Sinopac Securities Financial Statements From 2010 to 2024
| 00886 Etf | TWD 36.03 0.17 0.47% |
Check Sinopac Securities financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sinopac Securities' main balance sheet or income statement drivers, such as , as well as many indicators such as . Sinopac financial statements analysis is a perfect complement when working with Sinopac Securities Valuation or Volatility modules.
Sinopac |
Sinopac Securities Corp ETF Net Asset Analysis
Sinopac Securities' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Sinopac Securities Net Asset | 628.27 M |
Most of Sinopac Securities' fundamental indicators, such as Net Asset, 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, Sinopac Securities Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Based on the recorded statements, Sinopac Securities Corp has a Net Asset of 628.27 M. This is much higher than that of the SinoPac Securities Inv Trust Co., Ltd family and significantly higher than that of the Net Asset category. The net asset for all Taiwan etfs is notably lower than that of the firm.
About Sinopac Securities Financial Statements
Sinopac Securities shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Sinopac Securities investors may analyze each financial statement separately, they are all interrelated. The changes in Sinopac Securities' assets and liabilities, for example, are also reflected in the revenues and expenses on on Sinopac Securities' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
SINOPAC SECS is traded on Taiwan OTC Exchange in Taiwan.
Pair Trading with Sinopac Securities
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 Sinopac Securities 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 Sinopac Securities will appreciate offsetting losses from the drop in the long position's value.Moving together with Sinopac Etf
Moving against Sinopac Etf
| 0.96 | 00648R | Yuanta Daily SP | PairCorr |
| 0.93 | 00669R | Cathay DJIA Inv | PairCorr |
| 0.76 | 00711B | Fuh Hwa Emerging | PairCorr |
| 0.72 | 00632R | Yuanta Daily Taiwan | PairCorr |
| 0.71 | 00686R | Capital Taiex Daily | PairCorr |
The ability to find closely correlated positions to Sinopac Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sinopac Securities 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 Sinopac Securities - 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 Sinopac Securities Corp to buy it.
The correlation of Sinopac Securities 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 Sinopac Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sinopac Securities Corp 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 Sinopac Securities 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.Other Information on Investing in Sinopac Etf
Sinopac Securities financial ratios help investors to determine whether Sinopac Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sinopac with respect to the benefits of owning Sinopac Securities security.