Etron Financial Statements From 2010 to 2024
| 5351 Stock | TWD 36.75 1.35 3.81% |
Check Etron Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Etron Technology's main balance sheet or income statement drivers, such as , as well as many indicators such as . Etron financial statements analysis is a perfect complement when working with Etron Technology Valuation or Volatility modules.
Etron |
Etron Technology Company Current Valuation Analysis
Etron Technology's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Etron Technology Current Valuation | 12.71 B |
Most of Etron Technology's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Etron Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Etron Technology has a Current Valuation of 12.71 B. This is 34.18% lower than that of the Technology sector and 38.02% higher than that of the Semiconductor Equipment & Materials industry. The current valuation for all Taiwan stocks is 23.53% higher than that of the company.
Etron Technology Fundamental Drivers Relationships
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. You can analyze the relationship between different fundamental ratios across Etron Technology competition to find correlations between indicators driving Etron Technology's intrinsic value. More Info.Etron Technology is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.36 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Etron Technology is roughly 2.79 . 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.About Etron Technology Financial Statements
Etron Technology investors use historical fundamental indicators, such as Etron Technology's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Etron Technology. Please read more on our technical analysis and fundamental analysis pages.
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.
Pair Trading with Etron Technology
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.Moving together with Etron Stock
| 0.84 | 6239 | Powertech Technology | PairCorr |
| 0.78 | 3532 | Formosa Sumco Technology | PairCorr |
| 0.82 | 3035 | Faraday Technology Corp | PairCorr |
Moving against Etron Stock
| 0.79 | 2881A | Fubon Financial Holding | PairCorr |
| 0.78 | 2891 | CTBC Financial Holding | PairCorr |
| 0.74 | 2885 | Yuanta Financial Holdings | PairCorr |
| 0.74 | 5315 | United Radiant Technology | PairCorr |
| 0.63 | 2882B | Cathay Financial Holding | PairCorr |
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.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.