Ping Identity Gross Profit vs. Return On Equity
Based on the key profitability measurements obtained from Ping Identity's financial statements, Ping Identity Holding may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Ping Identity's ability to earn profits and add value for shareholders.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Please note, there is a significant difference between Ping Identity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ping Identity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ping Identity'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.
For Ping Identity profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ping Identity to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ping Identity Holding utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ping Identity's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ping Identity Holding over time as well as its relative position and ranking within its peers.
Ping |
Ping Identity Holding Return On Equity vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ping Identity's current stock value. Our valuation model uses many indicators to compare Ping Identity value to that of its competitors to determine the firm's financial worth. Ping Identity Holding is considered to be number one stock in gross profit category among its peers. It also is considered to be number one stock in return on equity category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Ping Identity by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Ping Return On Equity 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.
Ping Identity |
| = | 231.51 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.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Ping Identity |
| = | -14.78 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Ping Return On Equity Comparison
Ping Identity is currently under evaluation in return on equity category among its peers.
Ping Identity Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ping Identity, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ping Identity will eventually generate negative long term returns. The profitability progress is the general direction of Ping Identity's change in net profit over the period of time. It can combine multiple indicators of Ping Identity, 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.
Ping Identity Holding Corp., doing business as Ping Identity Corporation, offers intelligent identity solutions for the enterprise in the United States and internationally. Ping Identity Holding Corp. was incorporated in 2016 and is headquartered in Denver, Colorado. Ping Identity operates under SoftwareInfrastructure classification in the United States and is traded on NYQ Exchange. It employs 1247 people.
Ping Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ping Identity. 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 Ping Identity 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 Ping Identity's important profitability drivers and their relationship over time.
Use Ping Identity 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 Ping Identity 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 Ping Identity will appreciate offsetting losses from the drop in the long position's value.Ping Identity Pair Trading
Ping Identity Holding Pair Trading Analysis
The ability to find closely correlated positions to Patterson Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson Companies 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 Patterson Companies - 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 Patterson Companies to buy it.
The correlation of Patterson Companies 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 Patterson Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson Companies 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 Patterson Companies 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 Ping Identity position
In addition to having Ping Identity 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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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Consideration for investing in Ping Stock
If you are still planning to invest in Ping Identity Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ping Identity's history and understand the potential risks before investing.
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