Financial data analysis helps to validate if markets are presently mispricing Wajax. We have analyzed and interpolated fourty available indicators for Wajax, which can be compared to its rivals. The stock experiences a moderate upward volatility. Check odds of Wajax to be traded at C$25.65 in 90 days. Key indicators impacting Wajax's financial strength include:
Understanding current and past Wajax Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Wajax's financial statements are interrelated, with each one affecting the others. For example, an increase in Wajax's assets may result in an increase in income on the income statement.
Wajax competes with Russel Metals, Bird Construction, Finning International, Mullen, and Ag Growth. Wajax Corporation, an integrated distribution company, provides sales, parts, and services to construction, forestry, mining, industrialcommercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. Wajax Corporation was founded in 1858 and is headquartered in Mississauga, Canada. WAJAX CORPORATION operates under Industrial Distribution classification in Canada and is traded on Toronto Stock Exchange. It employs 2900 people.
You should never invest in Wajax without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Wajax Stock, because this is throwing your money away. Analyzing the key information contained in Wajax's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Wajax Key Financial Ratios
Wajax's financial ratios allow both analysts and investors to convert raw data from Wajax's financial statements into concise, actionable information that can be used to evaluate the performance of Wajax over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining Wajax's current stock value. Our valuation model uses many indicators to compare Wajax value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Wajax competition to find correlations between indicators driving Wajax's intrinsic value. More Info.
Wajax is rated fifth in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.51 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Wajax is roughly 1.96 . At this time, Wajax's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Wajax by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wajax'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.
Wajax Systematic Risk
Wajax's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Wajax volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Wajax correlated with the market. If Beta is less than 0 Wajax generally moves in the opposite direction as compared to the market. If Wajax Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Wajax is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Wajax is generally in the same direction as the market. If Beta > 1 Wajax moves generally in the same direction as, but more than the movement of the benchmark.
Wajax Total Assets Over Time
Today, most investors in Wajax Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Wajax's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Wajax growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Wajax help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Wajax. We use our internally-developed statistical techniques to arrive at the intrinsic value of Wajax based on widely used predictive technical indicators. In general, we focus on analyzing Wajax Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Wajax's daily price indicators and compare them against related drivers.
Wajax financial ratios help investors to determine whether Wajax Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wajax with respect to the benefits of owning Wajax security.