Pioneering Technology Price To Earning vs. Return On Asset

PTE Stock  CAD 0.01  0.00  0.00%   
Based on the key profitability measurements obtained from Pioneering Technology's financial statements, Pioneering Technology's profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess Pioneering Technology's ability to earn profits and add value for shareholders. At this time, Pioneering Technology's Price To Sales Ratio is fairly stable compared to the past year. EV To Sales is likely to climb to 13.07 in 2024, despite the fact that Operating Cash Flow Sales Ratio is likely to grow to (247.75). At this time, Pioneering Technology's Income Tax Expense is fairly stable compared to the past year. Interest Income is likely to climb to about 50.5 K in 2024, whereas Operating Income is likely to drop (776.9 K) in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.630.54
Fairly Up
Slightly volatile
For Pioneering Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Pioneering Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Pioneering Technology Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Pioneering Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Pioneering Technology Corp over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Pioneering Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneering Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneering Technology'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.

Pioneering Technology Return On Asset vs. Price To Earning Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Pioneering Technology's current stock value. Our valuation model uses many indicators to compare Pioneering Technology value to that of its competitors to determine the firm's financial worth.
Pioneering Technology Corp is considered to be number one stock in price to earning category among its peers. It is regarded fourth in return on asset category among its peers . Return On Assets is likely to climb to -7.99 in 2024. 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 Pioneering Technology's earnings, one of the primary drivers of an investment's value.

Pioneering Return On Asset vs. Price To Earning

Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Pioneering Technology

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
25.91 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.

Pioneering Technology

Return On Asset

 = 

Net Income

Total Assets

 = 
-0.12
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.

Pioneering Return On Asset Comparison

Pioneering Technology is currently under evaluation in return on asset category among its peers.

Pioneering Technology Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Pioneering Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Pioneering Technology will eventually generate negative long term returns. The profitability progress is the general direction of Pioneering Technology's change in net profit over the period of time. It can combine multiple indicators of Pioneering Technology, 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 ReportedProjected for Next Year
Accumulated Other Comprehensive Income-127.8 K-134.2 K
Operating Income-739.9 K-776.9 K
Net Loss-772.6 K-811.2 K
Income Tax Expense91.7 K94 K
Income Before Tax-772.6 K-811.2 K
Total Other Income Expense Net-100.2 K-105.2 K
Net Loss-604.6 K-634.9 K
Net Loss-562.7 K-590.8 K
Net Interest Income-43.5 K-45.7 K
Interest Income48.1 K50.5 K
Change To Netincome133.2 K126.5 K
Net Loss(9.04)(8.59)
Income Quality 0.60  0.63 
Net Income Per E B T 1.31  1.37 

Pioneering Profitability Driver Comparison

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

Use Pioneering Technology 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 Pioneering Technology 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 Pioneering Technology will appreciate offsetting losses from the drop in the long position's value.

Pioneering Technology Pair Trading

Pioneering Technology Corp Pair Trading Analysis

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

In addition to having Pioneering Technology 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.

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Run ESG Investing Thematic Idea Now

ESG Investing
ESG Investing Theme
Sustainable investments that promote the conservation of the natural world, social resposibility, freindly employees policies and strong governance. The ESG Investing theme has 51 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 ESG Investing Theme or any other thematic opportunities.
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Additional Tools for Pioneering Stock Analysis

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