Paz Oil Revenue vs. Current Asset
| PZOL Stock | ILS 36,910 420.00 1.13% |
For Paz Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Paz Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Paz Oil utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Paz Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Paz Oil over time as well as its relative position and ranking within its peers.
Paz |
Paz Oil Current Asset vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Paz Oil's current stock value. Our valuation model uses many indicators to compare Paz Oil value to that of its competitors to determine the firm's financial worth. Paz Oil is rated top company in revenue category among related companies. It is considered to be number one stock in current asset category among related companies fabricating about 0.27 of Current Asset per Revenue. The ratio of Revenue to Current Asset for Paz Oil is roughly 3.69 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Paz Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Paz Oil's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Paz Oil's earnings, one of the primary drivers of an investment's value.Paz Revenue vs. Competition
Paz Oil is rated top company in revenue category among related companies. Market size based on revenue of Energy industry is at this time estimated at about 59.64 Billion. Paz Oil retains roughly 11.55 Billion in revenue claiming about 19% of equities under Energy industry.
Paz Current Asset vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Paz Oil |
| = | 11.55 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Paz Oil |
| = | 3.13 B |
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
Paz Current Asset Comparison
Paz Oil is currently under evaluation in current asset category among related companies.
Paz Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Paz Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Paz Oil will eventually generate negative long term returns. The profitability progress is the general direction of Paz Oil's change in net profit over the period of time. It can combine multiple indicators of Paz Oil, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Paz Oil Company Ltd., together with its subsidiaries, refines, produces, stores, imports, sells, and markets oil and other products in Israel and internationally. Paz Oil Company Ltd. was founded in 1922 and is based in Yakum, Israel. PAZ OIL operates under Oil Gas Refining Marketing classification in Israel and is traded on Tel Aviv Stock Exchange.
Paz Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Paz Oil. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Paz Oil position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Paz Oil's important profitability drivers and their relationship over time.
Use Paz 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 Paz 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 Paz Oil will appreciate offsetting losses from the drop in the long position's value.Paz Oil Pair Trading
Paz Oil Pair Trading Analysis
The ability to find closely correlated positions to Paz 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 Paz 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 Paz 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 Paz Oil to buy it.
The correlation of Paz 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 Paz Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paz Oil 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 Paz 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 Paz Oil position
In addition to having Paz 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 Petroleum and Natural Gas Thematic Idea Now
Petroleum and Natural Gas
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Petroleum and Natural Gas 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 Petroleum and Natural Gas Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Paz Stock analysis
When running Paz Oil's price analysis, check to measure Paz 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 Paz Oil is operating at the current time. Most of Paz Oil's value examination focuses on studying past and present price action to predict the probability of Paz 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 Paz Oil's price. Additionally, you may evaluate how the addition of Paz Oil to your portfolios can decrease your overall portfolio volatility.
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To fully project Paz Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Paz Oil 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 Paz Oil's income statement, its balance sheet, and the statement of cash flows.