Porsche Automobil Price To Book vs. Cash And Equivalents
| PAH3 Stock | 35.86 0.13 0.36% |
For Porsche Automobil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Porsche Automobil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Porsche Automobil Holding utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Porsche Automobil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Porsche Automobil Holding over time as well as its relative position and ranking within its peers.
Porsche |
Porsche Automobil Holding Cash And Equivalents vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Porsche Automobil's current stock value. Our valuation model uses many indicators to compare Porsche Automobil value to that of its competitors to determine the firm's financial worth. Porsche Automobil Holding is considered to be number one stock in price to book category among its peers. It also is considered to be number one stock in cash and equivalents category among its peers creating about 828,239,609 of Cash And Equivalents per Price To Book. 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 Porsche Automobil's earnings, one of the primary drivers of an investment's value.Porsche Cash And Equivalents vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Porsche Automobil |
| = | 0.33 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Porsche Automobil |
| = | 271 M |
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).
Porsche Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Porsche Automobil. 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 Porsche Automobil 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 Porsche Automobil's important profitability drivers and their relationship over time.
Use Porsche Automobil 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 Porsche Automobil 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 Porsche Automobil will appreciate offsetting losses from the drop in the long position's value.Porsche Automobil Pair Trading
Porsche Automobil Holding Pair Trading Analysis
The ability to find closely correlated positions to Porsche Automobil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Porsche Automobil 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 Porsche Automobil - 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 Porsche Automobil Holding to buy it.
The correlation of Porsche Automobil 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 Porsche Automobil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Porsche Automobil Holding 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 Porsche Automobil 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 Porsche Automobil position
In addition to having Porsche Automobil 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 Porsche Stock
To fully project Porsche Automobil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Porsche Automobil Holding 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 Porsche Automobil's income statement, its balance sheet, and the statement of cash flows.