Chia Yi Steel Stock Return On Equity
| 2067 Stock | TWD 10.95 0.05 0.45% |
Chia Yi Steel fundamentals help investors to digest information that contributes to Chia Yi's financial success or failures. It also enables traders to predict the movement of Chia Stock. The fundamental analysis module provides a way to measure Chia Yi'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 Chia Yi stock.
Chia |
Chia Yi Steel Company Return On Equity Analysis
Chia Yi's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Chia Yi Return On Equity | -0.11 |
Most of Chia Yi's fundamental indicators, such as Return On Equity, 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, Chia Yi Steel is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Chia Yi Steel has a Return On Equity of -0.1053. This is 123.93% lower than that of the Industrials sector and 73.67% lower than that of the Metal Fabrication industry. The return on equity for all Taiwan stocks is 66.03% lower than that of the firm.
Chia Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Chia Yi's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Chia Yi could also be used in its relative valuation, which is a method of valuing Chia Yi by comparing valuation metrics of similar companies.Chia Yi is currently under evaluation in return on equity category among its peers.
Chia Fundamentals
| Return On Equity | -0.11 | |||
| Return On Asset | -0.0281 | |||
| Profit Margin | (0.03) % | |||
| Operating Margin | (0.07) % | |||
| Current Valuation | 1.43 B | |||
| Shares Outstanding | 45.14 M | |||
| Shares Owned By Insiders | 47.99 % | |||
| Price To Book | 1.26 X | |||
| Price To Sales | 0.43 X | |||
| Revenue | 985.47 M | |||
| Gross Profit | 158.57 M | |||
| EBITDA | 59.05 M | |||
| Net Income | (10.85 M) | |||
| Total Debt | 521.98 M | |||
| Book Value Per Share | 8.74 X | |||
| Cash Flow From Operations | 51.21 M | |||
| Earnings Per Share | 0.02 X | |||
| Number Of Employees | 17 | |||
| Beta | 0.17 | |||
| Market Capitalization | 478.46 M | |||
| Total Asset | 1.84 B | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 1.84 B |
About Chia Yi Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Chia Yi Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chia Yi using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chia Yi Steel 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 Chia Yi
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 Chia Yi 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 Chia Yi will appreciate offsetting losses from the drop in the long position's value.Moving against Chia Stock
| 0.39 | 2474 | Catcher Technology | PairCorr |
| 0.38 | 1416 | Kwong Fong Industries | PairCorr |
| 0.38 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.36 | 5356 | Sirtec International | PairCorr |
| 0.35 | 5508 | Yungshin Construction | PairCorr |
The ability to find closely correlated positions to Chia Yi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chia Yi 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 Chia Yi - 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 Chia Yi Steel to buy it.
The correlation of Chia Yi 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 Chia Yi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chia Yi Steel 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 Chia Yi 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 Chia Stock Analysis
When running Chia Yi's price analysis, check to measure Chia Yi'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 Chia Yi is operating at the current time. Most of Chia Yi's value examination focuses on studying past and present price action to predict the probability of Chia Yi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chia Yi's price. Additionally, you may evaluate how the addition of Chia Yi to your portfolios can decrease your overall portfolio volatility.