Value Comp For Artis Real Estate Investment Trust (AX.UN.TO) Reaches Key 9 Mark - Stock Minute

Value Comp For Artis Real Estate Investment Trust (AX.UN.TO) Reaches Key 9 Mark - Stock Minute

Taking a look at valuation rankings for Artis Real Estate Investment Trust (AX.UN.TO), we see that the stock has a Value Composite score of 15. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to sales. The VC is displayed as a number between 1 and 100. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 9. Swapping out shareholder yield with buyback yield we get the value composite three score of 9.

Amateur investors can sometimes become overwhelmed by the speed and volatility of the stock market. Often times, avoiding big mistakes early on can be the difference between staying in the game or being prematurely forced to the sidelines. One of the biggest mistakes that a new investor can make is not creating a realistic plan. A well-crafted plan will generally include risk tolerance, time horizon, and amount and frequency of investments. Having a clear plan for attaining goals can help the investor stay focused when the terrain gets rocky. Another common mistake for investors is buying high and selling low. Of course, everybody preaches the buy low sell high mantra, but it is much easier said than done. Getting caught up in the day to day market swings can lead the investor to do just the opposite and become a hot stock chaser instead of a disciplined decision maker.

Watching some historical volatility numbers on shares of Artis Real Estate Investment Trust (AX.UN.TO), we can see that the 24 month volatility stands at 16.7997, the 12 month volatility is presently 22.0025. The 6 month volatility is 16.7458, and the 3 month is spotted at 16.5972. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. 

After a recent scan, we can see that Artis Real Estate Investment Trust (AX.UN.TO) has an Earnings Yield of 0.068994  and a five year earnings mark of 0.070277. Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. Companies may issue new shares and buy back their own shares. This may occur at the same time. Investors may also use earnings yield to gauge a baseline rate of return.

The Return on Invested Capital (aka ROIC) for Artis Real Estate Investment Trust (AX.UN.TO) is 40.278689.  The Return on Invested Capital is a ratio that determines whether a company is profitable or not.  It tells investors how well a company is turning their capital into profits.  The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital.  The employed capital is calculated by subrating current liabilities from total assets.  Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years.  The ROIC 5 year mark of Artis Real Estate Investment Trust (AX.UN.TO) is 0.062202.  This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC.  The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets).  

Ratios

The External Financing Ratio of Artis Real Estate Investment Trust (AX.UN.TO) is -0.038463.

This factor was introduced by Richard Tortoriello, a senior quantitative analyist for S&P Capital IQ. He authored a book on quantitative analysis: Quantitative Strategies for Achieving Alpha (2009, McGraw Hill). In this book, he identified the External Financing Ratio as a factor that is very good at predicting investment underperformance.

Formula:

External finance ratio=(Total Assets-Total Assets y-1-Cash Flow from Operations)Total Assets”>External finance ratio=(Total Assets−Total Assets y-1−Cash Flow from Operations) divided by Total Assets

Gross Margin Score

Robert Novy-Marx, a professor at the University of Rochester, discovered that gross profitability – a quality factor – has as much power predicting stock returns as traditional value metrics. He found that while other quality measures had some predictive power, especially on small caps and in conjunction with value measures, gross profitability generates significant excess returns as a stand alone strategy, especially on large cap stocks.

Stock Market followers may also be following some quality ratios for Artis Real Estate Investment Trust (AX.UN.TO). Robert Novy-Marx, a professor at the university of Rochester, discovered that gross profitability – a quality factor – has as much power predicting stock returns as traditional value metrics. He found that while other quality measures had some predictive power, especially on small caps and in conjunction with value measures, gross profitability generates significant excess returns as a stand alone strategy, especially on large cap stocks.The Gross profitability for (AX.UN.TO) is 0.057288.

Net Debt to Market Cap

This ratio gives a sense of how much debt a company has relative to its market value. Companies with high debt levels compared to their peers can be volatile. We calculate it as follows:

Net Debt to Market Cap=(Total Debt-Cash and ST Investments)Market Cap”>Net Debt to Market Cap=(Total Debt−Cash and ST Investments) divided by Market Cap

Artis Real Estate Investment Trust (AX.UN.TO) currently has a net debt to market cap ratio of 1.609656.

The Price Index is a ratio that indicates the return of a share price over a past period. The price index of Artis Real Estate Investment Trust (AX.UN.TO) for last month was 1.025795. This is calculated by taking the current share price and dividing by the share price one month ago. If the ratio is greater than 1, then that means there has been an increase in price over the month. If the ratio is less than 1, then we can determine that there has been a decrease in price. Similarly, investors look up the share price over 12 month periods. The Price Index 12m for Artis Real Estate Investment Trust (AX.UN.TO) is 0.994607.

Looking at stock market performance over the last few months, new investors may be worried that they might have missed out on some fantastic opportunities. With so much information and data available, they may not even know where to begin when getting into the stock investing arena. Everybody has to start somewhere, and becoming knowledgeable about the basics may help provide the perfect springboard from which to launch. Starting with the basics may help the investor understand the bigger picture which can then be filtered down into specifics. Because there is no magic formula to achieving success in the stock market, investors may have to explore many different strategies before choosing one to run with.

2019-08-08 06:47:11Z
https://thestockminute.com/value-comp-for-artis-real-estate-investment-trust-ax-un-to-reaches-key-9-mark/65723/

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