Hong Yi Fiber Ind Full Year 2023 Earnings EPS NT0. - Simply Wall St
| 1452 Stock | TWD 16.00 0.15 0.95% |
Slightly above 51% of Hong Yi's investor base is interested to short. The analysis of current outlook of investing in Hong Yi Fiber suggests that many traders are impartial regarding Hong Yi's prospects. Hong Yi's investing sentiment can be driven by a variety of factors including economic data, Hong Yi's earnings reports, geopolitical events, and overall market trends.
Hong Yi stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Hong daily returns and investor perception about the current price of Hong Yi Fiber as well as its diversification or hedging effects on your existing portfolios.
Hong |
Hong Yi Fiber Ind Full Year 2023 Earnings EPS NT0. Simply Wall St
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Hong Yi Fundamental Analysis
We analyze Hong Yi's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hong Yi using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hong Yi 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.
Beta
Beta Comparative Analysis
Hong Yi is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Hong Yi Fiber Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hong Yi stock to make a market-neutral strategy. Peer analysis of Hong Yi could also be used in its relative valuation, which is a method of valuing Hong Yi by comparing valuation metrics with similar companies.
Peers
Hong Yi Related Equities
| 1459 | Lan Fa | 1.33 | ||||
| 1457 | Yi Jinn | 0.77 | ||||
| 1440 | Tainan Spinning | 0.33 | ||||
| 1455 | Zig Sheng | 0.10 | ||||
| 1460 | Everest Textile | 0.70 |
Additional Tools for Hong Stock Analysis
When running Hong Yi's price analysis, check to measure Hong Yi'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 Hong Yi is operating at the current time. Most of Hong Yi's value examination focuses on studying past and present price action to predict the probability of Hong Yi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Yi's price. Additionally, you may evaluate how the addition of Hong Yi to your portfolios can decrease your overall portfolio volatility.