New Financial Statements From 2010 to 2024
| 4909 Stock | TWD 122.00 7.50 6.55% |
Check New Era financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Era'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 Era Valuation or Volatility modules.
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New Era Electronics Company Current Valuation Analysis
New Era'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 Era Current Valuation | (311.23 M) |
Most of New Era'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 Era 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 Era Electronics has a Current Valuation of (311.23 Million). This is 101.61% lower than that of the Technology sector and 113.98% lower than that of the Contract Manufacturers industry. The current valuation for all Taiwan stocks is 101.87% higher than that of the company.
New Era Electronics Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Era's current stock value. Our valuation model uses many indicators to compare New Era value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Era competition to find correlations between indicators driving New Era's intrinsic value. More Info.New Era 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 . 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 Era's earnings, one of the primary drivers of an investment's value.About New Era Financial Statements
New Era investors use historical fundamental indicators, such as New Era'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 Era. Please read more on our technical analysis and fundamental analysis pages.
New Era Electronics Co., Ltd engages in the design, manufacture, and sale of printed circuit boards in Taiwan and internationally. The company was founded in 1984 and is based in Taoyuan, Taiwan. NEW ERA operates under Contract Manufacturers classification in Taiwan and is traded on Taiwan OTC Exchange.
Pair Trading with New Era
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 Era 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 Era will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
Moving against New Stock
| 0.52 | 2328 | Pan International | PairCorr |
| 0.5 | 3037 | Unimicron Technology Corp | PairCorr |
| 0.42 | 2891B | CTBC Financial Holding | PairCorr |
| 0.35 | 6213 | ITEQ Corp | PairCorr |
| 0.33 | 2891 | CTBC Financial Holding | PairCorr |
The ability to find closely correlated positions to New Era 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 Era 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 Era - 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 Era Electronics to buy it.
The correlation of New Era 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 Era moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Era 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 Era 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 Era's price analysis, check to measure New Era'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 Era is operating at the current time. Most of New Era's value examination focuses on studying past and present price action to predict the probability of New Era'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 Era's price. Additionally, you may evaluate how the addition of New Era to your portfolios can decrease your overall portfolio volatility.