Merry Competitors

Stocks . Taiwan . 
Stock . Merry Electronics Co
2439 Stock  TWD 109.00  1.50  1.36%   
Merry Electronics competes with Hunya Foods, Cathay Financial, Asustek Computer, Taiwan Cooperative, and RiTdisplay Corp; as well as few others. The company operates under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. Analyzing Merry Electronics competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Merry Electronics to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Merry Electronics Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Merry Electronics competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
106.88109.00111.12
Details
Intrinsic
Valuation
LowRealHigh
94.3796.49119.90
Details
Naive
Forecast
LowNextHigh
106.46108.58110.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
108.09109.50110.91
Details

Merry Electronics Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Merry Electronics and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Merry and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Merry Electronics does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
2357
+ 0.79
2882B
6674
+ 0.79
8104
5880
+ 0.7
1236
8104
+ 0.57
2882B
8104
+ 0.56
2357
6674
+ 0.43
2357
  
High negative correlations   
5880
- 0.56
2882B
2357
- 0.53
1236
2882B
- 0.48
1236
5880
- 0.47
2357
6674
- 0.34
5880
6674
- 0.33
1236

Risk-Adjusted Indicators

There is a big difference between Merry Stock performing well and Merry Electronics Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Merry Electronics' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Merry Electronics Competitive Analysis

