Oil Equipment Last Dividend Paid vs. Price to Book

OEPIX Fund  USD 117.40  0.96  0.82%   
Based on Oil Equipment's profitability indicators, Oil Equipment Services may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in April. Profitability indicators assess Oil Equipment's ability to earn profits and add value for shareholders.
For Oil Equipment profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Oil Equipment to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Oil Equipment Services utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Oil Equipment's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Oil Equipment Services over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Oil Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oil Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oil Equipment'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.

Oil Equipment Services Price to Book vs. Last Dividend Paid Fundamental Analysis

Oil Price to Book vs. Last Dividend Paid

Last Dividend Paid refers to dividend per share(DPS) paid to the shareholder the last time dividends were issued by a company. In its conventional sense, dividends refer to the distribution of some of a company's net earnings or capital gains decided by the board of directors.

Oil Equipment

Last Dividend

 = 

Last Profit Distribution Amount

Total Shares

 = 
0.08
Many stable companies today pay out dividends to their shareholders in the form of the income distribution, but high-growth firms rarely offer dividends because all of their earnings are reinvested back to the business.

Oil Equipment

 = 
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Use Oil Equipment 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 Oil Equipment 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 Oil Equipment will appreciate offsetting losses from the drop in the long position's value.

Oil Equipment Pair Trading

Oil Equipment Services Pair Trading Analysis

The ability to find closely correlated positions to Oil Equipment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil Equipment 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 Oil Equipment - 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 Oil Equipment Services to buy it.
The correlation of Oil Equipment 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 Oil Equipment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oil Equipment Services 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 Oil Equipment 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Oil Equipment position

In addition to having Oil Equipment 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 Tech Growth Thematic Idea Now

Tech Growth
Tech Growth Theme
Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 66 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 Tech Growth Theme or any other thematic opportunities.
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You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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When running Oil Equipment's price analysis, check to measure Oil Equipment'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 Oil Equipment is operating at the current time. Most of Oil Equipment's value examination focuses on studying past and present price action to predict the probability of Oil Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oil Equipment's price. Additionally, you may evaluate how the addition of Oil Equipment to your portfolios can decrease your overall portfolio volatility.
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To fully project Oil Equipment's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Oil Equipment Services 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 Oil Equipment's income statement, its balance sheet, and the statement of cash flows.
Potential Oil Equipment investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Oil Equipment investors may work on each financial statement separately, they are all related. The changes in Oil Equipment's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Oil Equipment's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.