China Everbright Ltd Stock Net Asset
| CEVIY Stock | USD 4.74 0.00 0.00% |
China Everbright Ltd fundamentals help investors to digest information that contributes to China Everbright's financial success or failures. It also enables traders to predict the movement of China Pink Sheet. The fundamental analysis module provides a way to measure China Everbright's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to China Everbright pink sheet.
China |
China Everbright Ltd Company Net Asset Analysis
China Everbright's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current China Everbright Net Asset | 101.79 B |
Most of China Everbright's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, China Everbright Ltd is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, China Everbright Ltd has a Net Asset of 101.79 B. This is much higher than that of the Financial Services sector and significantly higher than that of the Asset Management industry. The net asset for all United States stocks is notably lower than that of the firm.
China Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses China Everbright's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of China Everbright could also be used in its relative valuation, which is a method of valuing China Everbright by comparing valuation metrics of similar companies.China Everbright is currently under evaluation in net asset category among related companies.
China Fundamentals
| Return On Equity | -0.0362 | |||
| Return On Asset | -0.0038 | |||
| Operating Margin | (1.69) % | |||
| Current Valuation | 21.57 B | |||
| Shares Outstanding | 168.52 M | |||
| Price To Earning | 3.34 X | |||
| Price To Book | 0.18 X | |||
| Price To Sales | 3.49 X | |||
| Revenue | 5.08 B | |||
| Gross Profit | 4.96 B | |||
| EBITDA | (598.29 M) | |||
| Net Income | 2.66 B | |||
| Cash And Equivalents | 17.64 B | |||
| Cash Per Share | 104.69 X | |||
| Total Debt | 36.53 B | |||
| Debt To Equity | 0.81 % | |||
| Current Ratio | 1.25 X | |||
| Book Value Per Share | 261.38 X | |||
| Cash Flow From Operations | (3.51 B) | |||
| Earnings Per Share | 1.95 X | |||
| Number Of Employees | 273 | |||
| Beta | 0.81 | |||
| Market Capitalization | 1.36 B | |||
| Total Asset | 101.79 B | |||
| Retained Earnings | 18.37 B | |||
| Working Capital | 2.83 B | |||
| Current Asset | 14.82 B | |||
| Current Liabilities | 11.99 B | |||
| Annual Yield | 0.08 % | |||
| Net Asset | 101.79 B | |||
| Last Dividend Paid | 0.45 |
About China Everbright Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze China Everbright Ltd's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of China Everbright using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of China Everbright Ltd based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with China Everbright
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 China Everbright 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 China Everbright will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
| 0.76 | BAMGF | Brookfield Asset Man Earnings Call This Week | PairCorr |
| 0.71 | CSL | Carlisle Companies | PairCorr |
| 0.65 | APO | Apollo Global Management Financial Report 14th of May 2024 | PairCorr |
| 0.62 | ARES | Ares Management LP | PairCorr |
| 0.53 | AMP | Ameriprise Financial Financial Report 24th of July 2024 | PairCorr |
The ability to find closely correlated positions to China Everbright could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Everbright 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 China Everbright - 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 China Everbright Ltd to buy it.
The correlation of China Everbright 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 China Everbright moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Everbright 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 China Everbright 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Everbright Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for China Pink Sheet analysis
When running China Everbright's price analysis, check to measure China Everbright's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Everbright is operating at the current time. Most of China Everbright's value examination focuses on studying past and present price action to predict the probability of China Everbright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Everbright's price. Additionally, you may evaluate how the addition of China Everbright to your portfolios can decrease your overall portfolio volatility.
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