Auras Technology Co Stock Beta
| 3324 Stock | TWD 632.00 10.00 1.61% |
Auras Technology Co fundamentals help investors to digest information that contributes to Auras Technology's financial success or failures. It also enables traders to predict the movement of Auras Stock. The fundamental analysis module provides a way to measure Auras Technology'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 Auras Technology stock.
Auras |
Auras Technology Co Company Beta Analysis
Auras Technology's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Auras Technology Beta | 1.3 |
Most of Auras Technology's fundamental indicators, such as Beta, 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, Auras Technology Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Auras Technology Co has a Beta of 1.3021. This is 22.84% higher than that of the Technology sector and 141.13% higher than that of the Computer Distribution industry. The beta for all Taiwan stocks is notably lower than that of the firm.
Auras Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Auras Technology's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Auras Technology could also be used in its relative valuation, which is a method of valuing Auras Technology by comparing valuation metrics of similar companies.Auras Technology is rated second in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Auras Technology will likely underperform.
Auras Fundamentals
| Return On Equity | 0.29 | |||
| Return On Asset | 0.0725 | |||
| Profit Margin | 0.1 % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 14.78 B | |||
| Shares Outstanding | 86.09 M | |||
| Shares Owned By Insiders | 28.93 % | |||
| Shares Owned By Institutions | 15.23 % | |||
| Price To Earning | 27.16 X | |||
| Price To Book | 2.53 X | |||
| Price To Sales | 0.94 X | |||
| Revenue | 14.26 B | |||
| Gross Profit | 2.66 B | |||
| EBITDA | 1.96 B | |||
| Net Income | 1.13 B | |||
| Cash And Equivalents | 390.26 M | |||
| Cash Per Share | 4.75 X | |||
| Total Debt | 1.3 B | |||
| Debt To Equity | 31.20 % | |||
| Current Ratio | 1.53 X | |||
| Book Value Per Share | 62.53 X | |||
| Cash Flow From Operations | 1.44 B | |||
| Earnings Per Share | 15.93 X | |||
| Target Price | 169.5 | |||
| Number Of Employees | 19 | |||
| Beta | 1.3 | |||
| Market Capitalization | 14.59 B | |||
| Total Asset | 11.9 B | |||
| Z Score | 7.6 | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 2.10 % | |||
| Net Asset | 11.9 B | |||
| Last Dividend Paid | 6.0 |
About Auras Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Auras Technology Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Auras Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Auras Technology Co 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 Auras Technology
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 Auras Technology 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 Auras Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Auras Stock
The ability to find closely correlated positions to Auras Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Auras Technology 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 Auras Technology - 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 Auras Technology Co to buy it.
The correlation of Auras Technology 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 Auras Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auras 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 Auras Technology 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 Auras Stock Analysis
When running Auras Technology's price analysis, check to measure Auras Technology'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 Auras Technology is operating at the current time. Most of Auras Technology's value examination focuses on studying past and present price action to predict the probability of Auras Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Auras Technology's price. Additionally, you may evaluate how the addition of Auras Technology to your portfolios can decrease your overall portfolio volatility.