Sendero Resources Book Value Per Share vs. Return On Equity
| SEND Stock | 0.21 0.01 5.00% |
For Sendero Resources profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sendero Resources to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sendero Resources Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sendero Resources's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sendero Resources Corp over time as well as its relative position and ranking within its peers.
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Sendero Resources Corp Return On Equity vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sendero Resources's current stock value. Our valuation model uses many indicators to compare Sendero Resources value to that of its competitors to determine the firm's financial worth. Sendero Resources Corp is currently regarded as top stock in book value per share category among its peers. It also is currently regarded as top stock in return on equity category among its peers . 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 Sendero Resources' earnings, one of the primary drivers of an investment's value.Sendero Return On Equity vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
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| = | 0.28 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
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.
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| = | -2.51 |
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.
Sendero Return On Equity Comparison
Sendero Resources is currently under evaluation in return on equity category among its peers.
Sendero Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sendero Resources. 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 Sendero Resources 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 Sendero Resources' important profitability drivers and their relationship over time.
Use Sendero Resources 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 Sendero Resources 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 Sendero Resources will appreciate offsetting losses from the drop in the long position's value.Sendero Resources Pair Trading
Sendero Resources Corp Pair Trading Analysis
The ability to find closely correlated positions to Sendero Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sendero Resources 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 Sendero Resources - 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 Sendero Resources Corp to buy it.
The correlation of Sendero Resources 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 Sendero Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sendero Resources Corp 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 Sendero Resources 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 Sendero Resources position
In addition to having Sendero Resources 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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It encompasses large technology companies, automotive makers, security firms, and thematic ETFs across multiple industries. These entities are directly or indirectly involved in shaping the development and marketing of self-driving vehicles. The Driverless Cars theme has 36 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 Driverless Cars Theme or any other thematic opportunities.
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Additional Tools for Sendero Stock Analysis
When running Sendero Resources' price analysis, check to measure Sendero Resources' 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 Sendero Resources is operating at the current time. Most of Sendero Resources' value examination focuses on studying past and present price action to predict the probability of Sendero Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sendero Resources' price. Additionally, you may evaluate how the addition of Sendero Resources to your portfolios can decrease your overall portfolio volatility.