Sun Sea Construction Stock Beneish M Score
| 5516 Stock | TWD 18.00 0.50 2.86% |
Sun |
At this time, Sun Sea's M Score is inapplicable. The earnings manipulation may begin if Sun Sea's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Sun Sea executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Sun Sea's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Sun Sea Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sun Sea Construction's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sun Sea using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sun Sea Construction 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 Sun Sea
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 Sun Sea 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 Sun Sea will appreciate offsetting losses from the drop in the long position's value.Moving together with Sun Stock
| 0.82 | 9933 | CTCI Corp | PairCorr |
| 0.8 | 3703 | Continental Holdings Corp | PairCorr |
| 0.62 | 2597 | Ruentex Engineering | PairCorr |
Moving against Sun Stock
| 0.83 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.81 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.79 | 1432 | Trk Corp | PairCorr |
| 0.77 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.69 | 2603 | Evergreen Marine Corp | PairCorr |
The ability to find closely correlated positions to Sun Sea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Sea 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 Sun Sea - 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 Sun Sea Construction to buy it.
The correlation of Sun Sea 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 Sun Sea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sun Sea Construction 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 Sun Sea 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 Sun Stock Analysis
When running Sun Sea's price analysis, check to measure Sun Sea'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 Sun Sea is operating at the current time. Most of Sun Sea's value examination focuses on studying past and present price action to predict the probability of Sun Sea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Sea's price. Additionally, you may evaluate how the addition of Sun Sea to your portfolios can decrease your overall portfolio volatility.