New Financial Statements From 2010 to 2024
| 3465 Stock | TWD 53.50 1.50 2.88% |
Check New Advanced financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Advanced's main balance sheet or income statement drivers, such as , as well as many indicators such as . New financial statements analysis is a perfect complement when working with New Advanced Valuation or Volatility modules.
New |
New Advanced Electronics Company Current Valuation Analysis
New Advanced'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 New Advanced Current Valuation | 3.04 B |
Most of New Advanced'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, New Advanced Electronics 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, New Advanced Electronics has a Current Valuation of 3.04 B. This is 84.28% lower than that of the Technology sector and 8.25% lower than that of the Electronic Components industry. The current valuation for all Taiwan stocks is 81.74% higher than that of the company.
New Advanced Electronics Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Advanced's current stock value. Our valuation model uses many indicators to compare New Advanced value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Advanced competition to find correlations between indicators driving New Advanced's intrinsic value. More Info.New Advanced Electronics 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 0.24 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for New Advanced Electronics is roughly 4.19 . 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 New Advanced's earnings, one of the primary drivers of an investment's value.About New Advanced Financial Statements
New Advanced investors use historical fundamental indicators, such as New Advanced'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 New Advanced. Please read more on our technical analysis and fundamental analysis pages.
New Advanced Electronics Technologies Co., Ltd. researches and develops, manufactures, and sells portable power supplies and related power supply products in Taiwan and internationally. New Advanced Electronics Technologies Co., Ltd. was founded in 1993 and is headquartered in Taipei City, Taiwan. NEW ADVANCED is traded on Taiwan OTC Exchange in Taiwan.
Pair Trading with New Advanced
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 New Advanced 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 New Advanced will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
Moving against New Stock
| 0.93 | 2610 | China Airlines | PairCorr |
| 0.83 | 2345 | Accton Technology Corp | PairCorr |
| 0.71 | 3533 | Lotes | PairCorr |
| 0.7 | 2360 | Chroma ATE | PairCorr |
| 0.66 | 2317 | Hon Hai Precision | PairCorr |
The ability to find closely correlated positions to New Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Advanced 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 New Advanced - 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 New Advanced Electronics to buy it.
The correlation of New Advanced 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 New Advanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Advanced Electronics 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 New Advanced 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 New Stock Analysis
When running New Advanced's price analysis, check to measure New Advanced'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 New Advanced is operating at the current time. Most of New Advanced's value examination focuses on studying past and present price action to predict the probability of New Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Advanced's price. Additionally, you may evaluate how the addition of New Advanced to your portfolios can decrease your overall portfolio volatility.