Enel SpA Shares Outstanding vs. Price To Earning
| ENLA Stock | EUR 6.75 0.05 0.75% |
For Enel SpA profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Enel SpA to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Enel SpA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Enel SpA's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Enel SpA over time as well as its relative position and ranking within its peers.
Enel |
Enel SpA Price To Earning vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Enel SpA's current stock value. Our valuation model uses many indicators to compare Enel SpA value to that of its competitors to determine the firm's financial worth. Enel SpA is rated # 2 in shares outstanding category among its peers. It is rated # 4 in price to earning category among its peers . The ratio of Shares Outstanding to Price To Earning for Enel SpA is about 801,222,420 . 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 Enel SpA's earnings, one of the primary drivers of an investment's value.Enel Price To Earning vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Enel SpA |
| = | 10.16 B |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Enel SpA |
| = | 12.68 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.
Enel Price To Earning Comparison
Enel SpA is rated # 3 in price to earning category among its peers.
Enel SpA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Enel SpA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Enel SpA will eventually generate negative long term returns. The profitability progress is the general direction of Enel SpA's change in net profit over the period of time. It can combine multiple indicators of Enel SpA, 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.
Enel SpA, together with its subsidiaries, operates as an integrated electricity and gas company in South America, Europe, North and Central America, Africa, and Asia. The company was founded in 1962 and is headquartered in Rome, Italy. Enel SpA operates under Utilities - Diversified classification in Germany and is traded on Frankfurt Stock Exchange. It employs 69909 people.
Enel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Enel SpA. 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 Enel SpA 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 Enel SpA's important profitability drivers and their relationship over time.
Use Enel SpA 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 Enel SpA 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 Enel SpA will appreciate offsetting losses from the drop in the long position's value.Enel SpA Pair Trading
Enel SpA Pair Trading Analysis
The ability to find closely correlated positions to Enel SpA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enel SpA 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 Enel SpA - 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 Enel SpA to buy it.
The correlation of Enel SpA 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 Enel SpA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enel SpA 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 Enel SpA 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 Enel SpA position
In addition to having Enel SpA 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?
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Companies specializing in advertising, marketing and advertising services. The Advertising theme has 42 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 Advertising Theme or any other thematic opportunities.
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Other Information on Investing in Enel Stock
To fully project Enel SpA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Enel SpA 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 Enel SpA's income statement, its balance sheet, and the statement of cash flows.