First Philippine Total Asset vs. Cash And Equivalents
| FPH Stock | 60.00 0.80 1.32% |
For First Philippine profitability analysis, we use financial ratios and fundamental drivers that measure the ability of First Philippine to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well First Philippine Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between First Philippine's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of First Philippine Holdings over time as well as its relative position and ranking within its peers.
First |
First Philippine Holdings Cash And Equivalents vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining First Philippine's current stock value. Our valuation model uses many indicators to compare First Philippine value to that of its competitors to determine the firm's financial worth. First Philippine Holdings is one of the top stocks in total asset category among its peers. It also is one of the top stocks in cash and equivalents category among its peers creating about 0.07 of Cash And Equivalents per Total Asset. The ratio of Total Asset to Cash And Equivalents for First Philippine Holdings is roughly 14.43 . 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 First Philippine's earnings, one of the primary drivers of an investment's value.First Cash And Equivalents vs. Total Asset
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
First Philippine |
| = | 394.15 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
First Philippine |
| = | 27.32 B |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
First Cash And Equivalents Comparison
First Philippine is currently under evaluation in cash and equivalents category among its peers.
First Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on First Philippine. 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 First Philippine 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 First Philippine's important profitability drivers and their relationship over time.
Use First Philippine 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 First Philippine 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 First Philippine will appreciate offsetting losses from the drop in the long position's value.First Philippine Pair Trading
First Philippine Holdings Pair Trading Analysis
The ability to find closely correlated positions to First Philippine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Philippine 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 First Philippine - 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 First Philippine Holdings to buy it.
The correlation of First Philippine 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 First Philippine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Philippine 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 First Philippine 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 First Philippine position
In addition to having First Philippine 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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Other Information on Investing in First Stock
To fully project First Philippine's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of First Philippine 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 First Philippine's income statement, its balance sheet, and the statement of cash flows.