Speedway Motorsports Gross Profit vs. Return On Equity
Based on Speedway Motorsports' profitability indicators, Speedway Motorsports may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in June. Profitability indicators assess Speedway Motorsports' ability to earn profits and add value for shareholders.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Please note, there is a significant difference between Speedway Motorsports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Speedway Motorsports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Speedway Motorsports' 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.
For Speedway Motorsports profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Speedway Motorsports to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Speedway Motorsports utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Speedway Motorsports's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Speedway Motorsports over time as well as its relative position and ranking within its peers.
Speedway |
Speedway Motorsports Return On Equity vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Speedway Motorsports's current stock value. Our valuation model uses many indicators to compare Speedway Motorsports value to that of its competitors to determine the firm's financial worth. Speedway Motorsports is currently regarded as top stock in gross profit category among related companies. It is currently regarded as top stock in return on equity category among related companies . The ratio of Gross Profit to Return On Equity for Speedway Motorsports is about 545,800,000,000 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Speedway Motorsports by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Speedway Motorsports' 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 Speedway Motorsports' earnings, one of the primary drivers of an investment's value.Speedway Return On Equity vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Speedway Motorsports |
| = | 218.32 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Speedway Motorsports |
| = | 4.0E-4 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Speedway Return On Equity Comparison
Speedway Motorsports is currently under evaluation in return on equity category among related companies.
Speedway Motorsports Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Speedway Motorsports, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Speedway Motorsports will eventually generate negative long term returns. The profitability progress is the general direction of Speedway Motorsports' change in net profit over the period of time. It can combine multiple indicators of Speedway Motorsports, 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.
Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. Speedway Motorsports, Inc. is a subsidiary of Sonic Financial Corporation. Speedway Motorsports operates under Leisure classification in USA and is traded on New York Stock Exchange. It employs 748 people.
Speedway Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Speedway Motorsports. 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 Speedway Motorsports 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 Speedway Motorsports' important profitability drivers and their relationship over time.
Use Speedway Motorsports 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 Speedway Motorsports 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 Speedway Motorsports will appreciate offsetting losses from the drop in the long position's value.Speedway Motorsports Pair Trading
Speedway Motorsports Pair Trading Analysis
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The correlation of Nextera Energy 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 Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy 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 Nextera Energy 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 Speedway Motorsports position
In addition to having Speedway Motorsports 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 to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in Speedway Stock
If you are still planning to invest in Speedway Motorsports check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Speedway Motorsports' history and understand the potential risks before investing.
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