Sinopac Taiex Etf Fundamentals
| 006204 Etf | TWD 116.25 0.50 0.43% |
Sinopac TAIEX ETF fundamentals help investors to digest information that contributes to Sinopac TAIEX's financial success or failures. It also enables traders to predict the movement of Sinopac Etf. The fundamental analysis module provides a way to measure Sinopac TAIEX's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Sinopac TAIEX etf.
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Sinopac TAIEX ETF ETF Price To Earning Analysis
Sinopac TAIEX's 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.
Current Sinopac TAIEX Price To Earning | 14.15 X |
Most of Sinopac TAIEX's fundamental indicators, such as Price To Earning, 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, Sinopac TAIEX ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, Sinopac TAIEX ETF has a Price To Earning of 14.15 times. This is much higher than that of the SinoPac Securities Inv Trust Co., Ltd family and significantly higher than that of the Price To Earning category. The price to earning for all Taiwan etfs is notably lower than that of the firm.
Sinopac TAIEX ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Sinopac TAIEX's current stock value. Our valuation model uses many indicators to compare Sinopac TAIEX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Sinopac TAIEX competition to find correlations between indicators driving Sinopac TAIEX's intrinsic value. More Info.Sinopac TAIEX ETF is second largest ETF in price to earning as compared to similar ETFs. It also is second largest ETF in price to book as compared to similar ETFs fabricating about 0.11 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Sinopac TAIEX ETF is roughly 8.96 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Sinopac TAIEX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Sinopac TAIEX's Etf. 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.Did you try this?
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Fund Asset Allocation for Sinopac TAIEX
The fund consists of 89.29% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides Sinopac TAIEX's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Sinopac Fundamentals
| Price To Earning | 14.15 X | |||
| Price To Book | 1.58 X | |||
| Price To Sales | 0.96 X | |||
| Total Asset | 164.86 M | |||
| One Year Return | 74.25 % | |||
| Three Year Return | 18.27 % | |||
| Five Year Return | 18.89 % | |||
| Net Asset | 164.86 M | |||
| Last Dividend Paid | 1.52 | |||
| Holdings Turnover | 12.51 % | |||
| Equity Positions Weight | 89.29 % |
About Sinopac TAIEX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sinopac TAIEX ETF's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sinopac TAIEX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sinopac TAIEX ETF based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.SINOPAC SECS is traded on Taiwan Stock Exchange in Taiwan.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Sinopac Etf
Sinopac TAIEX financial ratios help investors to determine whether Sinopac Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sinopac with respect to the benefits of owning Sinopac TAIEX security.