Etron Technology Shares Outstanding vs. Return On Asset
| 5351 Stock | TWD 34.35 0.65 1.93% |
For Etron Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Etron Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Etron Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Etron Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Etron Technology over time as well as its relative position and ranking within its peers.
Etron |
Etron Technology Return On Asset vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Etron Technology's current stock value. Our valuation model uses many indicators to compare Etron Technology value to that of its competitors to determine the firm's financial worth. Etron Technology is number one stock in shares outstanding category among its peers. It also is number one stock in return on asset category among its peers . The ratio of Shares Outstanding to Return On Asset for Etron Technology is about 4,456,107,002 . 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 Etron Technology's earnings, one of the primary drivers of an investment's value.Etron Return On Asset vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Etron Technology |
| = | 283.85 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.
Etron Technology |
| = | 0.0637 |
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.
Etron Return On Asset Comparison
Etron Technology is currently under evaluation in return on asset category among its peers.
Etron Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Etron Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Etron Technology will eventually generate negative long term returns. The profitability progress is the general direction of Etron Technology's change in net profit over the period of time. It can combine multiple indicators of Etron 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.
Etron Technology, Inc. develops buffer memory and system-on-chips in the United States, Europe, Japan, and Asian countries. Etron Technology, Inc. was founded in 1991 and is headquartered in Hsinchu, Taiwan. ETRON TECHNOLOGY operates under Semiconductor Equipment Materials classification in Taiwan and is traded on Taiwan OTC Exchange.
Etron Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Etron 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 Etron 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 Etron Technology's important profitability drivers and their relationship over time.
Use Etron 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 Etron 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 Etron Technology will appreciate offsetting losses from the drop in the long position's value.Etron Technology Pair Trading
Etron Technology Pair Trading Analysis
The ability to find closely correlated positions to Etron 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 Etron 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 Etron 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 Etron Technology to buy it.
The correlation of Etron 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 Etron Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etron 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 Etron 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 Etron Technology position
In addition to having Etron 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?
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Additional Tools for Etron Stock Analysis
When running Etron Technology's price analysis, check to measure Etron 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 Etron Technology is operating at the current time. Most of Etron Technology's value examination focuses on studying past and present price action to predict the probability of Etron 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 Etron Technology's price. Additionally, you may evaluate how the addition of Etron Technology to your portfolios can decrease your overall portfolio volatility.