Alumina Cash per Share vs. Revenue
| AWCMF Stock | USD 1.02 0.10 10.87% |
For Alumina profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Alumina to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Alumina Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Alumina's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Alumina Limited over time as well as its relative position and ranking within its peers.
Alumina |
Alumina Limited Revenue vs. Cash per Share Fundamental Analysis
Alumina Revenue vs. Cash per Share
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Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Alumina |
| = | 100 K |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Alumina Revenue vs Competition
Alumina Limited is the top company in revenue category among related companies. Market size based on revenue of Aluminum industry is presently estimated at about 22.92 Billion. Alumina adds roughly 100,000 in revenue claiming only tiny portion of stocks in Aluminum industry.
Use Alumina 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 Alumina 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 Alumina will appreciate offsetting losses from the drop in the long position's value.Alumina Pair Trading
Alumina Limited Pair Trading Analysis
The ability to find closely correlated positions to Alumina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alumina 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 Alumina - 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 Alumina Limited to buy it.
The correlation of Alumina 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 Alumina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alumina Limited 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 Alumina 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 Alumina position
In addition to having Alumina 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 Insurance Thematic Idea Now
Insurance
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Insurance theme has 61 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 Insurance Theme or any other thematic opportunities.
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Check out Trending Equities. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Alumina's price analysis, check to measure Alumina'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 Alumina is operating at the current time. Most of Alumina's value examination focuses on studying past and present price action to predict the probability of Alumina's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumina's price. Additionally, you may evaluate how the addition of Alumina to your portfolios can decrease your overall portfolio volatility.
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To fully project Alumina's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Alumina Limited 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 Alumina's income statement, its balance sheet, and the statement of cash flows.