Hua Eng Return On Asset vs. Current Valuation
| 1608 Stock | TWD 26.00 0.80 2.99% |
For Hua Eng profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hua Eng to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hua Eng Wire utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hua Eng's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hua Eng Wire over time as well as its relative position and ranking within its peers.
Hua |
Hua Eng Wire Current Valuation vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hua Eng's current stock value. Our valuation model uses many indicators to compare Hua Eng value to that of its competitors to determine the firm's financial worth. Hua Eng Wire is rated fourth in return on asset category among its peers. It also is rated fourth in current valuation category among its peers reporting about 466,917,132,124 of Current Valuation per Return On Asset. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Hua Eng's earnings, one of the primary drivers of an investment's value.Hua Current Valuation vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Hua Eng |
| = | 0.0193 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Hua Eng |
| = | 9.01 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Hua Current Valuation vs Competition
Hua Eng Wire is rated fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is presently estimated at about 334.8 Billion. Hua Eng holds roughly 9.01 Billion in current valuation claiming about 2.69% of equities under Industrials industry.
Hua Eng Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hua Eng, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hua Eng will eventually generate negative long term returns. The profitability progress is the general direction of Hua Eng's change in net profit over the period of time. It can combine multiple indicators of Hua Eng, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Hua Eng Wire Cable Co., Ltd. manufactures and sells various cables and wires in Taiwan. Hua Eng Wire Cable Co., Ltd. was founded in 1956 and is headquartered in Kaohsiung, Taiwan. HUA ENGINEERING is traded on Taiwan Stock Exchange in Taiwan.
Hua Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hua Eng. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hua Eng position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hua Eng's important profitability drivers and their relationship over time.
Use Hua Eng in pair-trading
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 Hua Eng 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 Hua Eng will appreciate offsetting losses from the drop in the long position's value.Hua Eng Pair Trading
Hua Eng Wire Pair Trading Analysis
The ability to find closely correlated positions to Hua Eng could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hua Eng 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 Hua Eng - 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 Hua Eng Wire to buy it.
The correlation of Hua Eng 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 Hua Eng moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hua Eng Wire 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 Hua Eng 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.Use Investing Themes to Complement your Hua Eng position
In addition to having Hua Eng in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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Additional Tools for Hua Stock Analysis
When running Hua Eng's price analysis, check to measure Hua Eng'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 Hua Eng is operating at the current time. Most of Hua Eng's value examination focuses on studying past and present price action to predict the probability of Hua Eng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hua Eng's price. Additionally, you may evaluate how the addition of Hua Eng to your portfolios can decrease your overall portfolio volatility.