China Auto Logistics Stock Current Ratio
China Auto Logistics fundamentals help investors to digest information that contributes to China Auto's financial success or failures. It also enables traders to predict the movement of China Pink Sheet. The fundamental analysis module provides a way to measure China Auto'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 China Auto pink sheet.
China |
China Auto Logistics Company Current Ratio Analysis
China Auto's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current China Auto Current Ratio | 1.20 X |
Most of China Auto's fundamental indicators, such as Current Ratio, 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, China Auto Logistics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, China Auto Logistics has a Current Ratio of 1.2 times. This is 47.14% lower than that of the Consumer Cyclical sector and 48.28% lower than that of the Auto & Truck Dealerships industry. The current ratio for all United States stocks is 44.44% higher than that of the company.
China Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses China Auto's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of China Auto could also be used in its relative valuation, which is a method of valuing China Auto by comparing valuation metrics of similar companies.China Auto is currently under evaluation in current ratio category among related companies.
China Fundamentals
| Return On Equity | -5.16 | |||
| Return On Asset | -0.42 | |||
| Profit Margin | (0.26) % | |||
| Operating Margin | (0.21) % | |||
| Current Valuation | 59.97 M | |||
| Shares Outstanding | 4.84 M | |||
| Shares Owned By Insiders | 25.00 % | |||
| Number Of Shares Shorted | 296.26 K | |||
| Price To Earning | (15.62) X | |||
| Revenue | 514.41 M | |||
| Gross Profit | 2.13 M | |||
| EBITDA | (969.55 K) | |||
| Net Income | (1.29 M) | |||
| Cash And Equivalents | 5.74 M | |||
| Cash Per Share | 1.19 X | |||
| Total Debt | 65.52 M | |||
| Debt To Equity | 2.60 % | |||
| Current Ratio | 1.20 X | |||
| Book Value Per Share | 5.17 X | |||
| Cash Flow From Operations | 474.5 K | |||
| Short Ratio | 5.18 X | |||
| Earnings Per Share | (0.34) X | |||
| Number Of Employees | 40 | |||
| Beta | -46.92 | |||
| Market Capitalization | 484 | |||
| Total Asset | 288.22 M | |||
| Retained Earnings | (7.35 M) | |||
| Working Capital | (30.8 M) | |||
| Current Asset | 226.39 M | |||
| Current Liabilities | 257.2 M | |||
| Z Score | 1.0 |
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 China Auto 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, China Auto's short interest history, or implied volatility extrapolated from China Auto options trading.
Pair Trading with China Auto
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 China Auto 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 China Auto will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Yum Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yum Brands 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 Yum Brands - 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 Yum Brands to buy it.
The correlation of Yum Brands 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 Yum Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yum Brands 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 Yum Brands 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Other Consideration for investing in China Pink Sheet
If you are still planning to invest in China Auto Logistics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the China Auto's history and understand the potential risks before investing.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios |