Attendo AB Revenue vs. Return On Asset
| ATT Stock | SEK 52.60 0.40 0.77% |
For Attendo AB profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Attendo AB to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Attendo AB utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Attendo AB's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Attendo AB over time as well as its relative position and ranking within its peers.
Attendo |
Attendo AB Return On Asset vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Attendo AB's current stock value. Our valuation model uses many indicators to compare Attendo AB value to that of its competitors to determine the firm's financial worth. Attendo AB is the top company in revenue category among its peers. It also is number one stock in return on asset category among its peers . The ratio of Revenue to Return On Asset for Attendo AB is about 726,949,152,542 . 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 Attendo AB's earnings, one of the primary drivers of an investment's value.Attendo Revenue vs. Competition
Attendo AB is the top company in revenue category among its peers. Market size based on revenue of Medical Care industry is presently estimated at about 131.88 Billion. Attendo AB holds roughly 12.87 Billion in revenue claiming about 10% of all equities under Medical Care industry.
Attendo Return On Asset vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Attendo AB |
| = | 12.87 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
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.
Attendo AB |
| = | 0.0177 |
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.
Attendo Return On Asset Comparison
Attendo AB is currently under evaluation in return on asset category among its peers.
Attendo AB Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Attendo AB, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Attendo AB will eventually generate negative long term returns. The profitability progress is the general direction of Attendo AB's change in net profit over the period of time. It can combine multiple indicators of Attendo AB, 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.
Attendo AB provides financed care services in Sweden, Finland, Norway, and Denmark. The company was founded in 1985 and is headquartered in Danderyd, Sweden. Attendo AB operates under Healthcare Services classification in Sweden and is traded on Stockholm Stock Exchange. It employs 24000 people.
Attendo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Attendo AB. 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 Attendo AB 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 Attendo AB's important profitability drivers and their relationship over time.
Use Attendo AB 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 Attendo AB 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 Attendo AB will appreciate offsetting losses from the drop in the long position's value.Attendo AB Pair Trading
Attendo AB Pair Trading Analysis
The ability to find closely correlated positions to Attendo AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Attendo AB 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 Attendo AB - 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 Attendo AB to buy it.
The correlation of Attendo AB 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 Attendo AB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Attendo AB 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 Attendo AB 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 Attendo AB position
In addition to having Attendo AB 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 Wholesale Thematic Idea Now
Wholesale
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 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 Wholesale Theme or any other thematic opportunities.
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Additional Tools for Attendo Stock Analysis
When running Attendo AB's price analysis, check to measure Attendo AB'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 Attendo AB is operating at the current time. Most of Attendo AB's value examination focuses on studying past and present price action to predict the probability of Attendo AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Attendo AB's price. Additionally, you may evaluate how the addition of Attendo AB to your portfolios can decrease your overall portfolio volatility.