Higher Way Electronic Stock Fundamentals

3268 Stock  TWD 23.55  0.25  1.05%   
Higher Way Electronic fundamentals help investors to digest information that contributes to Higher Way's financial success or failures. It also enables traders to predict the movement of Higher Stock. The fundamental analysis module provides a way to measure Higher Way'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 Higher Way stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Higher Way Electronic Company Current Valuation Analysis

Higher Way'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.

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Higher Way Current Valuation

    
  802.72 M  
Most of Higher Way'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, Higher Way Electronic 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, Higher Way Electronic has a Current Valuation of 802.72 M. This is 95.84% lower than that of the Technology sector and 96.65% lower than that of the Semiconductors industry. The current valuation for all Taiwan stocks is 95.17% higher than that of the company.

Higher Way Electronic Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Higher Way's current stock value. Our valuation model uses many indicators to compare Higher Way value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Higher Way competition to find correlations between indicators driving Higher Way's intrinsic value. More Info.
Higher Way Electronic 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  0.12  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Higher Way Electronic is roughly  8.52 . 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 Higher Way's earnings, one of the primary drivers of an investment's value.

Higher Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Higher Way's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Higher Way could also be used in its relative valuation, which is a method of valuing Higher Way by comparing valuation metrics of similar companies.
Higher Way is currently under evaluation in current valuation category among its peers.

Higher Fundamentals

About Higher Way Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Higher Way Electronic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Higher Way using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Higher Way Electronic 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 Higher Way

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 Higher Way 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 Higher Way will appreciate offsetting losses from the drop in the long position's value.

Moving together with Higher Stock

  0.726415 Silergy CorpPairCorr

Moving against Higher Stock

  0.372379 Realtek SemiconductorPairCorr
The ability to find closely correlated positions to Higher Way could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Higher Way 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 Higher Way - 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 Higher Way Electronic to buy it.
The correlation of Higher Way 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 Higher Way moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Higher Way Electronic 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 Higher Way 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.
Pair CorrelationCorrelation Matching

Additional Tools for Higher Stock Analysis

When running Higher Way's price analysis, check to measure Higher Way'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 Higher Way is operating at the current time. Most of Higher Way's value examination focuses on studying past and present price action to predict the probability of Higher Way's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Higher Way's price. Additionally, you may evaluate how the addition of Higher Way to your portfolios can decrease your overall portfolio volatility.