Benefytt Technologies Profitability Analysis
Based on Benefytt Technologies' profitability indicators, Benefytt Technologies may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in May. Profitability indicators assess Benefytt Technologies' ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis 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 gross domestic product.
Please note, there is a significant difference between Benefytt Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Benefytt Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Benefytt Technologies' 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 Benefytt Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Benefytt Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Benefytt Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Benefytt Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Benefytt Technologies over time as well as its relative position and ranking within its peers.
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Benefytt Technologies Return On Asset vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Benefytt Technologies's current stock value. Our valuation model uses many indicators to compare Benefytt Technologies value to that of its competitors to determine the firm's financial worth. Benefytt Technologies is one of the top stocks in return on equity category among related companies. It is one of the top stocks in return on asset category among related companies reporting about 0.19 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Benefytt Technologies is roughly 5.25 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Benefytt Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Benefytt Technologies' 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 Benefytt Technologies' earnings, one of the primary drivers of an investment's value.Benefytt Return On Asset vs. Return On Equity
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.
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| = | 0.31 |
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.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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| = | 0.059 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Benefytt Return On Asset Comparison
Benefytt Technologies is currently under evaluation in return on asset category among related companies.
Benefytt Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Benefytt Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Benefytt Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Benefytt Technologies' change in net profit over the period of time. It can combine multiple indicators of Benefytt Technologies, 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.
Benefytt Technologies, Inc., a health insurance technology company, primarily engages in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. The company was formerly known as Health Insurance Innovations, Inc. and changed its name to Benefytt Technologies, Inc. in March 2020. Health Insurance operates under Health Care Plans classification in USA and is traded on NASDAQ General Markets. It employs 342 people.
Benefytt Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Benefytt Technologies. 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 Benefytt Technologies 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 Benefytt Technologies' important profitability drivers and their relationship over time.
Use Benefytt Technologies 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 Benefytt Technologies 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 Benefytt Technologies will appreciate offsetting losses from the drop in the long position's value.Benefytt Technologies Pair Trading
Benefytt Technologies Pair Trading Analysis
The ability to find closely correlated positions to Williams Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Williams Companies 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 Williams Companies - 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 Williams Companies to buy it.
The correlation of Williams Companies 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 Williams Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Williams Companies 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 Williams Companies 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 Benefytt Technologies position
In addition to having Benefytt Technologies 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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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 Gold ETFs Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis 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 gross domestic product. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Consideration for investing in Benefytt Stock
If you are still planning to invest in Benefytt Technologies 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 Benefytt Technologies' history and understand the potential risks before investing.
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