Globaltek Fabrication Net Income vs. Price To Book
| 4566 Stock | TWD 73.00 4.60 5.93% |
For Globaltek Fabrication profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Globaltek Fabrication to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Globaltek Fabrication Co utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Globaltek Fabrication's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Globaltek Fabrication Co over time as well as its relative position and ranking within its peers.
Globaltek |
Globaltek Fabrication Price To Book vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Globaltek Fabrication's current stock value. Our valuation model uses many indicators to compare Globaltek Fabrication value to that of its competitors to determine the firm's financial worth. Globaltek Fabrication Co is number one stock in net income category among its peers. It also is number one stock in price to book category among its peers . The ratio of Net Income to Price To Book for Globaltek Fabrication Co is about 126,232,685 . 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 Globaltek Fabrication's earnings, one of the primary drivers of an investment's value.Globaltek Price To Book vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Globaltek Fabrication |
| = | 166.77 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Globaltek Fabrication |
| = | 1.32 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Globaltek Price To Book Comparison
Globaltek Fabrication is currently under evaluation in price to book category among its peers.
Globaltek Fabrication Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Globaltek Fabrication, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Globaltek Fabrication will eventually generate negative long term returns. The profitability progress is the general direction of Globaltek Fabrication's change in net profit over the period of time. It can combine multiple indicators of Globaltek Fabrication, 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.
GLOBAL TEK FABRICATION CO., Ltd. manufactures and sells precision parts and subassemblies. The company was founded in 2000 and is headquartered in New Taipei City, Taiwan. GLOBALTEK FABRICATION operates under Specialty Industrial Machinery classification in Taiwan and is traded on Taiwan Stock Exchange.
Globaltek Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Globaltek Fabrication. 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 Globaltek Fabrication 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 Globaltek Fabrication's important profitability drivers and their relationship over time.
Use Globaltek Fabrication 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 Globaltek Fabrication 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 Globaltek Fabrication will appreciate offsetting losses from the drop in the long position's value.Globaltek Fabrication Pair Trading
Globaltek Fabrication Co Pair Trading Analysis
The ability to find closely correlated positions to Globaltek Fabrication could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globaltek Fabrication 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 Globaltek Fabrication - 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 Globaltek Fabrication Co to buy it.
The correlation of Globaltek Fabrication 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 Globaltek Fabrication moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globaltek Fabrication 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 Globaltek Fabrication 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 Globaltek Fabrication position
In addition to having Globaltek Fabrication 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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Additional Tools for Globaltek Stock Analysis
When running Globaltek Fabrication's price analysis, check to measure Globaltek Fabrication'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 Globaltek Fabrication is operating at the current time. Most of Globaltek Fabrication's value examination focuses on studying past and present price action to predict the probability of Globaltek Fabrication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globaltek Fabrication's price. Additionally, you may evaluate how the addition of Globaltek Fabrication to your portfolios can decrease your overall portfolio volatility.