GlobalWafers Financial Statements From 2010 to 2024
| 6488 Stock | TWD 422.00 8.50 1.97% |
Check GlobalWafers financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GlobalWafers' main balance sheet or income statement drivers, such as , as well as many indicators such as . GlobalWafers financial statements analysis is a perfect complement when working with GlobalWafers Valuation or Volatility modules.
GlobalWafers |
GlobalWafers Co Company Current Valuation Analysis
GlobalWafers' 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 GlobalWafers Current Valuation | 170.33 B |
Most of GlobalWafers' 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, GlobalWafers Co 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, GlobalWafers Co has a Current Valuation of 170.33 B. This is much higher than that of the Semiconductors & Semiconductor Equipment sector and significantly higher than that of the Information Technology industry. The current valuation for all Taiwan stocks is significantly lower than that of the firm.
GlobalWafers Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining GlobalWafers's current stock value. Our valuation model uses many indicators to compare GlobalWafers value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across GlobalWafers competition to find correlations between indicators driving GlobalWafers's intrinsic value. More Info.GlobalWafers Co is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers reporting about 0.41 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for GlobalWafers Co is roughly 2.44 . 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 GlobalWafers' earnings, one of the primary drivers of an investment's value.About GlobalWafers Financial Statements
GlobalWafers investors use historical fundamental indicators, such as GlobalWafers' 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 GlobalWafers. Please read more on our technical analysis and fundamental analysis pages.
GlobalWafers Co., Ltd., together with its subsidiaries, researches, designs, develops, manufactures, and markets semiconductor ingots and wafers in Taiwan, Korea, the United States, Japan, China, Germany, and internationally. GlobalWafers Co., Ltd. was founded in 2011 and is headquartered in Hsinchu, Taiwan. GLOBALWAFERS LTD is traded on Taiwan OTC Exchange in Taiwan.
Pair Trading with GlobalWafers
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 GlobalWafers 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 GlobalWafers will appreciate offsetting losses from the drop in the long position's value.Moving against GlobalWafers Stock
| 0.79 | 2891 | CTBC Financial Holding | PairCorr |
| 0.78 | 2317 | Hon Hai Precision | PairCorr |
| 0.74 | 2883 | China Development | PairCorr |
| 0.71 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.71 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to GlobalWafers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GlobalWafers 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 GlobalWafers - 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 GlobalWafers Co to buy it.
The correlation of GlobalWafers 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 GlobalWafers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GlobalWafers 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 GlobalWafers 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 GlobalWafers Stock Analysis
When running GlobalWafers' price analysis, check to measure GlobalWafers' 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 GlobalWafers is operating at the current time. Most of GlobalWafers' value examination focuses on studying past and present price action to predict the probability of GlobalWafers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GlobalWafers' price. Additionally, you may evaluate how the addition of GlobalWafers to your portfolios can decrease your overall portfolio volatility.