Reliance Securities Price To Sales vs. Return On Asset
| RELI Stock | IDR 446.00 4.00 0.89% |
For Reliance Securities profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Reliance Securities to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Reliance Securities Tbk utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Reliance Securities's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Reliance Securities Tbk over time as well as its relative position and ranking within its peers.
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Reliance Securities Tbk Return On Asset vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Reliance Securities's current stock value. Our valuation model uses many indicators to compare Reliance Securities value to that of its competitors to determine the firm's financial worth. Reliance Securities Tbk is rated third in price to sales category among its peers. It is rated fifth in return on asset category among its peers . The ratio of Price To Sales to Return On Asset for Reliance Securities Tbk is about 454.64 . 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 Securities' earnings, one of the primary drivers of an investment's value.Reliance Return On Asset vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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| = | 18.00 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
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| = | 0.0396 |
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.
Reliance Return On Asset Comparison
Reliance Securities is currently under evaluation in return on asset category among its peers.
Reliance Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Reliance Securities. 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 Securities 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 Securities' important profitability drivers and their relationship over time.
Use Reliance Securities 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 Securities 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 Securities will appreciate offsetting losses from the drop in the long position's value.Reliance Securities Pair Trading
Reliance Securities Tbk Pair Trading Analysis
The ability to find closely correlated positions to Reliance Securities 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 Securities 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 Securities - 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 Securities Tbk to buy it.
The correlation of Reliance Securities 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 Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reliance Securities Tbk 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 Securities 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 Securities position
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Other Information on Investing in Reliance Stock
To fully project Reliance Securities' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Reliance Securities Tbk 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 Securities' income statement, its balance sheet, and the statement of cash flows.