Duane Lee - Cowealth Medical Founder CEO
| 4745 Stock | TWD 20.25 0.10 0.50% |
Insider
Duane Lee is Founder CEO of Cowealth Medical Holding
| Phone | 86 40 0678 8855 |
| Web | https://www.cowealthholding.com |
Cowealth Medical Management Efficiency
The company has return on total asset (ROA) of 0.038 % which means that it generated a profit of $0.038 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0572 %, meaning that it generated $0.0572 on every $100 dollars invested by stockholders. Cowealth Medical's management efficiency ratios could be used to measure how well Cowealth Medical manages its routine affairs as well as how well it operates its assets and liabilities.Cowealth Medical Holding has accumulated 52.07 M in total debt with debt to equity ratio (D/E) of 78.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Cowealth Medical Holding has a current ratio of 1.82, which is within standard range for the sector. Debt can assist Cowealth Medical until it has trouble settling it off, either with new capital or with free cash flow. So, Cowealth Medical's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cowealth Medical Holding sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cowealth to invest in growth at high rates of return. When we think about Cowealth Medical's use of debt, we should always consider it together with cash and equity.
Cowealth Medical Holding Co., Ltd. operates as a medical distribution company primarily in the diagnostic clinical laboratory field in Greater China market. Cowealth Medical Holding Co., Ltd. was founded in 1997 and is based in Shanghai, China. COWEALTH MEDICAL operates under Medical Devices classification in Taiwan and is traded on Taiwan OTC Exchange. Cowealth Medical Holding (4745) is traded on Taiwan OTC Exchange in Taiwan and employs 15 people. Management Performance
| Return On Equity | 0.0572 | |||
| Return On Asset | 0.038 |
Cowealth Medical Holding Leadership Team
Elected by the shareholders, the Cowealth Medical's board of directors comprises two types of representatives: Cowealth Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cowealth. The board's role is to monitor Cowealth Medical's management team and ensure that shareholders' interests are well served. Cowealth Medical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cowealth Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
Cowealth Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cowealth Medical a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0572 | |||
| Return On Asset | 0.038 | |||
| Profit Margin | 0.02 % | |||
| Operating Margin | 0.07 % | |||
| Current Valuation | 1.95 B | |||
| Shares Outstanding | 77.45 M | |||
| Shares Owned By Insiders | 45.72 % | |||
| Shares Owned By Institutions | 0.59 % | |||
| Price To Earning | 11.49 X | |||
| Price To Book | 0.66 X |
Pair Trading with Cowealth Medical
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 Cowealth Medical 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 Cowealth Medical will appreciate offsetting losses from the drop in the long position's value.Moving together with Cowealth Stock
| 0.81 | 3218 | Universal Vision Bio | PairCorr |
| 0.68 | 4104 | Excelsior Medical | PairCorr |
| 0.79 | 6762 | Delta Asia International | PairCorr |
Moving against Cowealth Stock
| 0.73 | 6121 | Simplo Technology | PairCorr |
| 0.7 | 3008 | LARGAN Precision | PairCorr |
| 0.6 | 2379 | Realtek Semiconductor | PairCorr |
| 0.59 | 4126 | Pacific Hospital Supply | PairCorr |
| 0.53 | 5269 | Asmedia Technology | PairCorr |
The ability to find closely correlated positions to Cowealth Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cowealth Medical 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 Cowealth Medical - 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 Cowealth Medical Holding to buy it.
The correlation of Cowealth Medical 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 Cowealth Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cowealth Medical Holding 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 Cowealth Medical 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 Cowealth Stock Analysis
When running Cowealth Medical's price analysis, check to measure Cowealth Medical'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 Cowealth Medical is operating at the current time. Most of Cowealth Medical's value examination focuses on studying past and present price action to predict the probability of Cowealth Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cowealth Medical's price. Additionally, you may evaluate how the addition of Cowealth Medical to your portfolios can decrease your overall portfolio volatility.