Solar Applied Materials Stock Current Asset
| 1785 Stock | TWD 60.70 0.70 1.17% |
Solar Applied Materials fundamentals help investors to digest information that contributes to Solar Applied's financial success or failures. It also enables traders to predict the movement of Solar Stock. The fundamental analysis module provides a way to measure Solar Applied's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Solar Applied stock.
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Solar Applied Materials Company Current Asset Analysis
Solar Applied's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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In accordance with the recently published financial statements, Solar Applied Materials has a Current Asset of 0.0. This is 100.0% lower than that of the Industrials sector and 100.0% lower than that of the Metal Fabrication industry. The current asset for all Taiwan stocks is 100.0% higher than that of the company.
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Solar Fundamentals
| Return On Equity | 0.13 | |||
| Return On Asset | 0.0434 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.06 % | |||
| Current Valuation | 25.78 B | |||
| Shares Outstanding | 597.14 M | |||
| Shares Owned By Insiders | 24.13 % | |||
| Shares Owned By Institutions | 6.28 % | |||
| Price To Book | 1.56 X | |||
| Price To Sales | 0.68 X | |||
| Revenue | 31.35 B | |||
| Gross Profit | 3.61 B | |||
| EBITDA | 2.27 B | |||
| Net Income | 1.26 B | |||
| Total Debt | 8.44 B | |||
| Book Value Per Share | 21.21 X | |||
| Cash Flow From Operations | 543.32 M | |||
| Earnings Per Share | 2.65 X | |||
| Target Price | 43.5 | |||
| Number Of Employees | 15 | |||
| Beta | 1.47 | |||
| Market Capitalization | 22.15 B | |||
| Total Asset | 25.42 B | |||
| Z Score | 2.2 | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 25.42 B | |||
| Last Dividend Paid | 1.5 |
About Solar Applied Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Solar Applied Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Solar Applied using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Solar Applied Materials based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Solar Applied
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 Solar Applied 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 Solar Applied will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Solar Applied could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solar Applied 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 Solar Applied - 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 Solar Applied Materials to buy it.
The correlation of Solar Applied 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 Solar Applied moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solar Applied Materials 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 Solar Applied 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 Solar Stock Analysis
When running Solar Applied's price analysis, check to measure Solar Applied'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 Solar Applied is operating at the current time. Most of Solar Applied's value examination focuses on studying past and present price action to predict the probability of Solar Applied's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solar Applied's price. Additionally, you may evaluate how the addition of Solar Applied to your portfolios can decrease your overall portfolio volatility.