ming Return On Asset Comparison
Ming Yang is currently under evaluation in return on asset category among its peers.
Ming Yang Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ming Yang, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ming Yang will eventually generate negative long term returns. The profitability progress is the general direction of Ming Yang's change in net profit over the period of time. It can combine multiple indicators of Ming Yang, 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 | ||
| Net Interest Income | -177.6 M | -186.5 M | |
| Interest Income | 235.7 M | 131.8 M | |
| Operating Income | 378.8 M | 359.8 M | |
| Net Income From Continuing Ops | 380.1 M | 361.1 M | |
| Income Before Tax | 354.7 M | 336.9 M | |
| Net Income Applicable To Common Shares | 3.6 B | 3.7 B | |
| Net Income | 372.5 M | 353.8 M | |
| Income Tax Expense | 724.5 M | 760.7 M | |
| Change To Netincome | -292.9 M | -278.2 M |
Ming Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ming Yang. 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 Ming Yang 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 Ming Yang's important profitability drivers and their relationship over time.
Use Ming Yang 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 Ming Yang 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 Ming Yang will appreciate offsetting losses from the drop in the long position's value.Ming Yang Pair Trading
Ming Yang Smart Pair Trading Analysis
The ability to find closely correlated positions to Ming Yang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ming Yang 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 Ming Yang - 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 Ming Yang Smart to buy it.
The correlation of Ming Yang 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 Ming Yang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ming Yang Smart 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 Ming Yang 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 Ming Yang position
In addition to having Ming Yang 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 Alternative Energy Thematic Idea Now
Alternative Energy
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 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 Alternative Energy Theme or any other thematic opportunities.
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Other Information on Investing in Ming Stock
To fully project Ming Yang's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ming Yang Smart 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 Ming Yang's income statement, its balance sheet, and the statement of cash flows.