Australia Return On Equity vs. Price To Book
| ANZ Stock | 28.74 0.14 0.49% |
For Australia profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Australia to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Australia and New utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Australia's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Australia and New over time as well as its relative position and ranking within its peers.
Australia |
Australia and New Price To Book vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Australia's current stock value. Our valuation model uses many indicators to compare Australia value to that of its competitors to determine the firm's financial worth. Australia and New is number one stock in return on equity category among its peers. It is rated fifth in price to book category among its peers fabricating about 13.10 of Price To Book per Return On Equity. 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 Australia's earnings, one of the primary drivers of an investment's value.Australia 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.
Australia |
| = | 0.0934 |
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.
Australia |
| = | 1.22 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.
Australia Price To Book Comparison
Australia is currently under evaluation in price to book category among its peers.
Australia Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Australia, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Australia will eventually generate negative long term returns. The profitability progress is the general direction of Australia's change in net profit over the period of time. It can combine multiple indicators of Australia, 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 | 4.6 B | |
| Net Income | 6.6 B | 3.6 B | |
| Income Tax Expense | 2.8 B | 901 M | |
| Total Other Income Expense Net | 9.4 B | 9.9 B | |
| Net Income Applicable To Common Shares | 4.1 B | 4.9 B | |
| Net Income From Continuing Ops | 3.6 B | 5.6 B | |
| Net Interest Income | 19.1 B | 16.3 B | |
| Interest Income | 57.4 B | 32.7 B | |
| Change To Netincome | -330.1 M | -346.6 M |
Australia Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Australia. 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 Australia 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 Australia's important profitability drivers and their relationship over time.
Use Australia 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 Australia 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 Australia will appreciate offsetting losses from the drop in the long position's value.Australia Pair Trading
Australia and New Pair Trading Analysis
The ability to find closely correlated positions to Australia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Australia 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 Australia - 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 Australia and New to buy it.
The correlation of Australia 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 Australia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Australia and New 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 Australia 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 Australia position
In addition to having Australia 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 Single Stock ETFs Thematic Idea Now
Single Stock ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Single Stock ETFs 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 Single Stock ETFs Theme or any other thematic opportunities.
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Additional Tools for Australia Stock Analysis
When running Australia's price analysis, check to measure Australia's 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 Australia is operating at the current time. Most of Australia's value examination focuses on studying past and present price action to predict the probability of Australia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Australia's price. Additionally, you may evaluate how the addition of Australia to your portfolios can decrease your overall portfolio volatility.