Wanshih Electronic Shares Outstanding vs. Price To Book
| 6134 Stock | TWD 20.10 0.20 0.99% |
For Wanshih Electronic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wanshih Electronic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wanshih Electronic Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wanshih Electronic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wanshih Electronic Co over time as well as its relative position and ranking within its peers.
Wanshih |
Wanshih Electronic Price To Book vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Wanshih Electronic's current stock value. Our valuation model uses many indicators to compare Wanshih Electronic value to that of its competitors to determine the firm's financial worth. Wanshih Electronic Co is rated second in shares outstanding category among related companies. It is rated second in price to book category among related companies . The ratio of Shares Outstanding to Price To Book for Wanshih Electronic Co is about 35,690,401 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Wanshih Electronic by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Wanshih Electronic'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 Wanshih Electronic's earnings, one of the primary drivers of an investment's value.Wanshih Price To Book vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Wanshih Electronic |
| = | 72.58 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Wanshih Electronic |
| = | 2.03 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.
Wanshih Price To Book Comparison
Wanshih Electronic is currently under evaluation in price to book category among related companies.
Wanshih Electronic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Wanshih Electronic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wanshih Electronic will eventually generate negative long term returns. The profitability progress is the general direction of Wanshih Electronic's change in net profit over the period of time. It can combine multiple indicators of Wanshih Electronic, 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.
Wanshih Electronic Co., Ltd. operates as an OEMODM manufacturer of mini coaxial cable assembly for tier-one notebook computer and mobile phone companies worldwide. The company was founded in 1987 and is headquartered in New Taipei City, Taiwan. WANSHIH ELECTRONIC operates under Electronic Components classification in Taiwan and is traded on Taiwan OTC Exchange.
Wanshih Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Wanshih Electronic. 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 Wanshih Electronic 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 Wanshih Electronic's important profitability drivers and their relationship over time.
Use Wanshih Electronic 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 Wanshih Electronic 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 Wanshih Electronic will appreciate offsetting losses from the drop in the long position's value.Wanshih Electronic Pair Trading
Wanshih Electronic Co Pair Trading Analysis
The ability to find closely correlated positions to Wanshih Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wanshih Electronic 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 Wanshih Electronic - 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 Wanshih Electronic Co to buy it.
The correlation of Wanshih Electronic 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 Wanshih Electronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wanshih Electronic 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 Wanshih Electronic 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 Wanshih Electronic position
In addition to having Wanshih Electronic 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 Computers Thematic Idea Now
Computers
Companies that manufacture and distribute personal and business computers. The Computers theme has 41 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 Computers Theme or any other thematic opportunities.
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Complementary Tools for Wanshih Stock analysis
When running Wanshih Electronic's price analysis, check to measure Wanshih Electronic'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 Wanshih Electronic is operating at the current time. Most of Wanshih Electronic's value examination focuses on studying past and present price action to predict the probability of Wanshih Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wanshih Electronic's price. Additionally, you may evaluate how the addition of Wanshih Electronic to your portfolios can decrease your overall portfolio volatility.
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To fully project Wanshih Electronic's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wanshih Electronic at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Wanshih Electronic's income statement, its balance sheet, and the statement of cash flows.