Optimax Technology Price To Sales vs. Return On Asset
| 3051 Stock | TWD 34.65 1.35 4.05% |
For Optimax Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Optimax Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Optimax Technology Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Optimax Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Optimax Technology Corp over time as well as its relative position and ranking within its peers.
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Optimax Technology Corp Return On Asset vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Optimax Technology's current stock value. Our valuation model uses many indicators to compare Optimax Technology value to that of its competitors to determine the firm's financial worth. Optimax Technology Corp is rated fourth in price to sales category among its peers. It is rated third in return on asset category among its peers reporting about 0.04 of Return On Asset per Price To Sales. The ratio of Price To Sales to Return On Asset for Optimax Technology Corp is roughly 22.85 . 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 Optimax Technology's earnings, one of the primary drivers of an investment's value.Optimax Return On Asset vs. Price To Sales
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
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The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
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.
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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.
Optimax Return On Asset Comparison
Optimax Technology is currently under evaluation in return on asset category among its peers.
Optimax Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Optimax Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Optimax Technology will eventually generate negative long term returns. The profitability progress is the general direction of Optimax Technology's change in net profit over the period of time. It can combine multiple indicators of Optimax Technology, 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.
Optimax Technology Corporation manufactures and sells polarizers for liquid crystal display manufacturers. The company was founded in 1987 and is based in Taoyuan, Taiwan. OPTIMAX TECHNOLOGY is traded on Taiwan Stock Exchange in Taiwan.
Optimax Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Optimax Technology. 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 Optimax Technology 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 Optimax Technology's important profitability drivers and their relationship over time.
Use Optimax Technology 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 Optimax Technology 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 Optimax Technology will appreciate offsetting losses from the drop in the long position's value.Optimax Technology Pair Trading
Optimax Technology Corp Pair Trading Analysis
The ability to find closely correlated positions to Optimax Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Optimax Technology 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 Optimax Technology - 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 Optimax Technology Corp to buy it.
The correlation of Optimax Technology 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 Optimax Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Optimax Technology 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 Optimax Technology 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 Optimax Technology position
In addition to having Optimax Technology 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 Rentals Thematic Idea Now
Rentals
Companies providing rental and leasing services to public and business. The Rentals theme has 37 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 Rentals Theme or any other thematic opportunities.
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Additional Tools for Optimax Stock Analysis
When running Optimax Technology's price analysis, check to measure Optimax Technology'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 Optimax Technology is operating at the current time. Most of Optimax Technology's value examination focuses on studying past and present price action to predict the probability of Optimax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optimax Technology's price. Additionally, you may evaluate how the addition of Optimax Technology to your portfolios can decrease your overall portfolio volatility.