IRay Technology EBITDA vs. Return On Equity
| 688301 Stock | 100.29 0.62 0.62% |
EBITDA | First Reported 2010-12-31 | Previous Quarter 683.3 M | Current Value 366.3 M | Quarterly Volatility 207.1 M |
For IRay Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IRay Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well iRay Technology Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IRay Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of iRay Technology Co over time as well as its relative position and ranking within its peers.
IRay |
iRay Technology Return On Equity vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IRay Technology's current stock value. Our valuation model uses many indicators to compare IRay Technology value to that of its competitors to determine the firm's financial worth. iRay Technology Co is number one stock in ebitda category among its peers. It also is number one stock in return on equity category among its peers . The ratio of EBITDA to Return On Equity for iRay Technology Co is about 4,107,762,371 . At present, IRay Technology's EBITDA is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all model that can be used if you cannot value IRay Technology by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IRay Technology'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.IRay Return On Equity vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
IRay Technology |
| = | 526.62 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
IRay Technology |
| = | 0.13 |
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.
IRay Return On Equity Comparison
IRay Technology is currently under evaluation in return on equity category among its peers.
IRay Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IRay Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IRay Technology will eventually generate negative long term returns. The profitability progress is the general direction of IRay Technology's change in net profit over the period of time. It can combine multiple indicators of IRay Technology, 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 | 13.3 M | 13.8 M | |
| Interest Income | 39.8 M | 24.7 M | |
| Operating Income | 719.2 M | 452.8 M | |
| Net Income From Continuing Ops | 604.8 M | 450.2 M | |
| Income Before Tax | 685 M | 508.4 M | |
| Net Income | 607.5 M | 451.3 M |
IRay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IRay Technology. 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 IRay Technology 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 IRay Technology's important profitability drivers and their relationship over time.
Use IRay Technology 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 IRay Technology 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 IRay Technology will appreciate offsetting losses from the drop in the long position's value.IRay Technology Pair Trading
iRay Technology Co Pair Trading Analysis
The ability to find closely correlated positions to IRay Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IRay Technology 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 IRay Technology - 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 iRay Technology Co to buy it.
The correlation of IRay Technology 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 IRay Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iRay Technology 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 IRay Technology 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 IRay Technology position
In addition to having IRay Technology 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 Toys Thematic Idea Now
Toys
Companies producing and distributing toys and different gaming products for kids. The Toys theme has 45 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 Toys Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in IRay Stock
To fully project IRay Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of iRay Technology 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 IRay Technology's income statement, its balance sheet, and the statement of cash flows.