Advanced Financial Statements From 2010 to 2024
| 3152 Stock | TWD 173.00 0.50 0.29% |
Check Advanced Ceramic financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Advanced Ceramic's main balance sheet or income statement drivers, such as , as well as many indicators such as . Advanced financial statements analysis is a perfect complement when working with Advanced Ceramic Valuation or Volatility modules.
Advanced |
Advanced Ceramic X Company Current Valuation Analysis
Advanced Ceramic's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Advanced Ceramic Current Valuation | 11.64 B |
Most of Advanced Ceramic's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Advanced Ceramic X is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Advanced Ceramic X has a Current Valuation of 11.64 B. This is 39.73% lower than that of the Technology sector and 60.11% higher than that of the Communication Equipment industry. The current valuation for all Taiwan stocks is 29.98% higher than that of the company.
Advanced Ceramic X Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Advanced Ceramic's current stock value. Our valuation model uses many indicators to compare Advanced Ceramic value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Advanced Ceramic competition to find correlations between indicators driving Advanced Ceramic's intrinsic value. More Info.Advanced Ceramic X is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.54 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Advanced Ceramic X is roughly 1.87 . 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 Advanced Ceramic's earnings, one of the primary drivers of an investment's value.About Advanced Ceramic Financial Statements
Advanced Ceramic investors use historical fundamental indicators, such as Advanced Ceramic's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Advanced Ceramic. Please read more on our technical analysis and fundamental analysis pages.
Advanced Ceramic X Corporation designs, manufactures, and sells RF front-end devices and modules for wireless communication applications in Taiwan. Advanced Ceramic X Corporation was founded in 1998 and is headquartered in Hsinchu County, Taiwan. ADVANCED CERAMIC operates under Communication Equipment classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 292 people.
Pair Trading with Advanced Ceramic
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 Advanced Ceramic 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 Advanced Ceramic will appreciate offsetting losses from the drop in the long position's value.Moving together with Advanced Stock
| 0.64 | 6285 | Wistron NeWeb Corp | PairCorr |
| 0.72 | 3596 | Arcadyan Technology Corp | PairCorr |
| 0.64 | 3380 | Alpha Networks | PairCorr |
| 0.64 | 4906 | Gemtek Technology | PairCorr |
Moving against Advanced Stock
The ability to find closely correlated positions to Advanced Ceramic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Ceramic 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 Advanced Ceramic - 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 Advanced Ceramic X to buy it.
The correlation of Advanced Ceramic 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 Advanced Ceramic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Ceramic X 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 Advanced Ceramic 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.Additional Tools for Advanced Stock Analysis
When running Advanced Ceramic's price analysis, check to measure Advanced Ceramic'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 Advanced Ceramic is operating at the current time. Most of Advanced Ceramic's value examination focuses on studying past and present price action to predict the probability of Advanced Ceramic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Ceramic's price. Additionally, you may evaluate how the addition of Advanced Ceramic to your portfolios can decrease your overall portfolio volatility.