Sinopac Securities Corp Etf Fundamentals
| 00887 Etf | TWD 8.86 0.06 0.68% |
Sinopac Securities Corp fundamentals help investors to digest information that contributes to Sinopac Securities' 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 Securities' 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 Securities etf.
Sinopac |
Sinopac Securities Corp ETF Net Asset Analysis
Sinopac Securities' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Sinopac Securities Net Asset | 336.44 M |
Most of Sinopac Securities' fundamental indicators, such as Net Asset, 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 Securities Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Based on the recorded statements, Sinopac Securities Corp has a Net Asset of 336.44 M. This is much higher than that of the SinoPac Securities Inv Trust Co., Ltd family and significantly higher than that of the Net Asset category. The net asset for all Taiwan etfs is notably lower than that of the firm.
Sinopac Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sinopac Securities' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Sinopac Securities could also be used in its relative valuation, which is a method of valuing Sinopac Securities by comparing valuation metrics of similar companies.Sinopac Securities is currently under evaluation in net asset as compared to similar ETFs.
Sinopac Fundamentals
| Total Asset | 336.44 M | |||
| Net Asset | 336.44 M |
About Sinopac Securities Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sinopac Securities Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sinopac Securities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sinopac Securities Corp 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 OTC Exchange in Taiwan.
Pair Trading with Sinopac Securities
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 Sinopac Securities 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 Sinopac Securities will appreciate offsetting losses from the drop in the long position's value.Moving together with Sinopac Etf
Moving against Sinopac Etf
| 0.53 | 00881 | Cathay Taiwan 5G | PairCorr |
| 0.48 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.36 | 006203 | YuantaP shares MSCI | PairCorr |
| 0.36 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.35 | 006204 | Sinopac TAIEX ETF | PairCorr |
The ability to find closely correlated positions to Sinopac Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sinopac Securities 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 Sinopac Securities - 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 Sinopac Securities Corp to buy it.
The correlation of Sinopac Securities 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 Sinopac Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sinopac Securities Corp 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 Sinopac Securities 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.Other Information on Investing in Sinopac Etf
Sinopac Securities 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 Securities security.