SKAKO AS Revenue vs. Price to Book

SKAKO Stock  DKK 81.50  2.00  2.52%   
Based on SKAKO AS's profitability indicators, SKAKO AS may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess SKAKO AS's ability to earn profits and add value for shareholders.
For SKAKO AS profitability analysis, we use financial ratios and fundamental drivers that measure the ability of SKAKO AS to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well SKAKO AS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between SKAKO AS's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of SKAKO AS 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 SKAKO AS's value and its price as these two are different measures arrived at by different means. Investors typically determine if SKAKO AS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SKAKO AS'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.

SKAKO AS Price to Book vs. Revenue Fundamental Analysis

SKAKO Revenue vs. Competition

SKAKO AS is currently regarded number one company in revenue category among related companies. Market size based on revenue of Industrials industry is at this time estimated at about 389.89 Billion. SKAKO AS adds roughly 363.71 Million in revenue claiming only tiny portion of equities under Industrials industry.

SKAKO Price to Book 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.

SKAKO AS

Revenue

 = 

Money Received

-

Discounts and Returns

 = 
363.71 M
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.

SKAKO AS

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

SKAKO AS Pair Trading

SKAKO AS Pair Trading Analysis

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

In addition to having SKAKO AS 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 Corona Opportunity Thematic Idea Now

Corona Opportunity
Corona Opportunity Theme
Firms that are involved in some capacity in making products or providing services to the public to buttle the virus directly or indirectly. This also includes some defencive and contrarian stocks and ETFs that are managing to avoid the big market correction coused by coronavirus. The Corona Opportunity theme has 46 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 Corona Opportunity Theme or any other thematic opportunities.
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You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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To fully project SKAKO AS's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of SKAKO AS 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 SKAKO AS's income statement, its balance sheet, and the statement of cash flows.
Potential SKAKO AS investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although SKAKO AS investors may work on each financial statement separately, they are all related. The changes in SKAKO AS's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on SKAKO AS'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.