Channel Well Technology Stock Price To Earning
| 3078 Stock | TWD 82.40 0.30 0.37% |
Channel Well Technology fundamentals help investors to digest information that contributes to Channel Well's financial success or failures. It also enables traders to predict the movement of Channel Stock. The fundamental analysis module provides a way to measure Channel Well'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 Channel Well stock.
Channel |
Channel Well Technology Company Price To Earning Analysis
Channel Well'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.
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.
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Based on the latest financial disclosure, Channel Well Technology has a Price To Earning of 0.0 times. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Price To Earning (which currently averages 0.0) industry. This indicator is about the same for all Taiwan stocks average (which is currently at 0.0).
Channel Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Channel Well's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Channel Well could also be used in its relative valuation, which is a method of valuing Channel Well by comparing valuation metrics of similar companies.Channel Well is currently under evaluation in price to earning category among its peers.
Channel Fundamentals
| Return On Equity | 0.14 | |||
| Return On Asset | 0.0357 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 4.14 B | |||
| Shares Outstanding | 227.39 M | |||
| Shares Owned By Insiders | 24.66 % | |||
| Shares Owned By Institutions | 5.23 % | |||
| Price To Book | 1.14 X | |||
| Price To Sales | 0.93 X | |||
| Revenue | 10.09 B | |||
| Gross Profit | 1.95 B | |||
| EBITDA | 1.43 B | |||
| Net Income | 978.03 M | |||
| Book Value Per Share | 24.30 X | |||
| Cash Flow From Operations | 83.28 M | |||
| Earnings Per Share | 3.32 X | |||
| Number Of Employees | 27 | |||
| Beta | 1.05 | |||
| Market Capitalization | 6.67 B | |||
| Total Asset | 9.62 B | |||
| Z Score | 1.0 | |||
| Annual Yield | 0.11 % | |||
| Net Asset | 9.62 B | |||
| Last Dividend Paid | 3.25 |
About Channel Well Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Channel Well Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Channel Well using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Channel Well Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Pair Trading with Channel Well
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 Channel Well 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 Channel Well will appreciate offsetting losses from the drop in the long position's value.Moving together with Channel Stock
Moving against Channel Stock
| 0.68 | 2317 | Hon Hai Precision Earnings Call Tomorrow | PairCorr |
| 0.63 | 2609 | Yang Ming Marine | PairCorr |
| 0.54 | 2603 | Evergreen Marine Corp Earnings Call Tomorrow | PairCorr |
| 0.52 | 2409 | AU Optronics | PairCorr |
| 0.45 | 2303 | United Microelectronics | PairCorr |
The ability to find closely correlated positions to Channel Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Channel Well 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 Channel Well - 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 Channel Well Technology to buy it.
The correlation of Channel Well 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 Channel Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Channel Well 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 Channel Well 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 Channel Stock Analysis
When running Channel Well's price analysis, check to measure Channel Well'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 Channel Well is operating at the current time. Most of Channel Well's value examination focuses on studying past and present price action to predict the probability of Channel Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Channel Well's price. Additionally, you may evaluate how the addition of Channel Well to your portfolios can decrease your overall portfolio volatility.