Neo Neon Gross Profit vs. Current Ratio
| 911868 Stock | TWD 1.50 0.01 0.66% |
For Neo Neon profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Neo Neon to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Neo Neon Holdings Limited utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Neo Neon's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Neo Neon Holdings Limited over time as well as its relative position and ranking within its peers.
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Neo Neon Holdings Current Ratio vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Neo Neon's current stock value. Our valuation model uses many indicators to compare Neo Neon value to that of its competitors to determine the firm's financial worth. Neo Neon Holdings Limited is number one stock in gross profit category among its peers. It also is number one stock in current ratio category among its peers . The ratio of Gross Profit to Current Ratio for Neo Neon Holdings Limited is about 78,661,258 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Neo Neon by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Neo Neon'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.Neo Current Ratio vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Neo Neon |
| = | 237.56 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Neo Neon |
| = | 3.02 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Neo Current Ratio Comparison
Neo Neon is currently under evaluation in current ratio category among its peers.
Neo Neon Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Neo Neon, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Neo Neon will eventually generate negative long term returns. The profitability progress is the general direction of Neo Neon's change in net profit over the period of time. It can combine multiple indicators of Neo Neon, 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.
Neo-Neon Holdings Limited, an investment holding company, engages in the research and development, manufacture, and sale of lighting products in North America, Europe, the Peoples Republic of China, rest of Asia, and internationally. Neo-Neon Holdings Limited is a subsidiary of THTF Energy Saving Holdings Limited. NEO NEON operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 1100 people.
Neo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Neo Neon. 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 Neo Neon 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 Neo Neon's important profitability drivers and their relationship over time.
Use Neo Neon 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 Neo Neon 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 Neo Neon will appreciate offsetting losses from the drop in the long position's value.Neo Neon Pair Trading
Neo Neon Holdings Limited Pair Trading Analysis
The ability to find closely correlated positions to Neo Neon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neo Neon 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 Neo Neon - 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 Neo Neon Holdings Limited to buy it.
The correlation of Neo Neon 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 Neo Neon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neo Neon 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 Neo Neon 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 Neo Neon position
In addition to having Neo Neon 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 Banks - Regional Thematic Idea Now
Banks - Regional
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banks - Regional theme has 19 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 Banks - Regional Theme or any other thematic opportunities.
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Other Information on Investing in Neo Stock
To fully project Neo Neon's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Neo Neon Holdings 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 Neo Neon's income statement, its balance sheet, and the statement of cash flows.