Waga Energy Total Debt vs. Return On Asset
| WAGA Stock | 15.52 0.24 1.52% |
For Waga Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Waga Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Waga Energy SA utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Waga Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Waga Energy SA over time as well as its relative position and ranking within its peers.
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Waga Energy SA Return On Asset vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Waga Energy's current stock value. Our valuation model uses many indicators to compare Waga Energy value to that of its competitors to determine the firm's financial worth. Waga Energy SA is rated first in total debt category among its peers. It is rated first in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Waga Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Waga Energy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Waga Total Debt vs. Competition
Waga Energy SA is rated first in total debt category among its peers. Total debt of Specialty Industrial Machinery industry is at this time estimated at about 3.38 Billion. Waga Energy maintains roughly 18.36 Million in total debt contributing less than 1% to equities listed under Specialty Industrial Machinery industry.
Waga Return On Asset vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Waga Energy |
| = | 18.36 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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.
Waga Energy |
| = | -0.044 |
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.
Waga Return On Asset Comparison
Waga Energy is currently under evaluation in return on asset category among its peers.
Waga Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Waga Energy. 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 Waga Energy 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 Waga Energy's important profitability drivers and their relationship over time.
Use Waga Energy 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 Waga Energy 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 Waga Energy will appreciate offsetting losses from the drop in the long position's value.Waga Energy Pair Trading
Waga Energy SA Pair Trading Analysis
The ability to find closely correlated positions to Waga Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waga Energy 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 Waga Energy - 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 Waga Energy SA to buy it.
The correlation of Waga Energy 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 Waga Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waga Energy SA 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 Waga Energy 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 Waga Energy position
In addition to having Waga Energy 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 Printing and Publishing Thematic Idea Now
Printing and Publishing
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Printing and Publishing theme has 21 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 Printing and Publishing Theme or any other thematic opportunities.
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Other Information on Investing in Waga Stock
To fully project Waga Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Waga Energy SA 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 Waga Energy's income statement, its balance sheet, and the statement of cash flows.