Reliance Chemotex Revenue vs. Shares Owned By Institutions
| RELCHEMQ | 206.91 3.11 1.48% |
Total Revenue | First Reported 2008-03-31 | Previous Quarter 925.7 M | Current Value 916 M | Quarterly Volatility 166.8 M |
For Reliance Chemotex profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Reliance Chemotex to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Reliance Chemotex Industries utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Reliance Chemotex's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Reliance Chemotex Industries over time as well as its relative position and ranking within its peers.
Reliance |
Reliance Chemotex Shares Owned By Institutions vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Reliance Chemotex's current stock value. Our valuation model uses many indicators to compare Reliance Chemotex value to that of its competitors to determine the firm's financial worth. Reliance Chemotex Industries is currently regarded number one company in revenue category among its peers. It also is currently regarded as top stock in shares owned by institutions category among its peers . The ratio of Revenue to Shares Owned By Institutions for Reliance Chemotex Industries is about 2,532,331,034 . At this time, Reliance Chemotex's Total Revenue is very stable compared to the past year. 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 Reliance Chemotex's earnings, one of the primary drivers of an investment's value.Reliance Revenue vs. Competition
Reliance Chemotex Industries is currently regarded number one company in revenue category among its peers. Market size based on revenue of Consumer Discretionary industry is at this time estimated at about 67.74 Billion. Reliance Chemotex holds roughly 3.67 Billion in revenue claiming about 5% of stocks in Consumer Discretionary industry.
Reliance Shares Owned By Institutions vs. Revenue
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.
Reliance Chemotex |
| = | 3.67 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.
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Reliance Chemotex |
| = | 1.45 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Reliance Shares Owned By Institutions Comparison
Reliance Chemotex is currently under evaluation in shares owned by institutions category among its peers.
Reliance Chemotex Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Reliance Chemotex, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Reliance Chemotex will eventually generate negative long term returns. The profitability progress is the general direction of Reliance Chemotex's change in net profit over the period of time. It can combine multiple indicators of Reliance Chemotex, 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 | 74.2 M | 77.9 M | |
| Operating Income | 240.7 M | 131.3 M | |
| Income Before Tax | 64.7 M | 86 M | |
| Net Income | 36.9 M | 35.1 M | |
| Income Tax Expense | 27.8 M | 23.2 M | |
| Total Other Income Expense Net | -175.9 M | -184.7 M | |
| Net Interest Income | -176.1 M | -184.9 M | |
| Interest Income | 44.5 M | 25.2 M | |
| Net Income From Continuing Ops | 28.9 M | 27.4 M | |
| Net Income Applicable To Common Shares | 142.8 M | 128.7 M | |
| Change To Netincome | 115.7 M | 127.5 M |
Reliance Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Reliance Chemotex. 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 Reliance Chemotex 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 Reliance Chemotex's important profitability drivers and their relationship over time.
Use Reliance Chemotex 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 Reliance Chemotex 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 Reliance Chemotex will appreciate offsetting losses from the drop in the long position's value.Reliance Chemotex Pair Trading
Reliance Chemotex Industries Pair Trading Analysis
The ability to find closely correlated positions to Reliance Chemotex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reliance Chemotex 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 Reliance Chemotex - 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 Reliance Chemotex Industries to buy it.
The correlation of Reliance Chemotex 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 Reliance Chemotex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reliance Chemotex 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 Reliance Chemotex 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 Reliance Chemotex position
In addition to having Reliance Chemotex 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 Reliance Stock
To fully project Reliance Chemotex's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Reliance Chemotex 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 Reliance Chemotex's income statement, its balance sheet, and the statement of cash flows.