HMTNew Technical Return On Equity vs. Price To Book

603306 Stock   30.42  0.67  2.16%   
Taking into consideration HMTNew Technical's profitability measurements, HMTNew Technical may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess HMTNew Technical's ability to earn profits and add value for shareholders.
For HMTNew Technical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HMTNew Technical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HMTNew Technical utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HMTNew Technical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HMTNew Technical over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between HMTNew Technical's value and its price as these two are different measures arrived at by different means. Investors typically determine if HMTNew Technical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HMTNew Technical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

HMTNew Technical Price To Book vs. Return On Equity Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining HMTNew Technical's current stock value. Our valuation model uses many indicators to compare HMTNew Technical value to that of its competitors to determine the firm's financial worth.
HMTNew Technical is number one stock in return on equity category among its peers. It also is number one stock in price to book category among its peers fabricating about  36.93  of Price To Book per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value HMTNew Technical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for HMTNew Technical'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.

HMTNew Price To Book 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.

HMTNew Technical

Return On Equity

 = 

Net Income

Total Equity

 = 
0.0735
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.
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.

HMTNew Technical

P/B

 = 

MV Per Share

BV Per Share

 = 
2.71 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.

HMTNew Price To Book Comparison

HMTNew Technical is currently under evaluation in price to book category among its peers.

HMTNew Technical Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in HMTNew Technical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, HMTNew Technical will eventually generate negative long term returns. The profitability progress is the general direction of HMTNew Technical's change in net profit over the period of time. It can combine multiple indicators of HMTNew Technical, 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 ReportedProjected for Next Year
Operating Income330.4 M230.3 M
Income Before Tax260.7 M232.6 M
Net Income Applicable To Common Shares228.2 M195.6 M
Net Income242 M201 M
Income Tax Expense40.3 M32.8 M
Net Income From Continuing Ops228.3 M180.3 M
Total Other Income Expense Net55.3 M58.1 M
Net Interest Income4.5 M4.3 M
Interest Income14.9 M16.6 M
Change To Netincome51.1 M53.7 M

HMTNew Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on HMTNew Technical. 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 HMTNew Technical 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 HMTNew Technical's important profitability drivers and their relationship over time.

Use HMTNew Technical 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 HMTNew Technical 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 HMTNew Technical will appreciate offsetting losses from the drop in the long position's value.

HMTNew Technical Pair Trading

HMTNew Technical Pair Trading Analysis

The ability to find closely correlated positions to HMTNew Technical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HMTNew Technical 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 HMTNew Technical - 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 HMTNew Technical to buy it.
The correlation of HMTNew Technical 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 HMTNew Technical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HMTNew Technical 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 HMTNew Technical 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your HMTNew Technical position

In addition to having HMTNew Technical 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 Silver Thematic Idea Now

Silver
Silver Theme
Companies involved in mining, production, and distribution of silver and silver goods. The Silver 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 Silver Theme or any other thematic opportunities.
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Other Information on Investing in HMTNew Stock

To fully project HMTNew Technical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of HMTNew Technical 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 HMTNew Technical's income statement, its balance sheet, and the statement of cash flows.
Potential HMTNew Technical investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although HMTNew Technical investors may work on each financial statement separately, they are all related. The changes in HMTNew Technical's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on HMTNew Technical's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.