Great Ajax Corp Stock Filter Stocks by Fundamentals
AJX Stock | USD 3.62 0.13 3.47% |
Great Ajax Corp fundamentals help investors to digest information that contributes to Great Ajax's financial success or failures. It also enables traders to predict the movement of Great Stock. The fundamental analysis module provides a way to measure Great Ajax'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 Great Ajax stock.
Great | Price to Earnings To Growth |
Great Price to Earnings To Growth Analysis
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 678.4M | 677.5M | 997.3M | 675.7M | Total Assets | 1.8B | 1.5B | 1.3B | 1.4B |
Great Price to Earnings To Growth Driver Correlations
Understanding the fundamental principles of building solid financial models for Great Ajax is extremely important. It helps to project a fair market value of Great Stock properly, considering its historical fundamentals such as Price to Earnings To Growth. Since Great Ajax's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Great Ajax's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Great Ajax's interrelated accounts and indicators.
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Great Price Earnings To Growth Ratio
Price Earnings To Growth Ratio |
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Based on the latest financial disclosure, the price to earnings to growth indicator of Great Ajax Corp is roughly 0.0null. This indicator is about the same for the Mortgage Real Estate Investment Trusts (REITs) average (which is currently at 0.0) sector and about the same as Price to Earnings To Growth (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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Great Fundamentals
Return On Equity | -0.14 | ||||
Return On Asset | -0.0333 | ||||
Operating Margin | 1.34 % | ||||
Current Valuation | 1.1 B | ||||
Shares Outstanding | 27.46 M | ||||
Shares Owned By Insiders | 3.78 % | ||||
Shares Owned By Institutions | 96.22 % | ||||
Number Of Shares Shorted | 199.22 K | ||||
Price To Earning | 7.81 X | ||||
Price To Book | 0.36 X | ||||
Price To Sales | 34.51 X | ||||
Revenue | 62.68 M | ||||
Gross Profit | 26.91 M | ||||
EBITDA | (49.02 M) | ||||
Net Income | (46.96 M) | ||||
Cash And Equivalents | 47.84 M | ||||
Cash Per Share | 2.27 X | ||||
Total Debt | 997.32 M | ||||
Debt To Equity | 2.62 % | ||||
Current Ratio | 2.05 X | ||||
Book Value Per Share | 9.99 X | ||||
Cash Flow From Operations | (46.46 M) | ||||
Short Ratio | 0.95 X | ||||
Earnings Per Share | (2.01) X | ||||
Target Price | 8.0 | ||||
Beta | 1.85 | ||||
Market Capitalization | 99.54 M | ||||
Total Asset | 1.34 B | ||||
Retained Earnings | (54.38 M) | ||||
Working Capital | (317 M) | ||||
Current Asset | 46.85 M | ||||
Current Liabilities | 363.85 M | ||||
Z Score | -0.36 | ||||
Annual Yield | 0.11 % | ||||
Five Year Return | 8.97 % | ||||
Net Asset | 1.34 B | ||||
Last Dividend Paid | 0.76 |
About Great Ajax Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Great Ajax Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Great Ajax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Great Ajax Corp 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.Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon. Great Ajax operates under REITMortgage classification in the United States and is traded on New York Stock Exchange.
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 Great Ajax 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, Great Ajax's short interest history, or implied volatility extrapolated from Great Ajax options trading.
Pair Trading with Great Ajax
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 Great Ajax 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 Great Ajax will appreciate offsetting losses from the drop in the long position's value.Moving together with Great Stock
0.66 | DHIL | Diamond Hill Investment | PairCorr |
Moving against Great Stock
0.91 | IX | Orix Corp Ads Financial Report 8th of May 2024 | PairCorr |
0.88 | MCAA | Mountain I Acquisition | PairCorr |
0.88 | CG | Carlyle Group Financial Report 2nd of May 2024 | PairCorr |
0.77 | MCAC | Monterey Capital Acq Report 18th of April 2024 | PairCorr |
0.74 | BN | Brookfield Corp | PairCorr |
The ability to find closely correlated positions to Great Ajax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Ajax 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 Great Ajax - 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 Great Ajax Corp to buy it.
The correlation of Great Ajax 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 Great Ajax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Ajax Corp 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 Great Ajax 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 Great Ajax Piotroski F Score and Great Ajax Altman Z Score analysis. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Great Stock analysis
When running Great Ajax's price analysis, check to measure Great Ajax'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 Great Ajax is operating at the current time. Most of Great Ajax's value examination focuses on studying past and present price action to predict the probability of Great Ajax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Ajax's price. Additionally, you may evaluate how the addition of Great Ajax to your portfolios can decrease your overall portfolio volatility.
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Is Great Ajax's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Great Ajax. If investors know Great will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Great Ajax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.50) | Dividend Share 0.76 | Earnings Share (2.01) | Revenue Per Share (0.80) | Quarterly Revenue Growth (0.82) |
The market value of Great Ajax Corp is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Ajax's value that differs from its market value or its book value, called intrinsic value, which is Great Ajax's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Great Ajax's market value can be influenced by many factors that don't directly affect Great Ajax's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Great Ajax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Ajax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Ajax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.