ANZ Group Return On Equity vs. Net Income
| AN3PI Stock | 104.30 0.23 0.22% |
For ANZ Group profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ANZ Group to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ANZ Group Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ANZ Group's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ANZ Group Holdings over time as well as its relative position and ranking within its peers.
ANZ |
ANZ Group Holdings Net Income vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ANZ Group's current stock value. Our valuation model uses many indicators to compare ANZ Group value to that of its competitors to determine the firm's financial worth. ANZ Group Holdings is number one stock in return on equity category among its peers. It also is number one stock in net income category among its peers making up about 65,634,365,634 of Net Income per Return On Equity. At present, ANZ Group's Net Income 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 ANZ Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for ANZ Group'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.ANZ Net Income 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.
ANZ Group |
| = | 0.1 |
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.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
ANZ Group |
| = | 6.57 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
ANZ Net Income Comparison
ANZ Group is currently under evaluation in net income category among its peers.
ANZ Group Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ANZ Group, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ANZ Group will eventually generate negative long term returns. The profitability progress is the general direction of ANZ Group's change in net profit over the period of time. It can combine multiple indicators of ANZ Group, 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 | ||
| Accumulated Other Comprehensive Income | -1.6 B | -1.5 B | |
| Operating Income | 11.5 B | 7.8 B | |
| Income Before Tax | 9.4 B | 5.6 B | |
| Net Income | 6.6 B | 6 B | |
| Income Tax Expense | 2.8 B | 1.7 B | |
| Total Other Income Expense Net | 9.4 B | 9.9 B | |
| Net Interest Income | 19.1 B | 16.4 B | |
| Interest Income | 57.4 B | 32.3 B | |
| Net Income From Continuing Ops | 8.2 B | 6.6 B |
ANZ Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ANZ Group. 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 ANZ Group 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 ANZ Group's important profitability drivers and their relationship over time.
Use ANZ Group 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 ANZ Group 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 ANZ Group will appreciate offsetting losses from the drop in the long position's value.ANZ Group Pair Trading
ANZ Group Holdings Pair Trading Analysis
The ability to find closely correlated positions to ANZ Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANZ Group 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 ANZ Group - 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 ANZ Group Holdings to buy it.
The correlation of ANZ Group 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 ANZ Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANZ Group Holdings 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 ANZ Group 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 ANZ Group position
In addition to having ANZ Group 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 Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 100 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 Gold and Gold Mining Theme or any other thematic opportunities.
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Other Information on Investing in ANZ Stock
To fully project ANZ Group's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of ANZ Group Holdings 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 ANZ Group's income statement, its balance sheet, and the statement of cash flows.