Bittium Oyj Revenue vs. Price To Earning
| BITTI Stock | EUR 7.08 0.18 2.61% |
For Bittium Oyj profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bittium Oyj to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bittium Oyj utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bittium Oyj's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bittium Oyj over time as well as its relative position and ranking within its peers.
Bittium |
Bittium Oyj Price To Earning vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bittium Oyj's current stock value. Our valuation model uses many indicators to compare Bittium Oyj value to that of its competitors to determine the firm's financial worth. Bittium Oyj is the top company in revenue category among its peers. It also is number one stock in price to earning category among its peers . The ratio of Revenue to Price To Earning for Bittium Oyj is about 2,179,657 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Bittium Oyj by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bittium Oyj'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.Bittium Revenue vs. Competition
Bittium Oyj is the top company in revenue category among its peers. Market size based on revenue of Information Technology industry is currently estimated at about 4.29 Billion. Bittium Oyj claims roughly 82.5 Million in revenue contributing just under 2% to equities under Information Technology industry.
Bittium Price To Earning 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.
Bittium Oyj |
| = | 82.5 M |
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.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Bittium Oyj |
| = | 37.85 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Bittium Price To Earning Comparison
Bittium Oyj is currently under evaluation in price to earning category among its peers.
Bittium Oyj Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bittium Oyj, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bittium Oyj will eventually generate negative long term returns. The profitability progress is the general direction of Bittium Oyj's change in net profit over the period of time. It can combine multiple indicators of Bittium Oyj, 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.
Bittium Oyj develops communications and connectivity solutions worldwide. Bittium Oyj was founded in 1985 and is headquartered in Oulu, Finland. Bittium operates under Diversified Telecommunications classification in Finland and is traded on Helsinki Exchange. It employs 680 people.
Bittium Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bittium Oyj. 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 Bittium Oyj 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 Bittium Oyj's important profitability drivers and their relationship over time.
Use Bittium Oyj 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 Bittium Oyj 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 Bittium Oyj will appreciate offsetting losses from the drop in the long position's value.Bittium Oyj Pair Trading
Bittium Oyj Pair Trading Analysis
The ability to find closely correlated positions to Bittium Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bittium Oyj 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 Bittium Oyj - 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 Bittium Oyj to buy it.
The correlation of Bittium Oyj 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 Bittium Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bittium Oyj 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 Bittium Oyj 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 Bittium Oyj position
In addition to having Bittium Oyj 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 Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 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 Services Theme or any other thematic opportunities.
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Other Information on Investing in Bittium Stock
To fully project Bittium Oyj's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bittium Oyj 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 Bittium Oyj's income statement, its balance sheet, and the statement of cash flows.