Mirle Automation Profit Margin vs. Cash Per Share
| 2464 Stock | TWD 74.50 2.30 2.99% |
For Mirle Automation profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mirle Automation to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mirle Automation Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mirle Automation's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mirle Automation Corp over time as well as its relative position and ranking within its peers.
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Mirle Automation Corp Cash Per Share vs. Profit Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mirle Automation's current stock value. Our valuation model uses many indicators to compare Mirle Automation value to that of its competitors to determine the firm's financial worth. Mirle Automation Corp is number one stock in profit margin category among its peers. It also is number one stock in cash per share category among its peers fabricating about 296.38 of Cash Per Share per Profit Margin. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mirle Automation's earnings, one of the primary drivers of an investment's value.Mirle Cash Per Share vs. Profit Margin
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
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| = | 0.06 % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
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| = | 16.39 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Mirle Cash Per Share Comparison
Mirle Automation is currently under evaluation in cash per share category among its peers.
Mirle Automation Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mirle Automation, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mirle Automation will eventually generate negative long term returns. The profitability progress is the general direction of Mirle Automation's change in net profit over the period of time. It can combine multiple indicators of Mirle Automation, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Mirle Automation Corporation manufactures and sells automation system integrators and related products. Mirle Automation Corporation was founded in 1989 and is headquartered in Hsinchu, Taiwan. MIRLE AUTOMATION operates under Consumer Electronics classification in Taiwan and is traded on Taiwan Stock Exchange.
Mirle Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Mirle Automation. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Mirle Automation position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Mirle Automation's important profitability drivers and their relationship over time.
Use Mirle Automation in pair-trading
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 Mirle Automation 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 Mirle Automation will appreciate offsetting losses from the drop in the long position's value.Mirle Automation Pair Trading
Mirle Automation Corp Pair Trading Analysis
The ability to find closely correlated positions to Mirle Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirle Automation 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 Mirle Automation - 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 Mirle Automation Corp to buy it.
The correlation of Mirle Automation 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 Mirle Automation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirle Automation Corp 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 Mirle Automation 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.Use Investing Themes to Complement your Mirle Automation position
In addition to having Mirle Automation in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Pharmaceutical Products Thematic Idea Now
Pharmaceutical Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Pharmaceutical Products theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Pharmaceutical Products Theme or any other thematic opportunities.
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Additional Tools for Mirle Stock Analysis
When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.