Cayman Tung Ling Stock Return On Equity
| 2924 Stock | TWD 34.20 1.15 3.48% |
Cayman Tung Ling fundamentals help investors to digest information that contributes to Cayman Tung's financial success or failures. It also enables traders to predict the movement of Cayman Stock. The fundamental analysis module provides a way to measure Cayman Tung'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 Cayman Tung stock.
Cayman |
Cayman Tung Ling Company Return On Equity Analysis
Cayman Tung'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 Cayman Tung Return On Equity | -0.4 |
Most of Cayman Tung'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, Cayman Tung Ling 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.
| Competition |
Based on the latest financial disclosure, Cayman Tung Ling has a Return On Equity of -0.4028. This is 111.19% lower than that of the Consumer Cyclical sector and 105.39% lower than that of the Apparel Stores industry. The return on equity for all Taiwan stocks is 29.94% higher than that of the company.
Cayman Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Cayman Tung'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 Cayman Tung could also be used in its relative valuation, which is a method of valuing Cayman Tung by comparing valuation metrics of similar companies.Cayman Tung is currently under evaluation in return on equity category among its peers.
Cayman Fundamentals
| Return On Equity | -0.4 | |||
| Return On Asset | -0.24 | |||
| Profit Margin | (0.74) % | |||
| Operating Margin | (1.16) % | |||
| Current Valuation | 881.09 M | |||
| Shares Outstanding | 32.81 M | |||
| Shares Owned By Insiders | 84.46 % | |||
| Price To Book | 5.06 X | |||
| Price To Sales | 7.24 X | |||
| Revenue | 272.36 M | |||
| Gross Profit | 91.31 M | |||
| EBITDA | (1.14 M) | |||
| Net Income | (56.38 M) | |||
| Cash And Equivalents | 152.03 M | |||
| Cash Per Share | 4.66 X | |||
| Total Debt | 200.16 M | |||
| Debt To Equity | 48.00 % | |||
| Current Ratio | 1.63 X | |||
| Book Value Per Share | 5.93 X | |||
| Cash Flow From Operations | (36.21 M) | |||
| Earnings Per Share | 0.66 X | |||
| Number Of Employees | 14 | |||
| Beta | 0.0677 | |||
| Market Capitalization | 1.2 B | |||
| Total Asset | 281.24 M | |||
| Z Score | 3.0 | |||
| Net Asset | 281.24 M |
About Cayman Tung Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cayman Tung Ling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cayman Tung using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cayman Tung Ling 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 Cayman Tung
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 Cayman Tung 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 Cayman Tung will appreciate offsetting losses from the drop in the long position's value.Moving together with Cayman Stock
Moving against Cayman Stock
| 0.75 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.74 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.72 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.71 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.6 | 2603 | Evergreen Marine Corp | PairCorr |
The ability to find closely correlated positions to Cayman Tung could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cayman Tung 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 Cayman Tung - 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 Cayman Tung Ling to buy it.
The correlation of Cayman Tung 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 Cayman Tung moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cayman Tung Ling 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 Cayman Tung 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 Cayman Stock Analysis
When running Cayman Tung's price analysis, check to measure Cayman Tung'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 Cayman Tung is operating at the current time. Most of Cayman Tung's value examination focuses on studying past and present price action to predict the probability of Cayman Tung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cayman Tung's price. Additionally, you may evaluate how the addition of Cayman Tung to your portfolios can decrease your overall portfolio volatility.