Shin Ruenn Development Stock Probability Of Bankruptcy
| 6186 Stock | TWD 61.10 0.10 0.16% |
Shin |
Shin Ruenn Development Company odds of financial turmoil Analysis
Shin Ruenn's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Shin Ruenn Probability Of Bankruptcy | Less than 31% |
Most of Shin Ruenn's fundamental indicators, such as Probability Of Bankruptcy, 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, Shin Ruenn Development is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Shin Ruenn probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Shin Ruenn odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Shin Ruenn Development financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Shin Ruenn Development has a Probability Of Bankruptcy of 31.0%. This is 27.52% lower than that of the Real Estate sector and significantly higher than that of the Real Estate—Development industry. The probability of bankruptcy for all Taiwan stocks is 22.17% higher than that of the company.
Shin Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shin Ruenn's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shin Ruenn could also be used in its relative valuation, which is a method of valuing Shin Ruenn by comparing valuation metrics of similar companies.Shin Ruenn is currently under evaluation in probability of bankruptcy category among its peers.
Shin Fundamentals
| Return On Equity | -0.0408 | |||
| Return On Asset | -0.0042 | |||
| Operating Margin | (4.58) % | |||
| Current Valuation | 15.37 B | |||
| Shares Outstanding | 149.99 M | |||
| Shares Owned By Insiders | 50.70 % | |||
| Shares Owned By Institutions | 0.23 % | |||
| Price To Earning | 6.77 X | |||
| Price To Book | 1.86 X | |||
| Price To Sales | 205.55 X | |||
| Revenue | 3.98 B | |||
| Gross Profit | 820.9 M | |||
| EBITDA | 569.94 M | |||
| Net Income | 420.32 M | |||
| Cash And Equivalents | 1.04 B | |||
| Cash Per Share | 7.97 X | |||
| Total Debt | 1.6 B | |||
| Debt To Equity | 3.77 % | |||
| Current Ratio | 1.40 X | |||
| Book Value Per Share | 17.69 X | |||
| Cash Flow From Operations | 1.19 B | |||
| Earnings Per Share | 1.01 X | |||
| Number Of Employees | 43 | |||
| Beta | 0.21 | |||
| Market Capitalization | 5.43 B | |||
| Total Asset | 15.62 B | |||
| Z Score | 1.8 | |||
| Annual Yield | 0.09 % | |||
| Five Year Return | 9.38 % | |||
| Net Asset | 15.62 B | |||
| Last Dividend Paid | 3.0 |
About Shin Ruenn Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Shin Ruenn Development's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shin Ruenn using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shin Ruenn Development 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 Shin Ruenn
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 Shin Ruenn 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 Shin Ruenn will appreciate offsetting losses from the drop in the long position's value.Moving together with Shin Stock
Moving against Shin Stock
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| 0.71 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.68 | 2330 | Taiwan Semiconductor | PairCorr |
The ability to find closely correlated positions to Shin Ruenn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shin Ruenn 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 Shin Ruenn - 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 Shin Ruenn Development to buy it.
The correlation of Shin Ruenn 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 Shin Ruenn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shin Ruenn Development 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 Shin Ruenn 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 Shin Stock Analysis
When running Shin Ruenn's price analysis, check to measure Shin Ruenn'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 Shin Ruenn is operating at the current time. Most of Shin Ruenn's value examination focuses on studying past and present price action to predict the probability of Shin Ruenn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Ruenn's price. Additionally, you may evaluate how the addition of Shin Ruenn to your portfolios can decrease your overall portfolio volatility.