Altek Corp Net Income vs. Current Valuation
| 3059 Stock | TWD 31.00 0.65 2.05% |
For Altek Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Altek Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Altek Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Altek Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Altek Corp over time as well as its relative position and ranking within its peers.
Altek |
Altek Corp Current Valuation vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Altek Corp's current stock value. Our valuation model uses many indicators to compare Altek Corp value to that of its competitors to determine the firm's financial worth. Altek Corp is rated second in net income category among its peers. It is the top company in current valuation category among its peers reporting about 32.98 of Current Valuation per Net Income. 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 Altek Corp's earnings, one of the primary drivers of an investment's value.Altek Current Valuation vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Altek Corp |
| = | 224.73 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Altek Corp |
| = | 7.41 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Altek Current Valuation vs Competition
Altek Corp is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Consumer Discretionary industry is presently estimated at about 42.36 Billion. Altek Corp retains roughly 7.41 Billion in current valuation claiming about 18% of stocks in Consumer Discretionary industry.
Altek Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Altek Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Altek Corp will eventually generate negative long term returns. The profitability progress is the general direction of Altek Corp's change in net profit over the period of time. It can combine multiple indicators of Altek Corp, 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.
Altek Corporation engages in the development, manufacture, and sale of digital image technology application products. Altek Corporation was founded in 1996 and is headquartered in Hsinchu, Taiwan. ALTEK CORP is traded on Taiwan Stock Exchange in Taiwan.
Altek Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Altek Corp. 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 Altek Corp 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 Altek Corp's important profitability drivers and their relationship over time.
Use Altek Corp 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 Altek Corp 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 Altek Corp will appreciate offsetting losses from the drop in the long position's value.Altek Corp Pair Trading
Altek Corp Pair Trading Analysis
The ability to find closely correlated positions to Altek Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altek Corp 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 Altek Corp - 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 Altek Corp to buy it.
The correlation of Altek Corp 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 Altek Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altek 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 Altek Corp 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 Altek Corp position
In addition to having Altek Corp 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 Soft Drinks Thematic Idea Now
Soft Drinks
Entities manufacturing and distributing non alcoholic beverages across different markets. The Soft Drinks theme has 48 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 Soft Drinks Theme or any other thematic opportunities.
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Additional Tools for Altek Stock Analysis
When running Altek Corp's price analysis, check to measure Altek Corp'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 Altek Corp is operating at the current time. Most of Altek Corp's value examination focuses on studying past and present price action to predict the probability of Altek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altek Corp's price. Additionally, you may evaluate how the addition of Altek Corp to your portfolios can decrease your overall portfolio volatility.