QUALITECH PUBLIC Price to Book vs. Net Income

For QUALITECH PUBLIC profitability analysis, we use financial ratios and fundamental drivers that measure the ability of QUALITECH PUBLIC to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well QUALITECH PUBLIC COMPANY utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between QUALITECH PUBLIC's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of QUALITECH PUBLIC COMPANY over time as well as its relative position and ranking within its peers. Check out Your Equity Center.
  
Please note, there is a significant difference between QUALITECH PUBLIC's value and its price as these two are different measures arrived at by different means. Investors typically determine QUALITECH PUBLIC value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, QUALITECH PUBLIC'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.

QUALITECH PUBLIC COM Net Income vs. Price to Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining QUALITECH PUBLIC's current stock value. Our valuation model uses many indicators to compare QUALITECH PUBLIC value to that of its competitors to determine the firm's financial worth.
QUALITECH PUBLIC COMPANY is currently regarded as top stock in price to book category among related companies. It is rated below average in net income category among related companies making up about  35,958,974  of Net Income per Price to Book. . Comparative valuation analysis is a catch-all model that can be used if you cannot value QUALITECH PUBLIC by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for QUALITECH PUBLIC'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 QUALITECH PUBLIC's earnings, one of the primary drivers of an investment's value.

QUALITECH Net Income vs. Price to Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
QUALITECH PUBLIC 
P/B 
 = 
MV Per Share 
BV Per Share 
1.95 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
QUALITECH PUBLIC 
Net Income 
 = 
(Rev + Gain) 
-  
(Exp + Loss) 
70.12 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

QUALITECH Net Income Comparison

QUALITECH PUBLIC is currently under evaluation in net income category among related companies.

QUALITECH PUBLIC Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in QUALITECH PUBLIC, profitability is also one of the essential criteria for including it into their portfolios because, without profit, QUALITECH PUBLIC will eventually generate negative long term returns. The profitability progress is the general direction of QUALITECH PUBLIC's change in net profit over the period of time. It can combine multiple indicators of QUALITECH PUBLIC, 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.
Qualitech Public Company Limited offer nondestructive testing, and engineering inspection and certification services in Thailand and internationally.

QUALITECH Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on QUALITECH PUBLIC. 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 QUALITECH PUBLIC 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 QUALITECH PUBLIC's important profitability drivers and their relationship over time.

Use QUALITECH PUBLIC 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 QUALITECH PUBLIC 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 QUALITECH PUBLIC will appreciate offsetting losses from the drop in the long position's value.

QUALITECH PUBLIC Pair Trading

QUALITECH PUBLIC COMPANY Pair Trading Analysis

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

In addition to having QUALITECH PUBLIC 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 USD Crypto Fund Thematic Idea Now

USD Crypto Fund
USD Crypto Fund Theme
Fund from digital currency traded on multiple global exchanges in US dollors. The USD Crypto Fund theme has 24 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 USD Crypto Fund Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Other Tools for QUALITECH Stock

When running QUALITECH PUBLIC COM price analysis, check to measure QUALITECH PUBLIC'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 QUALITECH PUBLIC is operating at the current time. Most of QUALITECH PUBLIC's value examination focuses on studying past and present price action to predict the probability of QUALITECH PUBLIC's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move QUALITECH PUBLIC's price. Additionally, you may evaluate how the addition of QUALITECH PUBLIC to your portfolios can decrease your overall portfolio volatility.
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