Globe Union Price To Earning vs. Return On Equity
| 9934 Stock | TWD 14.35 0.05 0.35% |
For Globe Union profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Globe Union to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Globe Union Industrial utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Globe Union's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Globe Union Industrial over time as well as its relative position and ranking within its peers.
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Globe Union Industrial Return On Equity vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Globe Union's current stock value. Our valuation model uses many indicators to compare Globe Union value to that of its competitors to determine the firm's financial worth. Globe Union Industrial is rated fourth in price to earning category among its peers. It also is rated fourth in return on equity category among its peers . 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 Globe Union's earnings, one of the primary drivers of an investment's value.Globe Return On Equity vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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| = | 8.93 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
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| = | -0.22 |
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.
Globe Return On Equity Comparison
Globe Union is currently under evaluation in return on equity category among its peers.
Globe Union Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Globe Union, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Globe Union will eventually generate negative long term returns. The profitability progress is the general direction of Globe Union's change in net profit over the period of time. It can combine multiple indicators of Globe Union, 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.
Globe Union Industrial Corp. engages in the design, development, manufacture, marketing, branding, and sale of kitchen and bathroom products for commercial and residential markets in Taiwan, the United States, Britain, Canada, China, and internationally. Globe Union Industrial Corp. was founded in 1979 and is headquartered in Taichung, Taiwan. GLOBE UNION is traded on Taiwan Stock Exchange in Taiwan.
Globe Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Globe Union. 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 Globe Union 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 Globe Union's important profitability drivers and their relationship over time.
Use Globe Union 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 Globe Union 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 Globe Union will appreciate offsetting losses from the drop in the long position's value.Globe Union Pair Trading
Globe Union Industrial Pair Trading Analysis
The ability to find closely correlated positions to Globe Union could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globe Union 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 Globe Union - 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 Globe Union Industrial to buy it.
The correlation of Globe Union 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 Globe Union moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globe Union Industrial 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 Globe Union 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 Globe Union position
In addition to having Globe Union 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 Large Growth Funds Thematic Idea Now
Large Growth Funds
Funds or Etfs that invest in stocks of large-sized companies with above-average risk and growth rate. The Large Growth Funds theme has 48 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 Large Growth Funds Theme or any other thematic opportunities.
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Additional Tools for Globe Stock Analysis
When running Globe Union's price analysis, check to measure Globe Union'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 Globe Union is operating at the current time. Most of Globe Union's value examination focuses on studying past and present price action to predict the probability of Globe Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Union's price. Additionally, you may evaluate how the addition of Globe Union to your portfolios can decrease your overall portfolio volatility.