PENN NATL Total Asset vs. Revenue
| PN1 Stock | EUR 18.72 0.67 3.46% |
For PENN NATL profitability analysis, we use financial ratios and fundamental drivers that measure the ability of PENN NATL to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well PENN NATL GAMING utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between PENN NATL's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of PENN NATL GAMING over time as well as its relative position and ranking within its peers.
PENN |
PENN NATL GAMING Revenue vs. Total Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining PENN NATL's current stock value. Our valuation model uses many indicators to compare PENN NATL value to that of its competitors to determine the firm's financial worth. PENN NATL GAMING is rated below average in total asset category among its peers. It also is rated below average in revenue category among its peers totaling about 0.37 of Revenue per Total Asset. The ratio of Total Asset to Revenue for PENN NATL GAMING is roughly 2.73 . 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 PENN NATL's earnings, one of the primary drivers of an investment's value.PENN Revenue 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.
PENN NATL |
| = | 17.5 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.
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.
PENN NATL |
| = | 6.4 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.
PENN Revenue vs Competition
PENN NATL GAMING is rated below average in revenue category among its peers. Market size based on revenue of Other industry is at this time estimated at about 2.38 Trillion. PENN NATL adds roughly 6.4 Billion in revenue claiming only tiny portion of all equities under Other industry.
PENN Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on PENN NATL. 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 PENN NATL 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 PENN NATL's important profitability drivers and their relationship over time.
Use PENN NATL 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 PENN NATL 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 PENN NATL will appreciate offsetting losses from the drop in the long position's value.PENN NATL Pair Trading
PENN NATL GAMING Pair Trading Analysis
The ability to find closely correlated positions to PENN NATL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PENN NATL 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 PENN NATL - 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 PENN NATL GAMING to buy it.
The correlation of PENN NATL 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 PENN NATL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PENN NATL GAMING 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 PENN NATL 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 PENN NATL position
In addition to having PENN NATL 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 Recreation Thematic Idea Now
Recreation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 34 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 Recreation Theme or any other thematic opportunities.
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Other Information on Investing in PENN Stock
To fully project PENN NATL's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of PENN NATL GAMING 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 PENN NATL's income statement, its balance sheet, and the statement of cash flows.