Centrais Eltricas Brasileiras Stock Return On Asset
| ELET3 Stock | BRL 38.95 0.57 1.49% |
Centrais Eltricas Brasileiras fundamentals help investors to digest information that contributes to Centrais Eltricas' financial success or failures. It also enables traders to predict the movement of Centrais Stock. The fundamental analysis module provides a way to measure Centrais Eltricas' 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 Centrais Eltricas stock.
Centrais |
Centrais Eltricas Brasileiras Company Return On Asset Analysis
Centrais Eltricas' 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.
Current Centrais Eltricas Return On Asset | 0.032 |
Most of Centrais Eltricas' fundamental indicators, such as Return On 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, Centrais Eltricas Brasileiras is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Centrais Eltricas Brasileiras has a Return On Asset of 0.032. This is 98.69% lower than that of the Utilities sector and 98.57% lower than that of the Utilities - Regulated Electric industry. The return on asset for all Brazil stocks is 122.86% lower than that of the firm.
Centrais Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Centrais Eltricas' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Centrais Eltricas could also be used in its relative valuation, which is a method of valuing Centrais Eltricas by comparing valuation metrics of similar companies.Centrais Eltricas is rated below average in return on asset category among related companies.
Centrais Fundamentals
| Return On Equity | 0.0392 | |||
| Return On Asset | 0.032 | |||
| Profit Margin | 0.12 % | |||
| Operating Margin | 0.31 % | |||
| Current Valuation | 136.1 B | |||
| Shares Outstanding | 2.02 B | |||
| Shares Owned By Insiders | 36.60 % | |||
| Shares Owned By Institutions | 50.23 % | |||
| Price To Earning | 3.80 X | |||
| Price To Book | 0.86 X | |||
| Price To Sales | 2.48 X | |||
| Revenue | 37.62 B | |||
| Gross Profit | 27.39 B | |||
| EBITDA | 13.47 B | |||
| Net Income | 5.65 B | |||
| Cash And Equivalents | 107.05 M | |||
| Cash Per Share | 5.66 X | |||
| Total Debt | 36.47 B | |||
| Debt To Equity | 97.40 % | |||
| Current Ratio | 1.34 X | |||
| Book Value Per Share | 48.45 X | |||
| Cash Flow From Operations | 8.23 B | |||
| Earnings Per Share | 1.56 X | |||
| Price To Earnings To Growth | (0.03) X | |||
| Target Price | 64.27 | |||
| Number Of Employees | 12.13 K | |||
| Beta | 0.46 | |||
| Market Capitalization | 83.06 B | |||
| Total Asset | 188.3 B | |||
| Z Score | 1.2 | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 188.3 B | |||
| Last Dividend Paid | 1.49 |
About Centrais Eltricas Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Centrais Eltricas Brasileiras's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centrais Eltricas using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centrais Eltricas Brasileiras 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Centrais Eltricas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Centrais Eltricas' short interest history, or implied volatility extrapolated from Centrais Eltricas options trading.
Pair Trading with Centrais Eltricas
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 Centrais Eltricas 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 Centrais Eltricas will appreciate offsetting losses from the drop in the long position's value.Moving together with Centrais Stock
| 0.99 | ELET6 | Centrais Eltricas | PairCorr |
| 0.84 | ENGI4 | Energisa SA Earnings Call This Week | PairCorr |
Moving against Centrais Stock
| 0.89 | DUKB34 | Duke Energy | PairCorr |
| 0.83 | H1DB34 | HDFC Bank Limited | PairCorr |
| 0.69 | ENMT4 | Energisa Mato Grosso | PairCorr |
| 0.46 | JPMC34 | JPMorgan Chase | PairCorr |
The ability to find closely correlated positions to Centrais Eltricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centrais Eltricas 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 Centrais Eltricas - 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 Centrais Eltricas Brasileiras to buy it.
The correlation of Centrais Eltricas 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 Centrais Eltricas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centrais Eltricas 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 Centrais Eltricas 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Centrais Eltricas Brasileiras. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Centrais Eltricas information on this page should be used as a complementary analysis to other Centrais Eltricas' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Centrais Stock analysis
When running Centrais Eltricas' price analysis, check to measure Centrais Eltricas' 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 Centrais Eltricas is operating at the current time. Most of Centrais Eltricas' value examination focuses on studying past and present price action to predict the probability of Centrais Eltricas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrais Eltricas' price. Additionally, you may evaluate how the addition of Centrais Eltricas to your portfolios can decrease your overall portfolio volatility.
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