Shun Competitors

Stocks . Taiwan . 
Stock . Shun On Electronic
6283 Stock   22.45  0.15  0.67%   
Shun On Electronic competes with Global View, Dynacolor, Meiloon Industrial, Yen Sun, and Hanpin Electron; as well as few others. The company operates under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. Analyzing Shun On 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 Shun On to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Shun On Correlation with its peers.

Shun On vs M3 Technology Correlation

Very good diversification

The correlation between Shun On Electronic and 6799 is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shun On Electronic and 6799 in the same portfolio, assuming nothing else is changed.

Moving against Shun Stock

  0.750051 YuantaP shares TaiwanPairCorr
  0.730053 YuantaP shares TaiwanPairCorr
  0.720050 YuantaP shares TaiwanPairCorr
  0.714582 Hengs TechnologyPairCorr
  0.710057 Fubon MSCI TaiwanPairCorr
Hype
Prediction
LowEstimatedHigh
20.6122.4524.29
Details
Intrinsic
Valuation
LowRealHigh
21.7023.5425.38
Details
Naive
Forecast
LowNextHigh
19.9521.7923.63
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.4224.2025.97
Details

Shun On Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Shun On 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 Shun 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 Shun On Electronic does not affect the price movement of the other competitor.

High positive correlations

2462
+ 0.81
6728
6799
+ 0.76
6728
6799
+ 0.75
2462
2462
+ 0.74
2477
2462
+ 0.69
5489
6799
+ 0.67
6275
  

High negative correlations

2477
- 0.73
3040
6743
- 0.72
6275
5489
- 0.68
3040
2462
- 0.64
3040
6743
- 0.49
2477
6728
- 0.49
3040

Risk-Adjusted Indicators

There is a big difference between Shun Stock performing well and Shun On 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 Shun On's 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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
3040  1.98 (0.17) 0.00 (0.19) 0.00 
 0.00 
 6.41 
(4.01)
 15.07 
5489  0.72  0.08  0.05  4.01  0.70 
(0.97)
 1.82 
(1.23)
 5.65 
2477  1.41  0.00  0.00  0.04  1.48 
(1.72)
 4.03 
(2.48)
 9.77 
6275  1.97  0.11  0.04  0.33  1.96 
(2.55)
 6.25 
(2.77)
 16.20 
2488  0.65 (0.02) 0.00  0.25  0.00 
 0.00 
 0.89 
(1.41)
 9.19 
6728  0.83  0.01 (0.01) 0.08  1.00 
(1.18)
 1.98 
(1.85)
 8.40 
6743  1.28 (0.12) 0.00  0.65  0.00 
 0.00 
 3.72 
(2.88)
 8.63 
2462  1.80  0.08  0.01 (0.37) 2.32 
(1.89)
 4.96 
(4.12)
 14.46 
3024  1.31 (0.17) 0.00 (0.38) 0.00 
 0.00 
 2.74 
(2.63)
 6.50 
6799  1.65  0.00 (0.01) 0.04  2.20 
(1.62)
 3.45 
(3.51)
 10.56 

