Skjern Bank Price to Book vs. Revenue
| SKJE Stock | DKK 177.00 5.00 2.75% |
For Skjern Bank profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Skjern Bank to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Skjern Bank AS utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Skjern Bank's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Skjern Bank AS over time as well as its relative position and ranking within its peers.
Skjern |
Skjern Bank AS Revenue vs. Price to Book Fundamental Analysis
Skjern Revenue vs. Price to Book
Skjern Bank | = | null |
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.
Skjern Bank |
| = | 434.97 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.
Skjern Revenue vs Competition
Skjern Bank AS is rated second in revenue category among related companies. Market size based on revenue of Financials industry is at this time estimated at about 18.32 Billion. Skjern Bank holds roughly 434.97 Million in revenue claiming about 2.37% of equities under Financials industry.
Use Skjern Bank 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 Skjern Bank 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 Skjern Bank will appreciate offsetting losses from the drop in the long position's value.Skjern Bank Pair Trading
Skjern Bank AS Pair Trading Analysis
The ability to find closely correlated positions to Skjern Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Skjern Bank 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 Skjern Bank - 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 Skjern Bank AS to buy it.
The correlation of Skjern Bank 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 Skjern Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skjern Bank 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 Skjern Bank 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 Skjern Bank position
In addition to having Skjern Bank 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?
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Check out World Market Map. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Skjern Stock analysis
When running Skjern Bank's price analysis, check to measure Skjern Bank'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 Skjern Bank is operating at the current time. Most of Skjern Bank's value examination focuses on studying past and present price action to predict the probability of Skjern Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skjern Bank's price. Additionally, you may evaluate how the addition of Skjern Bank to your portfolios can decrease your overall portfolio volatility.
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To fully project Skjern Bank's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Skjern Bank 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 Skjern Bank's income statement, its balance sheet, and the statement of cash flows.