Sano Brunos Price to Book vs. Total Asset
| SANO1 Stock | 32,110 2,000 5.86% |
For Sano Brunos profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sano Brunos to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sano Brunos Enterprises utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sano Brunos's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sano Brunos Enterprises over time as well as its relative position and ranking within its peers.
Sano |
Sano Brunos Enterprises Total Asset vs. Price to Book Fundamental Analysis
Sano Total Asset vs. Price to Book
Sano Brunos | = | null |
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Sano Brunos |
| = | 1.96 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Sano Total Asset Comparison
Sano Brunos is currently under evaluation in total asset category among related companies.
Use Sano Brunos 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 Sano Brunos 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 Sano Brunos will appreciate offsetting losses from the drop in the long position's value.Sano Brunos Pair Trading
Sano Brunos Enterprises Pair Trading Analysis
The ability to find closely correlated positions to Sano Brunos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sano Brunos 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 Sano Brunos - 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 Sano Brunos Enterprises to buy it.
The correlation of Sano Brunos 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 Sano Brunos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sano Brunos Enterprises 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 Sano Brunos 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 Sano Brunos position
In addition to having Sano Brunos 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 Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 42 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 Stores Theme or any other thematic opportunities.
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Check out World Market Map. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Sano Stock analysis
When running Sano Brunos' price analysis, check to measure Sano Brunos' 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 Sano Brunos is operating at the current time. Most of Sano Brunos' value examination focuses on studying past and present price action to predict the probability of Sano Brunos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sano Brunos' price. Additionally, you may evaluate how the addition of Sano Brunos to your portfolios can decrease your overall portfolio volatility.
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To fully project Sano Brunos' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Sano Brunos Enterprises 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 Sano Brunos' income statement, its balance sheet, and the statement of cash flows.