Shanghai Newtouch Total Debt vs. Working Capital
| 688590 Stock | 14.42 0.40 2.85% |
For Shanghai Newtouch profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Shanghai Newtouch to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Shanghai Newtouch Software utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Shanghai Newtouch's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Shanghai Newtouch Software over time as well as its relative position and ranking within its peers.
Shanghai |
Shanghai Newtouch Working Capital vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Shanghai Newtouch's current stock value. Our valuation model uses many indicators to compare Shanghai Newtouch value to that of its competitors to determine the firm's financial worth. Shanghai Newtouch Software is the top company in total debt category among its peers. It also is number one stock in working capital category among its peers reporting about 2.21 of Working Capital per Total Debt. Comparative valuation analysis is a catch-all model that can be used if you cannot value Shanghai Newtouch by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Shanghai Newtouch's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Shanghai Total Debt vs. Competition
Shanghai Newtouch Software is the top company in total debt category among its peers. Total debt of Information Technology industry is presently estimated at about 8.69 Billion. Shanghai Newtouch holds roughly 570.68 Million in total debt claiming about 7% of equities under Information Technology industry.
Shanghai Working Capital vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Shanghai Newtouch |
| = | 570.68 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Shanghai Newtouch |
| = | 1.26 B |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Shanghai Working Capital Comparison
Shanghai Newtouch is currently under evaluation in working capital category among its peers.
Shanghai Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Shanghai Newtouch. 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 Shanghai Newtouch 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 Shanghai Newtouch's important profitability drivers and their relationship over time.
Use Shanghai Newtouch 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 Shanghai Newtouch 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 Shanghai Newtouch will appreciate offsetting losses from the drop in the long position's value.Shanghai Newtouch Pair Trading
Shanghai Newtouch Software Pair Trading Analysis
The ability to find closely correlated positions to Shanghai Newtouch could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shanghai Newtouch 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 Shanghai Newtouch - 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 Shanghai Newtouch Software to buy it.
The correlation of Shanghai Newtouch 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 Shanghai Newtouch moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shanghai Newtouch 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 Shanghai Newtouch 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 Shanghai Newtouch position
In addition to having Shanghai Newtouch 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 Machinery Thematic Idea Now
Machinery
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Machinery theme has 61 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 Machinery Theme or any other thematic opportunities.
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Other Information on Investing in Shanghai Stock
To fully project Shanghai Newtouch's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Shanghai Newtouch at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Shanghai Newtouch's income statement, its balance sheet, and the statement of cash flows.