Sung Gang Asset Stock Total Debt
| 6240 Stock | TWD 20.35 0.75 3.55% |
Sung Gang Asset fundamentals help investors to digest information that contributes to Sung Gang's financial success or failures. It also enables traders to predict the movement of Sung Stock. The fundamental analysis module provides a way to measure Sung Gang'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 Sung Gang stock.
Sung |
Sung Gang Asset Company Total Debt Analysis
Sung Gang's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Sung Gang Total Debt | 67.17 M |
Most of Sung Gang's fundamental indicators, such as Total Debt, 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, Sung Gang Asset is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
| Competition |
Based on the latest financial disclosure, Sung Gang Asset has a Total Debt of 67.17 M. This is 98.26% lower than that of the Consumer Cyclical sector and 84.56% lower than that of the Publishing industry. The total debt for all Taiwan stocks is 98.74% higher than that of the company.
Sung Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Sung Gang's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Sung Gang could also be used in its relative valuation, which is a method of valuing Sung Gang by comparing valuation metrics of similar companies.Sung Gang is currently under evaluation in total debt category among its peers.
Sung Fundamentals
| Return On Equity | 0.1 | |||
| Return On Asset | -0.004 | |||
| Profit Margin | 2.88 % | |||
| Operating Margin | (0.51) % | |||
| Current Valuation | 571.78 M | |||
| Shares Outstanding | 22.87 M | |||
| Shares Owned By Insiders | 80.32 % | |||
| Price To Earning | 7.57 X | |||
| Price To Book | 1.10 X | |||
| Price To Sales | 32.38 X | |||
| Revenue | 13.07 M | |||
| Gross Profit | 7.74 M | |||
| EBITDA | 29.7 M | |||
| Net Income | 25.88 M | |||
| Cash And Equivalents | 186.03 M | |||
| Cash Per Share | 8.08 X | |||
| Total Debt | 67.17 M | |||
| Debt To Equity | 66.60 % | |||
| Current Ratio | 0.50 X | |||
| Book Value Per Share | 16.46 X | |||
| Cash Flow From Operations | (3.74 M) | |||
| Earnings Per Share | 1.59 X | |||
| Number Of Employees | 14 | |||
| Beta | 0.78 | |||
| Market Capitalization | 426.47 M | |||
| Total Asset | 1.02 B | |||
| Z Score | 3.6 | |||
| Net Asset | 1.02 B |
About Sung Gang Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Sung Gang Asset's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sung Gang using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sung Gang Asset 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 Sung Gang
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 Sung Gang 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 Sung Gang will appreciate offsetting losses from the drop in the long position's value.Moving together with Sung Stock
Moving against Sung Stock
| 0.81 | 3702A | WPG Holdings | PairCorr |
| 0.68 | 2882B | Cathay Financial Holding | PairCorr |
| 0.57 | 2324 | Compal Electronics | PairCorr |
| 0.47 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.34 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Sung Gang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sung Gang 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 Sung Gang - 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 Sung Gang Asset to buy it.
The correlation of Sung Gang 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 Sung Gang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sung Gang Asset 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 Sung Gang 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 Sung Stock Analysis
When running Sung Gang's price analysis, check to measure Sung Gang'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 Sung Gang is operating at the current time. Most of Sung Gang's value examination focuses on studying past and present price action to predict the probability of Sung Gang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sung Gang's price. Additionally, you may evaluate how the addition of Sung Gang to your portfolios can decrease your overall portfolio volatility.