Hoya Corp Return On Asset vs. Revenue

HOCPY Stock  USD 133.26  0.97  0.72%   
Considering Hoya Corp's profitability and operating efficiency indicators, Hoya Corp may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Hoya Corp's ability to earn profits and add value for shareholders.
For Hoya Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hoya Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hoya Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hoya Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hoya Corp over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Hoya Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hoya Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hoya Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hoya Corp Revenue vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Hoya Corp's current stock value. Our valuation model uses many indicators to compare Hoya Corp value to that of its competitors to determine the firm's financial worth.
Hoya Corp is one of the top stocks in return on asset category among its peers. It also is rated as one of the top companies in revenue category among its peers totaling about  5,070,537,065,053  of Revenue per Return On Asset. Comparative valuation analysis is a catch-all model that can be used if you cannot value Hoya Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Hoya Corp's Pink Sheet. 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.

Hoya Revenue vs. Return On Asset

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.

Hoya Corp

Return On Asset

 = 

Net Income

Total Assets

 = 
0.13
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.
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.

Hoya Corp

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
670.33 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.

Hoya Revenue vs Competition

Hoya Corp is rated as one of the top companies in revenue category among its peers. Market size based on revenue of Medical Instruments & Supplies industry is currently estimated at about 1.14 Trillion. Hoya Corp totals roughly 670.33 Billion in revenue claiming about 59% of all equities under Medical Instruments & Supplies industry.

Hoya Corp Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Hoya Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hoya Corp will eventually generate negative long term returns. The profitability progress is the general direction of Hoya Corp's change in net profit over the period of time. It can combine multiple indicators of Hoya Corp, 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.
HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. HOYA Corporation was founded in 1941 and is headquartered in Tokyo, Japan. Hoya Corp operates under Medical Instruments Supplies classification in the United States and is traded on OTC Exchange. It employs 38376 people.

Hoya Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Hoya Corp. 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 Hoya Corp 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 Hoya Corp's important profitability drivers and their relationship over time.

Use Hoya Corp 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 Hoya Corp 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 Hoya Corp will appreciate offsetting losses from the drop in the long position's value.

Hoya Corp Pair Trading

Hoya Corp Pair Trading Analysis

The ability to find closely correlated positions to Hoya Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hoya Corp 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 Hoya Corp - 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 Hoya Corp to buy it.
The correlation of Hoya Corp 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 Hoya Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hoya Corp 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 Hoya Corp 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Hoya Corp position

In addition to having Hoya Corp 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 Manufacturing Thematic Idea Now

Manufacturing
Manufacturing Theme
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. The Manufacturing theme has 20 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 Manufacturing Theme or any other thematic opportunities.
View All  Next Launch

Additional Tools for Hoya Pink Sheet Analysis

When running Hoya Corp's price analysis, check to measure Hoya Corp'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 Hoya Corp is operating at the current time. Most of Hoya Corp's value examination focuses on studying past and present price action to predict the probability of Hoya Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hoya Corp's price. Additionally, you may evaluate how the addition of Hoya Corp to your portfolios can decrease your overall portfolio volatility.