Shin Financial Statements From 2010 to 2024
| 6186 Stock | TWD 61.30 1.10 1.83% |
Check Shin Ruenn financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shin Ruenn's main balance sheet or income statement drivers, such as , as well as many indicators such as . Shin financial statements analysis is a perfect complement when working with Shin Ruenn Valuation or Volatility modules.
Shin |
Shin Ruenn Development Company Shares Outstanding Analysis
Shin Ruenn's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Shin Ruenn Shares Outstanding | 149.99 M |
Most of Shin Ruenn's fundamental indicators, such as Shares Outstanding, 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, Shin Ruenn Development is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Shin Ruenn Development has 149.99 M of shares currently outstending. This is 36.65% lower than that of the Real Estate sector and significantly higher than that of the Real Estate—Development industry. The shares outstanding for all Taiwan stocks is 73.77% higher than that of the company.
Shin Ruenn Development Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Shin Ruenn's current stock value. Our valuation model uses many indicators to compare Shin Ruenn value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Shin Ruenn competition to find correlations between indicators driving Shin Ruenn's intrinsic value. More Info.Shin Ruenn Development 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 . 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 Shin Ruenn's earnings, one of the primary drivers of an investment's value.About Shin Ruenn Financial Statements
Shin Ruenn investors use historical fundamental indicators, such as Shin Ruenn'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 Shin Ruenn. Please read more on our technical analysis and fundamental analysis pages.
Shin Ruenn development Co., LTD. engages in the development and rental of housing and buildings. Shin Ruenn development Co., LTD. was founded in 1998 and is based in Taipei, Taiwan. SHIN RUENN operates under Real EstateDevelopment classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 34 people.
Pair Trading with Shin Ruenn
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 Shin Ruenn 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 Shin Ruenn will appreciate offsetting losses from the drop in the long position's value.Moving against Shin Stock
| 0.72 | 8240 | Wah Hong Industrial | PairCorr |
| 0.71 | 2882B | Cathay Financial Holding | PairCorr |
| 0.67 | 2881A | Fubon Financial Holding | PairCorr |
| 0.65 | 2881B | Fubon Financial Holding | PairCorr |
| 0.64 | 3041 | ALi Corp Split | PairCorr |
The ability to find closely correlated positions to Shin Ruenn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shin Ruenn 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 Shin Ruenn - 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 Shin Ruenn Development to buy it.
The correlation of Shin Ruenn 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 Shin Ruenn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shin Ruenn Development 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 Shin Ruenn 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 Shin Stock Analysis
When running Shin Ruenn's price analysis, check to measure Shin Ruenn'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 Shin Ruenn is operating at the current time. Most of Shin Ruenn's value examination focuses on studying past and present price action to predict the probability of Shin Ruenn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Ruenn's price. Additionally, you may evaluate how the addition of Shin Ruenn to your portfolios can decrease your overall portfolio volatility.