Chicony Power Technology Co., Ltd. Stock Has Shown Weakness Lately But Financials Look Strong Should Prospective Shareholders Make The Leap - Simply Wall St
| 6412 Stock | TWD 125.00 1.00 0.81% |
Slightly above 52% of Chicony Power's investor base is interested to short. The analysis of current outlook of investing in Chicony Power Technology suggests that many traders are impartial regarding Chicony Power's prospects. Chicony Power's investing sentiment can be driven by a variety of factors including economic data, Chicony Power's earnings reports, geopolitical events, and overall market trends.
Chicony Power stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Chicony daily returns and investor perception about the current price of Chicony Power Technology as well as its diversification or hedging effects on your existing portfolios.
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Chicony Power Technology Co., Ltd. Stock Has Shown Weakness Lately But Financials Look Strong Should Prospective Shareholders Make The Leap Simply Wall St
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Chicony Power Fundamental Analysis
We analyze Chicony Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chicony Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chicony Power 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
Chicony Power 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.
Chicony Power Technology 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 Chicony Power stock to make a market-neutral strategy. Peer analysis of Chicony Power could also be used in its relative valuation, which is a method of valuing Chicony Power by comparing valuation metrics with similar companies.
Peers
Chicony Power Related Equities
| 2748 | FDC International | 10.00 | ||||
| 2852 | First Insurance | 1.22 | ||||
| 8935 | Pontex Polyblend | 0.93 | ||||
| 2851 | Central Reinsurance | 0.39 | ||||
| 2838 | Union Bank | 0.33 | ||||
| 2886 | Mega Financial | 0.26 | ||||
| 2885 | Yuanta Financial | 0.72 |
Additional Tools for Chicony Stock Analysis
When running Chicony Power's price analysis, check to measure Chicony Power'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 Chicony Power is operating at the current time. Most of Chicony Power's value examination focuses on studying past and present price action to predict the probability of Chicony Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chicony Power's price. Additionally, you may evaluate how the addition of Chicony Power to your portfolios can decrease your overall portfolio volatility.