Shin Kong Current Ratio vs. Debt To Equity
| 2888A Stock | TWD 35.65 0.05 0.14% |
For Shin Kong profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shin Kong to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shin Kong Financial utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shin Kong's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shin Kong Financial over time as well as its relative position and ranking within its peers.
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Shin Kong Financial Debt To Equity vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shin Kong's current stock value. Our valuation model uses many indicators to compare Shin Kong value to that of its competitors to determine the firm's financial worth. Shin Kong Financial is number one stock in current ratio category among its peers. It also is number one stock in debt to equity category among its peers fabricating about 0.18 of Debt To Equity per Current Ratio. The ratio of Current Ratio to Debt To Equity for Shin Kong Financial is roughly 5.56 . 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 Shin Kong's earnings, one of the primary drivers of an investment's value.Shin Debt To Equity vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Shin Kong |
| = | 3.00 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Shin Kong |
| = | 0.54 % |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
Shin Debt To Equity Comparison
Shin Kong is currently under evaluation in debt to equity category among its peers.
Shin Kong Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Shin Kong, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Shin Kong will eventually generate negative long term returns. The profitability progress is the general direction of Shin Kong's change in net profit over the period of time. It can combine multiple indicators of Shin Kong, 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.
Shin Kong Financial Holding Co., Ltd., through its subsidiaries, provides a range of financial products and services in Taipei and internationally. Shin Kong Financial Holding Co., Ltd. was founded in 2002 and is headquartered in Taipei City, Taiwan. SHIN KONG operates under InsuranceLife classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 17255 people.
Shin Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shin Kong. 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 Shin Kong 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 Shin Kong's important profitability drivers and their relationship over time.
Use Shin Kong 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 Shin Kong 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 Shin Kong will appreciate offsetting losses from the drop in the long position's value.Shin Kong Pair Trading
Shin Kong Financial Pair Trading Analysis
The ability to find closely correlated positions to Shin Kong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shin Kong 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 Shin Kong - 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 Shin Kong Financial to buy it.
The correlation of Shin Kong 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 Shin Kong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shin Kong Financial 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 Shin Kong 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 Shin Kong position
In addition to having Shin Kong 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?
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Additional Tools for Shin Stock Analysis
When running Shin Kong's price analysis, check to measure Shin Kong'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 Shin Kong is operating at the current time. Most of Shin Kong's value examination focuses on studying past and present price action to predict the probability of Shin Kong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Kong's price. Additionally, you may evaluate how the addition of Shin Kong to your portfolios can decrease your overall portfolio volatility.