STMICROELECTRONICS Cash Flow From Operations vs. Z Score
| SGM Stock | EUR 23.44 0.53 2.21% |
For STMICROELECTRONICS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of STMICROELECTRONICS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well STMICROELECTRONICS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between STMICROELECTRONICS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of STMICROELECTRONICS over time as well as its relative position and ranking within its peers.
STMICROELECTRONICS |
STMICROELECTRONICS Z Score vs. Cash Flow From Operations Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining STMICROELECTRONICS's current stock value. Our valuation model uses many indicators to compare STMICROELECTRONICS value to that of its competitors to determine the firm's financial worth. STMICROELECTRONICS is rated below average in cash flow from operations category among its peers. It also is rated below average in z score category among its peers . The ratio of Cash Flow From Operations to Z Score for STMICROELECTRONICS is about 578,000,000 . 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 STMICROELECTRONICS's earnings, one of the primary drivers of an investment's value.STMICROELECTRONICS Z Score vs. Cash Flow From Operations
Operating Cash Flow reveals the quality of a company's reported earnings and is calculated by deducting company's income taxes from earnings before interest, taxes, and depreciation (EBITDA). In other words, Operating Cash Flow refers to the amount of cash a firm generates from the sales or products or from rendering services. Operating Cash Flow typically excludes costs associated with long-term investments or investment in marketable securities and is usually used by investors or analysts to check on the quality of a company's earnings.
STMICROELECTRONICS |
| = | 5.2 B |
Operating Cash Flow shows the difference between reported income and actual cash flows of the company. If a firm does not have enough cash or cash equivalents to cover its current liabilities, then both investors and management should be concerned about the company having enough liquid resources to meet current and long term debt obligations.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
STMICROELECTRONICS |
| = | 9.0 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
STMICROELECTRONICS Z Score Comparison
STMICROELECTRONICS is currently under evaluation in z score category among its peers.
STMICROELECTRONICS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on STMICROELECTRONICS. 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 STMICROELECTRONICS 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 STMICROELECTRONICS's important profitability drivers and their relationship over time.
Use STMICROELECTRONICS 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 STMICROELECTRONICS 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 STMICROELECTRONICS will appreciate offsetting losses from the drop in the long position's value.STMICROELECTRONICS Pair Trading
STMICROELECTRONICS Pair Trading Analysis
The ability to find closely correlated positions to STMICROELECTRONICS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STMICROELECTRONICS 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 STMICROELECTRONICS - 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 STMICROELECTRONICS to buy it.
The correlation of STMICROELECTRONICS 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 STMICROELECTRONICS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STMICROELECTRONICS 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 STMICROELECTRONICS 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 STMICROELECTRONICS position
In addition to having STMICROELECTRONICS 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 Global Macro ETFs Thematic Idea Now
Global Macro ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Global Macro ETFs theme has 26 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 Global Macro ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in STMICROELECTRONICS Stock
To fully project STMICROELECTRONICS's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of STMICROELECTRONICS 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 STMICROELECTRONICS's income statement, its balance sheet, and the statement of cash flows.