WOODSIDE ENE Shares Outstanding vs. Cash Per Share
| WOP Stock | EUR 13.80 0.10 0.72% |
For WOODSIDE ENE profitability analysis, we use financial ratios and fundamental drivers that measure the ability of WOODSIDE ENE to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well WOODSIDE ENE SPADR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between WOODSIDE ENE's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of WOODSIDE ENE SPADR over time as well as its relative position and ranking within its peers.
WOODSIDE |
WOODSIDE ENE SPADR Cash Per Share vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining WOODSIDE ENE's current stock value. Our valuation model uses many indicators to compare WOODSIDE ENE value to that of its competitors to determine the firm's financial worth. WOODSIDE ENE SPADR is rated third in shares outstanding category among its peers. It is rated first in cash per share category among its peers . The ratio of Shares Outstanding to Cash Per Share for WOODSIDE ENE SPADR is about 484,374,988 . 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 WOODSIDE ENE's earnings, one of the primary drivers of an investment's value.WOODSIDE Cash Per Share vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
WOODSIDE ENE |
| = | 1.9 B |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
WOODSIDE ENE |
| = | 3.92 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
WOODSIDE Cash Per Share Comparison
WOODSIDE ENE is currently under evaluation in cash per share category among its peers.
WOODSIDE ENE Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in WOODSIDE ENE, profitability is also one of the essential criteria for including it into their portfolios because, without profit, WOODSIDE ENE will eventually generate negative long term returns. The profitability progress is the general direction of WOODSIDE ENE's change in net profit over the period of time. It can combine multiple indicators of WOODSIDE ENE, 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.
Woodside Petroleum Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in Oceania, Asia, Canada, Africa, and internationally. Woodside Petroleum Ltd was founded in 1954 and is headquartered in Perth, Australia. WOODSIDE PET operates under Oil Gas EP classification in Germany and is traded on Frankfurt Stock Exchange. It employs 3670 people.
WOODSIDE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on WOODSIDE ENE. 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 WOODSIDE ENE 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 WOODSIDE ENE's important profitability drivers and their relationship over time.
Use WOODSIDE ENE 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 WOODSIDE ENE 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 WOODSIDE ENE will appreciate offsetting losses from the drop in the long position's value.WOODSIDE ENE Pair Trading
WOODSIDE ENE SPADR Pair Trading Analysis
The ability to find closely correlated positions to WOODSIDE ENE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WOODSIDE ENE 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 WOODSIDE ENE - 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 WOODSIDE ENE SPADR to buy it.
The correlation of WOODSIDE ENE 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 WOODSIDE ENE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WOODSIDE ENE SPADR 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 WOODSIDE ENE 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 WOODSIDE ENE position
In addition to having WOODSIDE ENE 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 Computers Thematic Idea Now
Computers
Companies that manufacture and distribute personal and business computers. The Computers theme has 44 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 Computers Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in WOODSIDE Stock
To fully project WOODSIDE ENE's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of WOODSIDE ENE SPADR 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 WOODSIDE ENE's income statement, its balance sheet, and the statement of cash flows.