Song Shang EBITDA vs. Price To Sales
| 6156 Stock | TWD 25.80 1.05 3.91% |
For Song Shang profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Song Shang to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Song Shang Electronics utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Song Shang's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Song Shang Electronics over time as well as its relative position and ranking within its peers.
Song |
Song Shang Electronics Price To Sales vs. EBITDA Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Song Shang's current stock value. Our valuation model uses many indicators to compare Song Shang value to that of its competitors to determine the firm's financial worth. Song Shang Electronics is number one stock in ebitda category among its peers. It also is number one stock in price to sales category among its peers . The ratio of EBITDA to Price To Sales for Song Shang Electronics is about 834,056,043 . 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 Song Shang's earnings, one of the primary drivers of an investment's value.Song Price To Sales vs. EBITDA
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Song Shang |
| = | 294.67 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
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.
Song Shang |
| = | 0.35 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.
Song Price To Sales Comparison
Song Shang is currently under evaluation in price to sales category among its peers.
Song Shang Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Song Shang, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Song Shang will eventually generate negative long term returns. The profitability progress is the general direction of Song Shang's change in net profit over the period of time. It can combine multiple indicators of Song Shang, 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.
Song Shang Electronics Co., Ltd. manufactures and sells magnetic components, printed circuit boards, and LED products. Song Shang Electronics Co., Ltd. was founded in 1988 and is based in New Taipei City, Taiwan. SONG SHANG operates under Electronic Components classification in Taiwan and is traded on Taiwan OTC Exchange.
Song Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Song Shang. 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 Song Shang 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 Song Shang's important profitability drivers and their relationship over time.
Use Song Shang 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 Song Shang 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 Song Shang will appreciate offsetting losses from the drop in the long position's value.Song Shang Pair Trading
Song Shang Electronics Pair Trading Analysis
The ability to find closely correlated positions to Song Shang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Song Shang 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 Song Shang - 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 Song Shang Electronics to buy it.
The correlation of Song Shang 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 Song Shang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Song Shang Electronics 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 Song Shang 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 Song Shang position
In addition to having Song Shang 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 Asset Allocation ETFs Thematic Idea Now
Asset Allocation ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Asset Allocation ETFs theme has 145 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 Asset Allocation ETFs Theme or any other thematic opportunities.
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Additional Tools for Song Stock Analysis
When running Song Shang's price analysis, check to measure Song Shang'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 Song Shang is operating at the current time. Most of Song Shang's value examination focuses on studying past and present price action to predict the probability of Song Shang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Song Shang's price. Additionally, you may evaluate how the addition of Song Shang to your portfolios can decrease your overall portfolio volatility.