Tainet Communication System Stock Cash And Equivalents
| 4905 Stock | TWD 79.00 0.30 0.38% |
Tainet Communication System fundamentals help investors to digest information that contributes to Tainet Communication's financial success or failures. It also enables traders to predict the movement of Tainet Stock. The fundamental analysis module provides a way to measure Tainet Communication'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 Tainet Communication stock.
Tainet |
Tainet Communication System Company Cash And Equivalents Analysis
Tainet Communication's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, Tainet Communication System has 0.0 in Cash And Equivalents. This is 100.0% lower than that of the Technology sector and 100.0% lower than that of the Communication Equipment industry. The cash and equivalents for all Taiwan stocks is 100.0% higher than that of the company.
Tainet Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tainet Communication's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tainet Communication could also be used in its relative valuation, which is a method of valuing Tainet Communication by comparing valuation metrics of similar companies.Tainet Communication is currently under evaluation in cash and equivalents category among its peers.
Tainet Fundamentals
| Return On Equity | -0.0302 | |||
| Return On Asset | -0.0029 | |||
| Profit Margin | (1.03) % | |||
| Operating Margin | (0.16) % | |||
| Current Valuation | (68.35 M) | |||
| Shares Outstanding | 29.26 M | |||
| Shares Owned By Insiders | 67.23 % | |||
| Shares Owned By Institutions | 1.10 % | |||
| Price To Book | 0.57 X | |||
| Price To Sales | 18.28 X | |||
| Revenue | 59.29 M | |||
| Gross Profit | 20.42 M | |||
| EBITDA | 69.23 M | |||
| Net Income | 47.93 M | |||
| Book Value Per Share | 90.59 X | |||
| Cash Flow From Operations | 17.59 M | |||
| Earnings Per Share | (1.76) X | |||
| Number Of Employees | 12 | |||
| Beta | 0.15 | |||
| Market Capitalization | 1.49 B | |||
| Total Asset | 2.88 B | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 2.88 B | |||
| Last Dividend Paid | 1.2 |
About Tainet Communication Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tainet Communication System's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tainet Communication using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tainet Communication System 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 Tainet Communication
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 Tainet Communication 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 Tainet Communication will appreciate offsetting losses from the drop in the long position's value.Moving against Tainet Stock
| 0.82 | 2345 | Accton Technology Corp | PairCorr |
| 0.73 | 3558 | Senao Networks | PairCorr |
| 0.5 | 3596 | Arcadyan Technology Corp | PairCorr |
| 0.44 | 3704 | Unizyx Holding Corp | PairCorr |
| 0.39 | 3380 | Alpha Networks | PairCorr |
The ability to find closely correlated positions to Tainet Communication could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tainet Communication 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 Tainet Communication - 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 Tainet Communication System to buy it.
The correlation of Tainet Communication 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 Tainet Communication moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tainet Communication 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 Tainet Communication 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 Tainet Stock Analysis
When running Tainet Communication's price analysis, check to measure Tainet Communication'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 Tainet Communication is operating at the current time. Most of Tainet Communication's value examination focuses on studying past and present price action to predict the probability of Tainet Communication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tainet Communication's price. Additionally, you may evaluate how the addition of Tainet Communication to your portfolios can decrease your overall portfolio volatility.