The better you understand Merry Electronics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Merry Electronics' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Merry Electronics' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
2439 1236 2882B 2357 5880 8104 2851 6470 6674
 1.36 
 109.00 
Merry
 0.22 
 23.10 
Hunya
 0.17 
 59.50 
Cathay
 0.16 
 611.00 
Asustek
 0.20 
 25.05 
Taiwan
 0.70 
 57.30 
RiTdisplay
 0.78 
 25.80 
Central
 3.20 
 49.95 
6470
 4.88 
 30.20 
Compal
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Solid
OK
Very Weak
Good
Very Weak
Very Weak
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Below Average
Below Average
Low
Average
Low
Below Average
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Buy
Strong Sell
Strong Buy
Hold
Strong Sell
Hold
Hold
Strong Sell
Current Ratio
1.08
1.76
1.19
1.64
N/A
1.56
1.28
N/A
2.29
Net Asset
33.86 B
3.46 B
11.59 T
504.15 B
4.43 T
3.97 B
49.46 B
1.51 B
3.24 B
Profit Margin
0.0441
0.2
0.13
0.0544
0.38
0.0145
0.0251
0.0941
0.0024
EBITDA
2.39 B
153.08 M
(235.56 B)
62.85 B
N/A
398.5 M
(1.54 B)
161.19 M
89.43 M
Operating Margin
0.0376
-0.0129
-0.42
0.0537
0.45
0.0201
-0.0802
0.0785
-0.0074
Current Valuation
17.63 B
2.88 B
(1.22 T)
213.06 B
411.36 B
4.03 B
(9.57 B)
1.64 B
870.79 M
Price To Book
1.47
0.84
N/A
0.94
1.84
1.28
0.84
2.33
1.06
Retained Earnings
2.48 B
358 M
N/A
130.1 B
15.7 B
N/A
3.37 B
N/A
N/A
Current Asset
6.28 B
720 M
N/A
246.16 B
344.38 B
N/A
19.65 B
N/A
N/A
Five Year Return
5.98
N/A
N/A
6.09
3.84
N/A
5.61
N/A
N/A
Beta
0.72
0.81
0.61
0.56
0.39
1.13
0.46
0.83
0.77
Number Of Employees
7.39 K
10
57.1 K
36
9.74 K
15
163
5
12
Shares Outstanding
218.05 M
108.34 M
12.5 B
742.76 M
14.01 B
73.65 M
800.39 M
32.69 M
68 M
Cash Flow From Operations
2.66 B
165 M
72.52 B
32.69 B
(160.66 B)
10.69 M
3.17 B
197.96 M
(287.6 M)
Annual Yield
0.0479
0.0209
0.037
0.16
0.0373
0.0519
0.0957
0.0449
0.0383
Total Debt
4.31 B
550 M
429.04 B
155.04 M
239.67 B
243.12 M
122 K
36.41 M
11.03 M
Return On Equity
0.15
0.18
0.12
0.14
0.0896
0.0219
0.0332
0.3
0.0041
Z Score
3.4
2.4
0.6
N/A
0.6
6.6
N/A
32.2
96.0
Return On Asset
0.0248
-0.0049
-0.0129
0.0393
0.0046
0.0068
-0.0196
0.0794
-0.0044
Book Value Per Share
55.18
27.08
21.23
291.39
14.4
29.61
23.29
25.74
23.08
Current Liabilities
2.58 B
638 M
N/A
139.57 B
2.76 T
N/A
17.65 B
N/A
N/A
Total Asset
33.86 B
3.46 B
11.59 T
504.15 B
4.43 T
3.97 B
49.46 B
1.51 B
3.24 B
Debt To Equity
0.81
33.0
0.5
4.7
N/A
0.42
N/A
N/A
0.006
Target Price
108.0
N/A
N/A
242.45
19.3
N/A
N/A
N/A
N/A
Last Dividend Paid
4.0
0.5
3.5
42.0
0.97
2.01
1.8
2.7
1.0
Shares Owned By Institutions
13.0
N/A
0.24
32.09
13.2
0.12
1.63
15.45
6.11
Market Capitalization
18.25 B
2.55 B
493.1 B
205.37 B
374.74 B
2.88 B
14.65 B
1.91 B
1.77 B
Price To Earning
16.21
1.04
7.78
40.01
21.41
12.12
10.67
N/A
46.35
Price To Earnings To Growth
0.57
N/A
N/A
-4.83
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.48
1.19
0.81
0.35
7.1
1.1
0.58
0.77
0.62
Net Income
1.13 B
(27.36 M)
139.51 B
44.55 B
20.53 B
192.16 M
2.07 B
111.75 M
32.74 M
Earnings Per Share
6.79
3.68
8.58
40.63
1.4
0.5
0.81
6.98
0.1
Shares Owned By Insiders
14.48
62.24
N/A
9.48
33.69
48.88
87.65
31.83
80.16
Revenue
36.18 B
1.76 B
621.86 B
535.24 B
54.34 B
2.23 B
20.44 B
1.72 B
2.91 B
Working Capital
3.7 B
82 M
N/A
106.59 B
(2.42 T)
N/A
2 B
N/A
N/A
Cash And Equivalents
6.93 B
83.55 M
2.3 T
65.08 B
239.72 B
926.22 M
19.08 B
N/A
1.31 B
Cash Per Share
33.06
0.77
174.87
87.62
17.11
13.85
32.24
N/A
19.61
Gross Profit
4.38 B
452.29 M
325.74 B
110.32 B
51.66 B
420.11 M
3.36 B
360.81 M
572.63 M
Day Typical Price
109.5
23.03
59.47
612.33
25.05
57.07
25.75
49.5
30.35
Accumulation Distribution
0.0136
0.0087
0.0017
0.0162
0.004
0.053
0.0097
0.029
0.0804
Market Facilitation Index
1.5
0.2
0.1
10.0
0.1
3.1
0.25
1.45
2.55
Daily Balance Of Power
(1.00)
(0.25)
1.0
0.1
(0.50)
0.129
0.8
1.068966
(0.61)
Period Momentum Indicator
(1.50)
(0.05)
0.1
1.0
(0.05)
0.4
0.2
1.55
(1.55)
Rate Of Daily Change
0.99
1.0
1.0
1.0
1.0
1.01
1.01
1.03
0.95
Day Median Price
109.75
23.0
59.45
613.0
25.05
56.95
25.73
49.28
30.42
Price Action Indicator
(1.50)
0.075
0.1
(1.50)
(0.03)
0.55
0.17
1.45
(1.00)
Relative Strength Index
58.61
41.16
94.95
51.92
42.58
32.58
37.46
28.02
42.23
Coefficient Of Variation
(736.35)
(1,306)
434.58
660.83
(1,697)
687.25
(6,543)
9468.54
768.45
Mean Deviation
1.69
0.5586
0.1857
1.38
0.5188
2.44
0.8522
1.07
1.77
Jensen Alpha
(0.29)
(0.11)
0.053
0.2156
(0.06)
0.5011
(0.04)
(0.01)
0.3804
Total Risk Alpha
(0.66)
(0.20)
0.0098
(0.02)
(0.16)
(0.05)
(0.22)
(0.24)
(0.08)
Sortino Ratio
N/A
N/A
(0.24)
0.0888
N/A
0.1525
N/A
(0.07)
0.1021
Downside Variance
N/A
N/A
0.0784
2.42
N/A
5.57
N/A
2.71
4.72
Standard Deviation
2.2
0.7974
0.2728
1.78
0.7155
3.37
1.23
1.54
2.71
Kurtosis
0.6854
3.01
5.45
0.2716
1.59
1.46
3.15
2.2
4.0
Potential Upside
3.29
1.28
0.5085
3.54
1.18
6.7
1.68
2.75
6.5
Treynor Ratio
1.92
(0.25)
(23.98)
0.7221
(1.16)
(2.83)
(0.44)
0.0513
(1.09)
Maximum Drawdown
11.31
5.22
1.74
9.2
4.29
16.28
7.47
9.1
13.71
Variance
4.86
0.6358
0.0744
3.16
0.5119
11.37
1.51
2.38
7.34
Market Risk Adjusted Performance
1.93
(0.24)
(23.97)
0.7321
(1.15)
(2.82)
(0.43)
0.0613
(1.08)
Risk Adjusted Performance
(0.1)
(0.06)
0.1584
0.1217
(0.05)
0.1193
(0.01)
0.0131
0.107
Skewness
(0.43)
0.7045
1.47
0.4718
0.1918
1.01
0.8017
(0.06)
1.55
Semi Deviation
N/A
N/A
0.0
1.18
N/A
2.0
N/A
1.47
1.63
Information Ratio
(0.20)
(0.24)
(0.25)
0.0777
(0.24)
0.1067
(0.12)
(0.07)
0.0819
Value At Risk
(3.82)
(1.21)
(0.34)
(2.01)
(1.17)
(4.46)
(2.26)
(2.44)
(3.23)
Expected Short fall
N/A
N/A
(0.30)
(1.73)
N/A
(3.56)
N/A
(1.19)
(2.21)
Downside Deviation
N/A
N/A
0.2801
1.55
N/A
2.36
N/A
1.65
2.17
Semi Variance
N/A
N/A
(0.04)
1.4
N/A
4.01
N/A
2.15
2.67

Merry Electronics Competition Performance Charts

Five steps to successful analysis of Merry Electronics Competition

Merry Electronics' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Merry Electronics in relation to its competition. Merry Electronics' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Merry Electronics in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Merry Electronics' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Merry Electronics, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Merry Electronics position

In addition to having Merry Electronics 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.

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Personal Services Theme
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Additional Tools for Merry Stock Analysis

When running Merry Electronics' price analysis, check to measure Merry Electronics' 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 Merry Electronics is operating at the current time. Most of Merry Electronics' value examination focuses on studying past and present price action to predict the probability of Merry Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merry Electronics' price. Additionally, you may evaluate how the addition of Merry Electronics to your portfolios can decrease your overall portfolio volatility.
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