Wave Entertainment Price To Sales vs. Return On Equity
| WAVE Stock | THB 0.09 0.01 10.00% |
For Wave Entertainment profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wave Entertainment to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wave Entertainment Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wave Entertainment's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wave Entertainment Public over time as well as its relative position and ranking within its peers.
Wave |
Wave Entertainment Public Return On Equity vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Wave Entertainment's current stock value. Our valuation model uses many indicators to compare Wave Entertainment value to that of its competitors to determine the firm's financial worth. Wave Entertainment Public is rated first in price to sales category among its peers. It is rated second 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 Wave Entertainment's earnings, one of the primary drivers of an investment's value.Wave Return On Equity 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.
Wave Entertainment |
| = | 4.15 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 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.
Wave Entertainment |
| = | -1.84 |
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.
Wave Return On Equity Comparison
Wave Entertainment is currently under evaluation in return on equity category among its peers.
Wave Entertainment Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Wave Entertainment, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wave Entertainment will eventually generate negative long term returns. The profitability progress is the general direction of Wave Entertainment's change in net profit over the period of time. It can combine multiple indicators of Wave Entertainment, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Wave Entertainment Public Company Limited, together with its subsidiaries, engages in the production and distribution of television programs in Thailand. Wave Entertainment Public Company Limited was incorporated in 1988 and is headquartered in Bangkok, Thailand. WAVE ENTERTAINMENT operates under Education Training Services classification in Thailand and is traded on Stock Exchange of Thailand.
Wave Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Wave Entertainment. 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 Wave Entertainment 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 Wave Entertainment's important profitability drivers and their relationship over time.
Use Wave Entertainment 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 Wave Entertainment 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 Wave Entertainment will appreciate offsetting losses from the drop in the long position's value.Wave Entertainment Pair Trading
Wave Entertainment Public Pair Trading Analysis
The ability to find closely correlated positions to Wave Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wave Entertainment 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 Wave Entertainment - 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 Wave Entertainment Public to buy it.
The correlation of Wave Entertainment 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 Wave Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wave Entertainment Public 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 Wave Entertainment 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 Wave Entertainment position
In addition to having Wave Entertainment 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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Other Information on Investing in Wave Stock
To fully project Wave Entertainment's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wave Entertainment Public 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 Wave Entertainment's income statement, its balance sheet, and the statement of cash flows.