Gigabyte Technology Price To Earning vs. Price To Sales
| 2376 Stock | TWD 268.00 3.50 1.29% |
For Gigabyte Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Gigabyte Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Gigabyte Technology Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Gigabyte Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Gigabyte Technology Co over time as well as its relative position and ranking within its peers.
Gigabyte |
Gigabyte Technology Price To Sales vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Gigabyte Technology's current stock value. Our valuation model uses many indicators to compare Gigabyte Technology value to that of its competitors to determine the firm's financial worth. Gigabyte Technology Co is rated third in price to earning category among its peers. It is rated second in price to sales category among its peers fabricating about 0.02 of Price To Sales per Price To Earning. The ratio of Price To Earning to Price To Sales for Gigabyte Technology Co is roughly 54.07 . 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 Gigabyte Technology's earnings, one of the primary drivers of an investment's value.Gigabyte Price To Sales vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Gigabyte Technology |
| = | 33.42 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Gigabyte Technology |
| = | 0.62 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Gigabyte Price To Sales Comparison
Gigabyte Technology is currently under evaluation in price to sales category among its peers.
Gigabyte Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Gigabyte Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Gigabyte Technology will eventually generate negative long term returns. The profitability progress is the general direction of Gigabyte Technology's change in net profit over the period of time. It can combine multiple indicators of Gigabyte Technology, 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.
Giga-Byte Technology Co., Ltd., together with its subsidiaries, processes, manufactures, trades in, and sells computer peripherals and component parts in Taiwan, other Asian countries, Europe, North America, and internationally. Giga-Byte Technology Co., Ltd. was founded in 1986 and is headquartered in New Taipei City, Taiwan. GIGA BYTE operates under Computer Systems classification in Taiwan and is traded on Taiwan Stock Exchange.
Gigabyte Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Gigabyte Technology. 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 Gigabyte Technology 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 Gigabyte Technology's important profitability drivers and their relationship over time.
Use Gigabyte Technology 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 Gigabyte Technology 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 Gigabyte Technology will appreciate offsetting losses from the drop in the long position's value.Gigabyte Technology Pair Trading
Gigabyte Technology Co Pair Trading Analysis
The ability to find closely correlated positions to Gigabyte Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gigabyte Technology 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 Gigabyte Technology - 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 Gigabyte Technology Co to buy it.
The correlation of Gigabyte Technology 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 Gigabyte Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gigabyte Technology 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 Gigabyte Technology 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 Gigabyte Technology position
In addition to having Gigabyte Technology 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?
Run Wholesale Thematic Idea Now
Wholesale
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Wholesale theme has 61 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 Wholesale Theme or any other thematic opportunities.
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Additional Tools for Gigabyte Stock Analysis
When running Gigabyte Technology's price analysis, check to measure Gigabyte 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 Gigabyte Technology is operating at the current time. Most of Gigabyte Technology's value examination focuses on studying past and present price action to predict the probability of Gigabyte 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 Gigabyte Technology's price. Additionally, you may evaluate how the addition of Gigabyte Technology to your portfolios can decrease your overall portfolio volatility.