TRACTOR SUPPLY Current Valuation vs. Net Income
| TR4 Stock | EUR 260.95 1.20 0.46% |
For TRACTOR SUPPLY profitability analysis, we use financial ratios and fundamental drivers that measure the ability of TRACTOR SUPPLY to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well TRACTOR SUPPLY utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between TRACTOR SUPPLY's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of TRACTOR SUPPLY over time as well as its relative position and ranking within its peers.
TRACTOR |
TRACTOR SUPPLY Net Income vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining TRACTOR SUPPLY's current stock value. Our valuation model uses many indicators to compare TRACTOR SUPPLY value to that of its competitors to determine the firm's financial worth. TRACTOR SUPPLY is currently regarded number one company in current valuation category among its peers. It is rated second in net income category among its peers making up about 0.04 of Net Income per Current Valuation. The ratio of Current Valuation to Net Income for TRACTOR SUPPLY is roughly 24.08 . 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 TRACTOR SUPPLY's earnings, one of the primary drivers of an investment's value.TRACTOR Current Valuation vs. Competition
TRACTOR SUPPLY is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other industry is at this time estimated at about 50.82 Billion. TRACTOR SUPPLY totals roughly 26.22 Billion in current valuation claiming about 52% of all equities under Other industry.
TRACTOR Net Income vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
TRACTOR SUPPLY |
| = | 26.22 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
TRACTOR SUPPLY |
| = | 1.09 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
TRACTOR Net Income Comparison
TRACTOR SUPPLY is currently under evaluation in net income category among its peers.
TRACTOR Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on TRACTOR SUPPLY. 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 TRACTOR SUPPLY 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 TRACTOR SUPPLY's important profitability drivers and their relationship over time.
Use TRACTOR SUPPLY 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 TRACTOR SUPPLY 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 TRACTOR SUPPLY will appreciate offsetting losses from the drop in the long position's value.TRACTOR SUPPLY Pair Trading
TRACTOR SUPPLY Pair Trading Analysis
The ability to find closely correlated positions to TRACTOR SUPPLY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRACTOR SUPPLY 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 TRACTOR SUPPLY - 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 TRACTOR SUPPLY to buy it.
The correlation of TRACTOR SUPPLY 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 TRACTOR SUPPLY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TRACTOR SUPPLY 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 TRACTOR SUPPLY 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 TRACTOR SUPPLY position
In addition to having TRACTOR SUPPLY 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 Alternative Energy Thematic Idea Now
Alternative Energy
Large and mid-size companies, ETFs and funds that are either investing or directly involved in providing energy derived from sources not connected to fossil fuels, do not consume natural resources, and do not harm the environment. This includes wind power, nuclear and solar energy, biofuel, ethanol, hydrogen and others alternative sources of energy. The Alternative Energy theme has 42 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 Alternative Energy Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in TRACTOR Stock
When determining whether TRACTOR SUPPLY offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TRACTOR SUPPLY's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tractor Supply Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tractor Supply Stock:Check out World Market Map. For information on how to trade TRACTOR Stock refer to our How to Trade TRACTOR Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
To fully project TRACTOR SUPPLY's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of TRACTOR SUPPLY 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 TRACTOR SUPPLY's income statement, its balance sheet, and the statement of cash flows.