Shun On Competitive Analysis

The better you understand Shun On competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Shun On's 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 Shun On's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
6283 3040 5489 2477 6275 2488 6728 6743 2462 3024
 0.67 
 22.45 
Shun
 2.53 
 54.00 
Global
 0.35 
 42.30 
Dynacolor
 0.82 
 24.05 
Meiloon
 0.41 
 49.40 
Yen
 0.44 
 45.50 
Hanpin
 1.08 
 140.50 
6728
 0.37 
 26.85 
AMPACS
 4.96 
 25.40 
Taiwan
 0.49 
 10.20 
Action
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
Not too volatile
Market Performance
(90 Days Performance)
Weakest
Weakest
Fair
Soft
Mild
Weakest
Soft
Weakest
Mild
Weakest
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Small
Low
Low
Current Valuation
(Equity Enterprise Value)
Under Valued
Fairly Valued
Under Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly 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
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Cautious Hold
Strong Buy
Hold
Strong Hold
Strong Sell
Hold
Strong Sell
Strong Sell
Hold
Current Ratio
2.12
3.02
3.21
2.13
1.53
3.48
2.24
0.93
1.73
1.6
Net Asset
2.99 B
1.78 B
3.21 B
9.05 B
3.06 B
4.09 B
N/A
9.09 B
5.52 B
4.36 B
Profit Margin
0.0285
0.65
0.16
0.0322
0.055
0.0942
11.79
0.0058
0.0197
0.0486
EBITDA
31.78 M
186.2 M
200.9 M
2.74 B
366.62 M
238.92 M
300.94 M
404.95 M
231.31 M
132.53 M
Operating Margin
-0.12
0.46
0.0808
0.0157
0.0465
0.0973
14.52
0.0102
-0.0146
0.0321
Current Valuation
4.45 B
1.2 B
3.23 B
200.7 M
2.54 B
790.36 M
1.81 B
9.17 B
4.5 B
3.71 B
Price To Book
2.81
1.27
1.65
0.63
1.51
1.02
2.43
1.96
1.5
1.34
Retained Earnings
(642 M)
727 M
N/A
891 M
N/A
1.07 B
N/A
N/A
936 M
(760 M)
Current Asset
760 M
916 M
N/A
3.2 B
N/A
2.78 B
N/A
N/A
3.28 B
2.17 B
Five Year Return
N/A
N/A
5.7
N/A
N/A
7.15
N/A
N/A
N/A
N/A
Beta
1.2
0.73
0.31
0.38
1.19
0.51
0.27
1.7
0.73
0.68
Number Of Employees
11
7
14
1.73 K
15
11
N/A
N/A
10
23
Shares Outstanding
146.51 M
63 M
99.8 M
126.86 M
69.4 M
80 M
23 M
147.5 M
140.58 M
277.16 M
Cash Flow From Operations
(185.91 M)
49.7 M
10.78 M
(883.68 M)
(23.08 M)
(56.45 M)
275.16 M
(860.51 M)
(68.25 M)
(75.15 M)
Annual Yield
N/A
0.0671
0.0276
0.0998
0.0766
0.0415
N/A
0.0117
0.0202
0.0229
Total Debt
339.1 M
50 M
8.78 M
1.01 B
559.09 M
110 M
86.72 M
859.09 M
80 M
352.82 M
Return On Equity
0.0075
0.0669
0.14
0.0259
0.18
0.13
31.61
0.0118
0.0385
0.0282
Z Score
7.8
22.2
N/A
1.2
2.8
12.6
12.6
4.2
31.8
6.0
Return On Asset
-0.0475
0.0275
0.0303
0.0042
0.0358
0.0493
14.0
0.0041
-0.0091
0.0073
Book Value Per Share
12.16
23.39
22.61
26.34
17.77
28.6
33.2
19.2
18.26
10.19
Current Liabilities
359 M
303 M
N/A
1.19 B
N/A
1.38 B
N/A
N/A
1.42 B
2.22 B
Total Asset
2.99 B
1.78 B
3.21 B
9.05 B
3.06 B
4.09 B
N/A
9.09 B
5.52 B
4.36 B
Debt To Equity
0.12
0.03
0.06
16.9
87.8
5.2
0.12
1.21
42.1
23.6
Last Dividend Paid
N/A
2.0
1.0
1.88
2.19
1.2
4.2
0.5
0.6
0.3
Target Price
N/A
N/A
N/A
N/A
N/A
N/A
N/A
80.0
31.0
N/A
Shares Owned By Institutions
N/A
7.14
0.26
0.79
0.45
1.29
4.0
0.07
0.4
0.86
Market Capitalization
4.67 B
1.89 B
3.6 B
2.55 B
1.99 B
2.33 B
1.85 B
6.31 B
4.32 B
3.8 B
Price To Earning
56.27
3.79
57.8
13.18
24.14
8.36
12.25
16.25
33.21
11.74
Price To Sales
2.52
11.95
2.05
0.64
0.49
0.75
1.09
0.95
0.79
2.37
Net Income
(59.37 M)
124.02 M
123.58 M
1.64 B
197.07 M
143.29 M
199.7 M
(49.24 M)
117.25 M
208.54 M
Earnings Per Share
0.36
1.63
2.93
0.81
2.64
3.61
6.58
0.23
0.69
0.27
Shares Owned By Insiders
55.25
34.11
73.13
52.11
32.7
38.6
