Energy Sector Update for 11202023 SMR, NVEE, TORO - Nasdaq
| 4746 Stock | TWD 71.30 0.90 1.25% |
Slightly above 62% of Formosa Laboratories' investor base is looking to short. The analysis of current outlook of investing in Formosa Laboratories suggests that many traders are alarmed regarding Formosa Laboratories' prospects. Formosa Laboratories' investing sentiment can be driven by a variety of factors including economic data, Formosa Laboratories' earnings reports, geopolitical events, and overall market trends.
Formosa Laboratories stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Formosa daily returns and investor perception about the current price of Formosa Laboratories as well as its diversification or hedging effects on your existing portfolios.
Formosa |
Energy Sector Update for 11202023 SMR, NVEE, TORO Nasdaq
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Formosa Laboratories Fundamental Analysis
We analyze Formosa Laboratories' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Formosa Laboratories using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Formosa Laboratories 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
Formosa Laboratories 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.
Formosa Laboratories 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 Formosa Laboratories stock to make a market-neutral strategy. Peer analysis of Formosa Laboratories could also be used in its relative valuation, which is a method of valuing Formosa Laboratories by comparing valuation metrics with similar companies.
Peers
Formosa Laboratories Related Equities
| 4133 | Abnova Taiwan | 1.22 |
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| 1707 | Grape King | 1.62 |
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| 4119 | SCI Pharmtech | 2.05 |
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| 4142 | Adimmune Corp | 3.86 |
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| 1762 | Chunghwa Chemical | 4.63 |
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Additional Tools for Formosa Stock Analysis
When running Formosa Laboratories' price analysis, check to measure Formosa Laboratories' 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 Formosa Laboratories is operating at the current time. Most of Formosa Laboratories' value examination focuses on studying past and present price action to predict the probability of Formosa Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Laboratories' price. Additionally, you may evaluate how the addition of Formosa Laboratories to your portfolios can decrease your overall portfolio volatility.