NOR Flash Memory Chip Market Expanding at a Healthy 3.85 ... - Digital Journal
| 3006 Stock | TWD 62.00 1.70 2.67% |
Slightly above 62% of Elite Semiconductor's investor base is looking to short. The analysis of current outlook of investing in Elite Semiconductor Memory suggests that many traders are alarmed regarding Elite Semiconductor's prospects. Elite Semiconductor's investing sentiment can be driven by a variety of factors including economic data, Elite Semiconductor's earnings reports, geopolitical events, and overall market trends.
Elite Semiconductor stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Elite daily returns and investor perception about the current price of Elite Semiconductor Memory as well as its diversification or hedging effects on your existing portfolios.
Elite |
NOR Flash Memory Chip Market Expanding at a Healthy 3.85 ... Digital Journal
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Elite Semiconductor Fundamental Analysis
We analyze Elite Semiconductor's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elite Semiconductor using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elite Semiconductor 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.
Z Score
Z Score Comparative Analysis
Elite Semiconductor is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Elite Semiconductor Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Elite Semiconductor stock to make a market-neutral strategy. Peer analysis of Elite Semiconductor could also be used in its relative valuation, which is a method of valuing Elite Semiconductor by comparing valuation metrics with similar companies.
Peers
Elite Semiconductor Related Equities
| 3034 | Novatek Microelectronics | 1.14 | ||||
| 9921 | Giant Manufacturing | 0.33 | ||||
| 9908 | Great Taipei | 0.33 | ||||
| 2882A | Cathay Financial | 0.33 | ||||
| 6697 | Information Technology | 1.16 | ||||
| 3058 | Leader Electronics | 1.53 | ||||
| 2409 | AU Optronics | 1.87 | ||||
| 9945 | Ruentex Development | 2.38 | ||||
| 3481 | Innolux Corp | 2.54 | ||||
| 5245 | WiseChip Semiconductor | 3.03 |
Additional Tools for Elite Stock Analysis
When running Elite Semiconductor's price analysis, check to measure Elite Semiconductor'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 Elite Semiconductor is operating at the current time. Most of Elite Semiconductor's value examination focuses on studying past and present price action to predict the probability of Elite Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Semiconductor's price. Additionally, you may evaluate how the addition of Elite Semiconductor to your portfolios can decrease your overall portfolio volatility.