Energy Today Return On Asset vs. Debt to Equity
| NRGT Stock | USD 0.02 0.00 0.00% |
For Energy Today profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Energy Today to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Energy Today utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Energy Today's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Energy Today over time as well as its relative position and ranking within its peers.
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Energy Today Debt to Equity vs. Return On Asset Fundamental Analysis
Energy Debt to Equity vs. Return On Asset
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.
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| = | -0.0108 |
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.
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Use Energy Today 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 Energy Today 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 Energy Today will appreciate offsetting losses from the drop in the long position's value.Energy Today Pair Trading
Energy Today Pair Trading Analysis
The ability to find closely correlated positions to Energy Today could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Today 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 Energy Today - 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 Energy Today to buy it.
The correlation of Energy Today 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 Energy Today moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Today 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 Energy Today 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 Energy Today position
In addition to having Energy Today 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 Small Blend Funds Thematic Idea Now
Small Blend Funds
Fund or Etfs that invest in stocks of small to mid-sized entities that have characteristics of both growth and value companies. The Small Blend Funds 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 Small Blend Funds Theme or any other thematic opportunities.
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Check out Correlation Analysis. Note that the Energy Today information on this page should be used as a complementary analysis to other Energy Today's 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Energy Pink Sheet analysis
When running Energy Today's price analysis, check to measure Energy Today'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 Energy Today is operating at the current time. Most of Energy Today's value examination focuses on studying past and present price action to predict the probability of Energy Today's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Today's price. Additionally, you may evaluate how the addition of Energy Today to your portfolios can decrease your overall portfolio volatility.
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To fully project Energy Today's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Energy Today 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 Energy Today's income statement, its balance sheet, and the statement of cash flows.