Bazan Oil Last Dividend Paid vs. Price to Book
ORL Stock | ILS 108.90 3.40 3.03% |
For Bazan Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bazan Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bazan Oil Refineries utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bazan Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bazan Oil Refineries over time as well as its relative position and ranking within its peers.
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Bazan Oil Refineries Price to Book vs. Last Dividend Paid Fundamental Analysis
Bazan 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.
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| = | 0.04 |
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.
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Use Bazan Oil 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 Bazan Oil 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 Bazan Oil will appreciate offsetting losses from the drop in the long position's value.Bazan Oil Pair Trading
Bazan Oil Refineries Pair Trading Analysis
The ability to find closely correlated positions to Bazan Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bazan Oil 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 Bazan Oil - 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 Bazan Oil Refineries to buy it.
The correlation of Bazan Oil 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 Bazan Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bazan Oil Refineries 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 Bazan Oil 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 Bazan Oil position
In addition to having Bazan Oil 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 Trading Thematic Idea Now
Trading
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading 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 Trading Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Bazan Stock analysis
When running Bazan Oil's price analysis, check to measure Bazan Oil'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 Bazan Oil is operating at the current time. Most of Bazan Oil's value examination focuses on studying past and present price action to predict the probability of Bazan Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bazan Oil's price. Additionally, you may evaluate how the addition of Bazan Oil to your portfolios can decrease your overall portfolio volatility.
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To fully project Bazan Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bazan Oil Refineries 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 Bazan Oil's income statement, its balance sheet, and the statement of cash flows.