Despite lower earnings than five years ago, Welltend Technology investors are up 123 percent since then - Simply Wall St
| 3021 Stock | TWD 29.10 1.35 4.43% |
Slightly above 61% of Welltend Technology's investor base is looking to short. The analysis of current outlook of investing in Welltend Technology Corp suggests that many traders are alarmed regarding Welltend Technology's prospects. Welltend Technology's investing sentiment can be driven by a variety of factors including economic data, Welltend Technology's earnings reports, geopolitical events, and overall market trends.
Welltend Technology stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Welltend daily returns and investor perception about the current price of Welltend Technology Corp as well as its diversification or hedging effects on your existing portfolios.
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Welltend Technology investors are up 123 percent since then Simply Wall St
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Welltend Technology Fundamental Analysis
We analyze Welltend Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Welltend Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Welltend Technology 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.
Beta
Beta Comparative Analysis
Welltend Technology is currently under evaluation in beta category among its peers. 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.
Welltend Technology Corp 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 Welltend Technology stock to make a market-neutral strategy. Peer analysis of Welltend Technology could also be used in its relative valuation, which is a method of valuing Welltend Technology by comparing valuation metrics with similar companies.
Peers
Welltend Technology Related Equities
| 3019 | Asia Optical | 6.67 | ||||
| 3011 | Ji Haw | 4.23 | ||||
| 3044 | Tripod Technology | 0.26 | ||||
| 3013 | Chenming Mold | 2.36 | ||||
| 3046 | AOPEN | 3.02 |
Additional Tools for Welltend Stock Analysis
When running Welltend Technology's price analysis, check to measure Welltend 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 Welltend Technology is operating at the current time. Most of Welltend Technology's value examination focuses on studying past and present price action to predict the probability of Welltend 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 Welltend Technology's price. Additionally, you may evaluate how the addition of Welltend Technology to your portfolios can decrease your overall portfolio volatility.