Kingcan Holdings Return On Asset vs. Price To Sales

8411 Stock  TWD 13.30  0.05  0.37%   
Based on Kingcan Holdings' profitability indicators, Kingcan Holdings may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Kingcan Holdings' ability to earn profits and add value for shareholders.
For Kingcan Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kingcan Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kingcan Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kingcan Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kingcan Holdings over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Kingcan Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Kingcan Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kingcan Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Kingcan Holdings Price To Sales vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Kingcan Holdings's current stock value. Our valuation model uses many indicators to compare Kingcan Holdings value to that of its competitors to determine the firm's financial worth.
Kingcan Holdings is number one stock in return on asset category among its peers. It is rated third in price to sales category among its peers fabricating about  97.24  of Price To Sales per Return On Asset. 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 Kingcan Holdings' earnings, one of the primary drivers of an investment's value.

Kingcan Price To Sales vs. Return On Asset

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.

Kingcan Holdings

Return On Asset

 = 

Net Income

Total Assets

 = 
0.0034
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.
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.

Kingcan Holdings

P/S

 = 

MV Per Share

Revenue Per Share

 = 
0.33 X
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.

Kingcan Price To Sales Comparison

Kingcan Holdings is currently under evaluation in price to sales category among its peers.

Kingcan Holdings Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Kingcan Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Kingcan Holdings will eventually generate negative long term returns. The profitability progress is the general direction of Kingcan Holdings' change in net profit over the period of time. It can combine multiple indicators of Kingcan Holdings, 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.
Kingcan Holdings Limited researches and develops, produces, and sells metal packaging and food cans, and related raw materials in China. The company was founded in 1998 and is headquartered in Grand Cayman, the Cayman Islands. KINGCAN HOLDINGS is traded on Taiwan Stock Exchange in Taiwan.

Kingcan Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Kingcan Holdings. 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 Kingcan Holdings 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 Kingcan Holdings' important profitability drivers and their relationship over time.

Use Kingcan Holdings 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 Kingcan Holdings 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 Kingcan Holdings will appreciate offsetting losses from the drop in the long position's value.

Kingcan Holdings Pair Trading

Kingcan Holdings Pair Trading Analysis

The ability to find closely correlated positions to Kingcan Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kingcan Holdings 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 Kingcan Holdings - 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 Kingcan Holdings to buy it.
The correlation of Kingcan Holdings 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 Kingcan Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kingcan Holdings 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 Kingcan Holdings 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Kingcan Holdings position

In addition to having Kingcan Holdings 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.

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ESG Investing
ESG Investing Theme
Sustainable investments that promote the conservation of the natural world, social resposibility, freindly employees policies and strong governance. The ESG Investing theme has 51 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 ESG Investing Theme or any other thematic opportunities.
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Additional Tools for Kingcan Stock Analysis

When running Kingcan Holdings' price analysis, check to measure Kingcan Holdings' 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 Kingcan Holdings is operating at the current time. Most of Kingcan Holdings' value examination focuses on studying past and present price action to predict the probability of Kingcan Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingcan Holdings' price. Additionally, you may evaluate how the addition of Kingcan Holdings to your portfolios can decrease your overall portfolio volatility.