Taiwan Takisawa Technology Stock Return On Equity
| 6609 Stock | TWD 80.60 3.10 3.70% |
Taiwan Takisawa Technology fundamentals help investors to digest information that contributes to Taiwan Takisawa's financial success or failures. It also enables traders to predict the movement of Taiwan Stock. The fundamental analysis module provides a way to measure Taiwan Takisawa'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 Taiwan Takisawa stock.
Taiwan |
Taiwan Takisawa Technology Company Return On Equity Analysis
Taiwan Takisawa'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 Taiwan Takisawa Return On Equity | 0.15 |
Most of Taiwan Takisawa'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, Taiwan Takisawa Technology 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, Taiwan Takisawa Technology has a Return On Equity of 0.1461. This is 101.21% lower than that of the Technology sector and 101.17% lower than that of the Electronic Components industry. The return on equity for all Taiwan stocks is 147.13% lower than that of the firm.
Taiwan Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Taiwan Takisawa'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 Taiwan Takisawa could also be used in its relative valuation, which is a method of valuing Taiwan Takisawa by comparing valuation metrics of similar companies.Taiwan Takisawa is currently under evaluation in return on equity category among its peers.
Taiwan Fundamentals
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0382 | |||
| Profit Margin | 0.10 % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 2.23 B | |||
| Shares Outstanding | 72.46 M | |||
| Shares Owned By Insiders | 58.34 % | |||
| Price To Book | 0.99 X | |||
| Price To Sales | 0.75 X | |||
| Revenue | 2.94 B | |||
| Gross Profit | 633.69 M | |||
| EBITDA | 308.8 M | |||
| Net Income | 181.53 M | |||
| Total Debt | 356.65 M | |||
| Book Value Per Share | 32.95 X | |||
| Cash Flow From Operations | 466.94 M | |||
| Earnings Per Share | 4.60 X | |||
| Number Of Employees | 12 | |||
| Beta | 0.8 | |||
| Market Capitalization | 2.93 B | |||
| Total Asset | 5.06 B | |||
| Z Score | 4.8 | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 5.06 B | |||
| Last Dividend Paid | 1.5 |
About Taiwan Takisawa Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Taiwan Takisawa Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Taiwan Takisawa using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Taiwan Takisawa Technology 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 Taiwan Takisawa
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 Taiwan Takisawa 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 Taiwan Takisawa will appreciate offsetting losses from the drop in the long position's value.Moving together with Taiwan Stock
Moving against Taiwan Stock
| 0.67 | 3008 | LARGAN Precision | PairCorr |
| 0.62 | 1446 | Hong Ho Precision | PairCorr |
| 0.56 | 1734 | Sinphar Pharmaceutical Split | PairCorr |
| 0.5 | 2438 | Enlight Corp | PairCorr |
| 0.43 | 4109 | Jia Jie Biomedical | PairCorr |
The ability to find closely correlated positions to Taiwan Takisawa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiwan Takisawa 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 Taiwan Takisawa - 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 Taiwan Takisawa Technology to buy it.
The correlation of Taiwan Takisawa 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 Taiwan Takisawa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan Takisawa Tech 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 Taiwan Takisawa 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 Taiwan Stock Analysis
When running Taiwan Takisawa's price analysis, check to measure Taiwan Takisawa'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 Taiwan Takisawa is operating at the current time. Most of Taiwan Takisawa's value examination focuses on studying past and present price action to predict the probability of Taiwan Takisawa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Takisawa's price. Additionally, you may evaluate how the addition of Taiwan Takisawa to your portfolios can decrease your overall portfolio volatility.