Ngern Tid Price To Book vs. Return On Equity
| TIDLOR Stock | THB 16.80 0.10 0.59% |
For Ngern Tid profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ngern Tid to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ngern Tid Lor utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ngern Tid's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ngern Tid Lor over time as well as its relative position and ranking within its peers.
Ngern |
Ngern Tid Lor Return On Equity vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ngern Tid's current stock value. Our valuation model uses many indicators to compare Ngern Tid value to that of its competitors to determine the firm's financial worth. Ngern Tid Lor is currently regarded as top stock in price to book category among its peers. It also is currently regarded as top stock in return on equity category among its peers reporting about 0.06 of Return On Equity per Price To Book. The ratio of Price To Book to Return On Equity for Ngern Tid Lor is roughly 17.76 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ngern Tid by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ngern Tid'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.Ngern Return On Equity vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Ngern Tid |
| = | 2.78 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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.
Ngern Tid |
| = | 0.16 |
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.
Ngern Return On Equity Comparison
Ngern Tid is currently under evaluation in return on equity category among its peers.
Ngern Tid Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ngern Tid, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ngern Tid will eventually generate negative long term returns. The profitability progress is the general direction of Ngern Tid's change in net profit over the period of time. It can combine multiple indicators of Ngern Tid, 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.
Ngern Tid Lor Public Company Limited provides auto-for-cash loans to self-employed microentrepreneurs in Thailand. Ngern Tid Lor Public Company Limited is majority owned by Siam Asia Credit Access PTE LTD NGERN TID is traded on Stock Exchange of Thailand in Thailand.
Ngern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ngern Tid. 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 Ngern Tid 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 Ngern Tid's important profitability drivers and their relationship over time.
Use Ngern Tid 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 Ngern Tid 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 Ngern Tid will appreciate offsetting losses from the drop in the long position's value.Ngern Tid Pair Trading
Ngern Tid Lor Pair Trading Analysis
The ability to find closely correlated positions to Ngern Tid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ngern Tid 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 Ngern Tid - 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 Ngern Tid Lor to buy it.
The correlation of Ngern Tid 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 Ngern Tid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ngern Tid Lor 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 Ngern Tid 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 Ngern Tid position
In addition to having Ngern Tid 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 Money Market Funds Thematic Idea Now
Money Market Funds
Funds or Etfs investing in various types of short-term (less than one year) fixed income instruments of high-quality and liquidity. The Money Market Funds theme has 38 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 Money Market Funds Theme or any other thematic opportunities.
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Other Information on Investing in Ngern Stock
To fully project Ngern Tid's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ngern Tid Lor 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 Ngern Tid's income statement, its balance sheet, and the statement of cash flows.