Leatec Fine Ceramics Stock Beneish M Score
| 6127 Stock | TWD 28.90 0.60 2.12% |
Leatec |
At this time, Leatec Fine's M Score is inapplicable. The earnings manipulation may begin if Leatec Fine'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 Leatec Fine 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 Leatec Fine'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
Did you try this?
Run Equity Valuation Now
Equity ValuationCheck real value of public entities based on technical and fundamental data |
| All Next | Launch Module |
About Leatec Fine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Leatec Fine Ceramics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Leatec Fine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Leatec Fine Ceramics 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 Leatec Fine
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 Leatec Fine 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 Leatec Fine will appreciate offsetting losses from the drop in the long position's value.Moving together with Leatec Stock
Moving against Leatec Stock
| 0.53 | 2888 | Shin Kong Financial Earnings Call This Week | PairCorr |
| 0.44 | 2891C | CTBC Financial Holding | PairCorr |
| 0.42 | 6488 | GlobalWafers | PairCorr |
| 0.36 | 2303 | United Microelectronics | PairCorr |
| 0.36 | 5347 | Vanguard International | PairCorr |
The ability to find closely correlated positions to Leatec Fine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leatec Fine 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 Leatec Fine - 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 Leatec Fine Ceramics to buy it.
The correlation of Leatec Fine 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 Leatec Fine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leatec Fine Ceramics 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 Leatec Fine 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 Leatec Stock Analysis
When running Leatec Fine's price analysis, check to measure Leatec Fine'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 Leatec Fine is operating at the current time. Most of Leatec Fine's value examination focuses on studying past and present price action to predict the probability of Leatec Fine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leatec Fine's price. Additionally, you may evaluate how the addition of Leatec Fine to your portfolios can decrease your overall portfolio volatility.