Mirle Automation Shares Owned By Institutions vs. Shares Outstanding

2464 Stock  TWD 77.80  2.90  3.87%   
Considering Mirle Automation's profitability and operating efficiency indicators, Mirle Automation Corp may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Mirle Automation's ability to earn profits and add value for shareholders.
For Mirle Automation profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mirle Automation to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mirle Automation Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mirle Automation's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mirle Automation Corp over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Mirle Automation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mirle Automation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirle Automation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Mirle Automation Corp Shares Outstanding vs. Shares Owned By Institutions Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Mirle Automation's current stock value. Our valuation model uses many indicators to compare Mirle Automation value to that of its competitors to determine the firm's financial worth.
Mirle Automation Corp is number one stock in shares owned by institutions category among its peers. It also is number one stock in shares outstanding category among its peers creating about  86,518,145  of Shares Outstanding per Shares Owned By Institutions. 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 Mirle Automation's earnings, one of the primary drivers of an investment's value.

Mirle Shares Outstanding vs. Shares Owned By Institutions

Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

Mirle Automation

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
2.26 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Mirle Automation

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
195.53 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Mirle Shares Outstanding Comparison

Mirle Automation is currently under evaluation in shares outstanding category among its peers.

Mirle Automation Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Mirle Automation, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mirle Automation will eventually generate negative long term returns. The profitability progress is the general direction of Mirle Automation's change in net profit over the period of time. It can combine multiple indicators of Mirle Automation, 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.
Mirle Automation Corporation manufactures and sells automation system integrators and related products. Mirle Automation Corporation was founded in 1989 and is headquartered in Hsinchu, Taiwan. MIRLE AUTOMATION operates under Consumer Electronics classification in Taiwan and is traded on Taiwan Stock Exchange.

Mirle Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Mirle Automation. 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 Mirle Automation 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 Mirle Automation's important profitability drivers and their relationship over time.

Use Mirle Automation 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 Mirle Automation 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 Mirle Automation will appreciate offsetting losses from the drop in the long position's value.

Mirle Automation Pair Trading

Mirle Automation Corp Pair Trading Analysis

The ability to find closely correlated positions to Mirle Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirle Automation 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 Mirle Automation - 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 Mirle Automation Corp to buy it.
The correlation of Mirle Automation 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 Mirle Automation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirle Automation Corp 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 Mirle Automation 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Mirle Automation position

In addition to having Mirle Automation 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.

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Run Basic Utilities Thematic Idea Now

Basic Utilities
Basic Utilities Theme
Companies involved in production and distribution of electric, gas, water, and other energy utilities. The Basic Utilities theme has 46 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 Basic Utilities Theme or any other thematic opportunities.
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Additional Tools for Mirle Stock Analysis

When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.