Brighten Optix Stock Return On Asset
| 6747 Stock | TWD 135.50 2.00 1.50% |
Brighten Optix fundamentals help investors to digest information that contributes to Brighten Optix's financial success or failures. It also enables traders to predict the movement of Brighten Stock. The fundamental analysis module provides a way to measure Brighten Optix'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 Brighten Optix stock.
Brighten |
Brighten Optix Company Return On Asset Analysis
Brighten Optix's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Brighten Optix Return On Asset | 0.12 |
Most of Brighten Optix's fundamental indicators, such as Return On Asset, 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, Brighten Optix is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, Brighten Optix has a Return On Asset of 0.1225. This is 101.4% lower than that of the Healthcare sector and 100.68% lower than that of the Medical Devices industry. The return on asset for all Taiwan stocks is 187.5% lower than that of the firm.
Brighten Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Brighten Optix's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Brighten Optix could also be used in its relative valuation, which is a method of valuing Brighten Optix by comparing valuation metrics of similar companies.Brighten Optix is number one stock in return on asset category among its peers.
Brighten Fundamentals
| Return On Equity | 0.22 | |||
| Return On Asset | 0.12 | |||
| Profit Margin | 0.35 % | |||
| Operating Margin | 0.35 % | |||
| Current Valuation | 4.19 B | |||
| Shares Outstanding | 24.19 M | |||
| Shares Owned By Insiders | 68.30 % | |||
| Shares Owned By Institutions | 9.92 % | |||
| Price To Earning | 55.71 X | |||
| Price To Book | 3.86 X | |||
| Price To Sales | 6.31 X | |||
| Revenue | 644.64 M | |||
| Gross Profit | 429.04 M | |||
| EBITDA | 338.34 M | |||
| Net Income | 241.18 M | |||
| Cash And Equivalents | 681.19 M | |||
| Cash Per Share | 28.16 X | |||
| Total Debt | 15.15 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 4.80 X | |||
| Book Value Per Share | 50.35 X | |||
| Cash Flow From Operations | 204.74 M | |||
| Earnings Per Share | 10.85 X | |||
| Target Price | 255.0 | |||
| Beta | 0.37 | |||
| Market Capitalization | 5.27 B | |||
| Total Asset | 1.38 B | |||
| Annual Yield | 0.04 % | |||
| Net Asset | 1.38 B | |||
| Last Dividend Paid | 8.68 |
About Brighten Optix Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Brighten Optix's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Brighten Optix using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Brighten Optix 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 Brighten Optix
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 Brighten Optix 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 Brighten Optix will appreciate offsetting losses from the drop in the long position's value.Moving together with Brighten Stock
| 0.76 | 3218 | Universal Vision Bio | PairCorr |
| 0.69 | 4104 | Excelsior Medical | PairCorr |
| 0.85 | 6762 | Delta Asia International | PairCorr |
Moving against Brighten Stock
| 0.77 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.6 | 2357 | Asustek Computer | PairCorr |
| 0.47 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.42 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.41 | 4129 | United Orthopedic | PairCorr |
The ability to find closely correlated positions to Brighten Optix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brighten Optix 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 Brighten Optix - 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 Brighten Optix to buy it.
The correlation of Brighten Optix 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 Brighten Optix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brighten Optix 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 Brighten Optix 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 Brighten Stock Analysis
When running Brighten Optix's price analysis, check to measure Brighten Optix'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 Brighten Optix is operating at the current time. Most of Brighten Optix's value examination focuses on studying past and present price action to predict the probability of Brighten Optix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brighten Optix's price. Additionally, you may evaluate how the addition of Brighten Optix to your portfolios can decrease your overall portfolio volatility.