Asia Metal Industries Stock Return On Equity
| 6727 Stock | 91.00 2.70 3.06% |
Asia Metal Industries fundamentals help investors to digest information that contributes to Asia Metal's financial success or failures. It also enables traders to predict the movement of Asia Stock. The fundamental analysis module provides a way to measure Asia Metal'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 Asia Metal stock.
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Asia Metal Industries Company Return On Equity Analysis
Asia Metal'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 Asia Metal Return On Equity | 0.25 |
Most of Asia Metal'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, Asia Metal Industries 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, Asia Metal Industries has a Return On Equity of 0.2455. This is 44.2% lower than that of the Industrials sector and significantly higher than that of the Specialty Industrial Machinery industry. The return on equity for all Taiwan stocks is 179.19% lower than that of the firm.
Asia Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Asia Metal'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 Asia Metal could also be used in its relative valuation, which is a method of valuing Asia Metal by comparing valuation metrics of similar companies.Asia Metal is currently under evaluation in return on equity category among its peers.
Asia Fundamentals
| Return On Equity | 0.25 | |||
| Return On Asset | 0.0206 | |||
| Profit Margin | 0.16 % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 1.17 B | |||
| Shares Outstanding | 22.64 M | |||
| Shares Owned By Insiders | 25.17 % | |||
| Shares Owned By Institutions | 2.20 % | |||
| Price To Book | 1.63 X | |||
| Price To Sales | 1.17 X | |||
| Revenue | 1.25 B | |||
| Gross Profit | 286.69 M | |||
| EBITDA | 165.62 M | |||
| Net Income | 121.17 M | |||
| Total Debt | 319.27 M | |||
| Book Value Per Share | 41.69 X | |||
| Cash Flow From Operations | 773.69 M | |||
| Earnings Per Share | 7.63 X | |||
| Beta | 0.2 | |||
| Market Capitalization | 1.59 B | |||
| Total Asset | 3.5 B | |||
| Z Score | 2.4 | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 3.5 B | |||
| Last Dividend Paid | 3.0 |
About Asia Metal Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Asia Metal Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Asia Metal using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Asia Metal Industries 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 Asia Metal
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 Asia Metal 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 Asia Metal will appreciate offsetting losses from the drop in the long position's value.Moving together with Asia Stock
Moving against Asia Stock
The ability to find closely correlated positions to Asia Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Metal 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 Asia Metal - 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 Asia Metal Industries to buy it.
The correlation of Asia Metal 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 Asia Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Metal Industries 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 Asia Metal 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 Asia Stock Analysis
When running Asia Metal's price analysis, check to measure Asia Metal'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 Asia Metal is operating at the current time. Most of Asia Metal's value examination focuses on studying past and present price action to predict the probability of Asia Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Metal's price. Additionally, you may evaluate how the addition of Asia Metal to your portfolios can decrease your overall portfolio volatility.