Golf Price to Book vs. Price to Sales
Considering the key profitability indicators obtained from Golf's historical financial statements, Golf Co Group may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in May. Profitability indicators assess Golf's ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis 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 board of governors.
Please note, there is a significant difference between Golf's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golf is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golf'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.
For Golf profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Golf to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Golf Co Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Golf's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Golf Co Group over time as well as its relative position and ranking within its peers.
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Golf Co Group Price to Sales vs. Price to Book Fundamental Analysis
Golf Price to Sales vs. Price to Book
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Use Golf 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 Golf 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 Golf will appreciate offsetting losses from the drop in the long position's value.Golf Pair Trading
Golf Co Group Pair Trading Analysis
The ability to find closely correlated positions to Golf could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golf 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 Golf - 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 Golf Co Group to buy it.
The correlation of Golf 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 Golf moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golf Co Group 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 Golf 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 Golf position
In addition to having Golf 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 Banking Thematic Idea Now
Banking
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking 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 Banking Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Golf Stock analysis
When running Golf's price analysis, check to measure Golf'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 Golf is operating at the current time. Most of Golf's value examination focuses on studying past and present price action to predict the probability of Golf's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golf's price. Additionally, you may evaluate how the addition of Golf to your portfolios can decrease your overall portfolio volatility.
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To fully project Golf's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Golf Co Group 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 Golf's income statement, its balance sheet, and the statement of cash flows.