Hiscox Gross Profit vs. Price To Sales
| HSX Stock | 1,134 3.00 0.26% |
Gross Profit | First Reported 2006-01-31 | Previous Quarter 861.1 M | Current Value 861.1 M | Quarterly Volatility 143.5 M |
For Hiscox profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hiscox to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hiscox utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hiscox's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hiscox over time as well as its relative position and ranking within its peers.
Hiscox |
Hiscox Price To Sales vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hiscox's current stock value. Our valuation model uses many indicators to compare Hiscox value to that of its competitors to determine the firm's financial worth. Hiscox is one of the top stocks in gross profit category among its peers. It also is one of the top stocks in price to sales category among its peers . The ratio of Gross Profit to Price To Sales for Hiscox is about 429,512,644 . At present, Hiscox's Gross Profit is projected to increase significantly based on the last few years of reporting. 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 Hiscox's earnings, one of the primary drivers of an investment's value.Hiscox Price To Sales vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Hiscox |
| = | 443.3 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Hiscox |
| = | 1.03 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Hiscox Price To Sales Comparison
Hiscox is currently under evaluation in price to sales category among its peers.
Hiscox Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hiscox, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hiscox will eventually generate negative long term returns. The profitability progress is the general direction of Hiscox's change in net profit over the period of time. It can combine multiple indicators of Hiscox, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -379.2 M | -360.2 M | |
| Operating Income | 3.6 B | 3.8 B | |
| Income Before Tax | 625.9 M | 657.2 M | |
| Total Other Income Expense Net | -3 B | -2.8 B | |
| Net Income Applicable To Common Shares | 37.5 M | 35.7 M | |
| Net Income | 625.9 M | 657.2 M | |
| Income Tax Expense | -86.1 M | -81.8 M | |
| Net Income From Continuing Ops | 712 M | 747.6 M | |
| Net Interest Income | -50 M | -52.5 M | |
| Interest Income | 96 M | 108.7 M | |
| Change To Netincome | 285.5 M | 299.8 M |
Hiscox Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hiscox. 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 Hiscox 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 Hiscox's important profitability drivers and their relationship over time.
Use Hiscox 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 Hiscox 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 Hiscox will appreciate offsetting losses from the drop in the long position's value.Hiscox Pair Trading
Hiscox Pair Trading Analysis
The ability to find closely correlated positions to Hiscox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hiscox 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 Hiscox - 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 Hiscox to buy it.
The correlation of Hiscox 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 Hiscox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hiscox 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 Hiscox 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 Hiscox position
In addition to having Hiscox 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 Hiscox Stock
To fully project Hiscox's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hiscox 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 Hiscox's income statement, its balance sheet, and the statement of cash flows.