76.18
55.78
45.63
24.59
Revenue
2.54 B
171.53 M
1.71 B
3.76 B
3.93 B
2.49 B
1.69 B
5.68 B
4.93 B
1.54 B
Working Capital
401 M
613 M
N/A
2.01 B
N/A
1.4 B
N/A
N/A
1.86 B
(55 M)
Cash And Equivalents
460.38 M
848.76 M
807.56 M
2.04 B
240.23 M
1.75 B
146.68 M
596.55 M
485 M
723.68 M
Cash Per Share
3.23
13.47
8.21
10.31
3.5
21.87
6.38
3.98
3.4
2.61
Gross Profit
292.78 M
110.83 M
592.8 M
621.37 M
695.53 M
418.41 M
502.05 M
670.88 M
304.44 M
344.47 M
Day Typical Price
22.43
55.13
42.43
24.15
49.35
45.55
139.83
26.92
25.22
10.2
Accumulation Distribution
2688.39
72828.71
272.67
12713.53
13014.96
857.43
272.44
2462.49
20146.1
24498.0
Market Facilitation Index
0.0
0.0
0.0
0.0
0.0
0.0
1.0E-4
0.0
0.0
0.0
Daily Balance Of Power
0.4286
(0.41)
(0.38)
(0.25)
0.129
0.4444
0.75
(0.17)
1.411765
(0.12)
Period Momentum Indicator
0.15
(1.40)
(0.15)
(0.20)
0.2
0.2
1.5
(0.10)
1.2
(0.05)
Rate Of Daily Change
1.01
0.97
1.0
0.99
1.0
1.0
1.01
1.0
1.05
1.0
Day Median Price
22.43
55.7
42.5
24.2
49.33
45.58
139.5
26.95
25.13
10.2
Price Action Indicator
0.1
(2.40)
(0.28)
(0.25)
0.17
0.025
1.75
(0.15)
0.87
(0.03)
Relative Strength Index
36.6
50.5
58.8
47.7
46.16
43.89
56.69
43.87
54.71
38.16
Coefficient Of Variation
(962.73)
(2,353)
1043.86
3671.91
2004.54
(8,814)
3078.88
(1,526)
3098.15
(1,169)
Mean Deviation
1.35
1.98
0.7201
1.41
1.97
0.6466
0.8311
1.28
1.8
1.31
Jensen Alpha
(0.22)
(0.17)
0.0802
(0)
0.1146
(0.02)
0.0148
(0.12)
0.0848
(0.17)
Total Risk Alpha
(0.31)
(0.31)
0.0254
(0.07)
(0.03)
(0.09)
(0.04)
(0.23)
(0.08)
(0.25)
Sortino Ratio
N/A
N/A
0.0458
8.0E-4
0.0428
N/A
(0.01)
N/A
0.0132
N/A
Downside Variance
N/A
N/A
0.6917
2.51
4.32
N/A
1.77
N/A
6.26
N/A
Standard Deviation
1.84
3.02
0.9508
1.99
2.85
1.09
1.24
1.81
2.66
1.65
Kurtosis
1.83
2.52
1.12
3.72
4.01
16.66
3.78
1.55
2.91
0.2467
Potential Upside
2.42
6.41
1.82
4.03
6.25
0.8949
1.98
3.72
4.96
2.74
Treynor Ratio
(0.46)
(0.19)
4.01
0.0418
0.3266
0.2515
0.0842
0.6452
(0.37)
(0.38)
Maximum Drawdown
8.05
15.07
5.65
9.77
16.2
9.19
8.4
8.63
14.46
6.5
Variance
3.37
9.1
0.904
3.97
8.1
1.2
1.53
3.29
7.09
2.74
Market Risk Adjusted Performance
(0.45)
(0.18)
4.02
0.0518
0.3366
0.2615
0.0942
0.6552
(0.36)
(0.37)
Risk Adjusted Performance
(0.07)
(0.02)
0.0726
0.0263
0.044
(0.01)
0.0279
(0.04)
0.0309
(0.06)
Skewness
(0.47)
1.2
0.24
1.44
1.53
2.61
0.5726
0.9816
0.98
(0.08)
Semi Deviation
N/A
N/A
0.6993
1.48
1.96
N/A
0.9983
N/A
2.32
N/A
Information Ratio
(0.13)
(0.06)
0.0401
6.0E-4
0.0313
(0.06)
(0.01)
(0.09)
0.0124
(0.12)
Value At Risk
(3.08)
(4.01)
(1.23)
(2.48)
(2.77)
(1.41)
(1.85)
(2.88)
(4.12)
(2.63)
Expected Short fall
N/A
N/A
(0.97)
(1.72)
(2.55)
N/A
(1.18)
N/A
(1.89)
N/A
Downside Deviation
N/A
N/A
0.8317
1.58
2.08
N/A
1.33
N/A
2.5
N/A
Semi Variance
N/A
N/A
0.489
2.18
3.83
N/A
0.9967
N/A
5.39
N/A

Shun On Competition Performance Charts

Five steps to successful analysis of Shun On Competition

Shun On's 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 Shun On Electronic in relation to its competition. Shun On's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Shun On 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 Shun On's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Shun On Electronic, 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 Shun On position

In addition to having Shun On 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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Additional Tools for Shun Stock Analysis

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