Grand Plastic Current Valuation vs. Return On Equity
| 3131 Stock | TWD 1,575 70.00 4.26% |
For Grand Plastic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Grand Plastic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Grand Plastic Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Grand Plastic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Grand Plastic Technology over time as well as its relative position and ranking within its peers.
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Grand Plastic Technology Return On Equity vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Grand Plastic's current stock value. Our valuation model uses many indicators to compare Grand Plastic value to that of its competitors to determine the firm's financial worth. Grand Plastic Technology is the top company in current valuation category among its peers. It also is number one stock in return on equity category among its peers . The ratio of Current Valuation to Return On Equity for Grand Plastic Technology is about 20,308,905,547 . 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 Grand Plastic's earnings, one of the primary drivers of an investment's value.Grand Current Valuation vs. Competition
Grand Plastic Technology is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Semiconductor Equipment & Materials industry is presently estimated at about 170.23 Billion. Grand Plastic holds roughly 5.42 Billion in current valuation claiming about 3% of equities listed under Semiconductor Equipment & Materials industry.
Grand Return On Equity vs. Current Valuation
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.
Grand Plastic |
| = | 5.42 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.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Grand Plastic |
| = | 0.27 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Grand Return On Equity Comparison
Grand Plastic is currently under evaluation in return on equity category among its peers.
Grand Plastic Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Grand Plastic, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Grand Plastic will eventually generate negative long term returns. The profitability progress is the general direction of Grand Plastic's change in net profit over the period of time. It can combine multiple indicators of Grand Plastic, 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.
Grand Plastic Technology Corporation engages in the design, development, system customization, assembly, testing, product initialization, and after-sales service of metal etching and wafer cleaning equipment in Taiwan. The company was founded in 1993 and is based in Hsinchu City, Taiwan. GRAND PLASTIC operates under Semiconductor Equipment Materials classification in Taiwan and is traded on Taiwan OTC Exchange.
Grand Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Grand Plastic. 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 Grand Plastic 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 Grand Plastic's important profitability drivers and their relationship over time.
Use Grand Plastic 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 Grand Plastic 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 Grand Plastic will appreciate offsetting losses from the drop in the long position's value.Grand Plastic Pair Trading
Grand Plastic Technology Pair Trading Analysis
The ability to find closely correlated positions to Grand Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grand Plastic 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 Grand Plastic - 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 Grand Plastic Technology to buy it.
The correlation of Grand Plastic 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 Grand Plastic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grand Plastic Technology 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 Grand Plastic 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 Grand Plastic position
In addition to having Grand Plastic 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 Aircraft Thematic Idea Now
Aircraft
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Aircraft theme has 45 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 Aircraft Theme or any other thematic opportunities.
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Additional Tools for Grand Stock Analysis
When running Grand Plastic's price analysis, check to measure Grand Plastic'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 Grand Plastic is operating at the current time. Most of Grand Plastic's value examination focuses on studying past and present price action to predict the probability of Grand Plastic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grand Plastic's price. Additionally, you may evaluate how the addition of Grand Plastic to your portfolios can decrease your overall portfolio volatility.