Cheng Competitors

2105 Stock

TWD 50.60 0.20 0.40%

Cheng Shin Rubber competes with Uni President, Formosa Chemicals, Asia Cement, Pou Chen, and President Chain; as well as few others. The company operates under Auto Components sector and is part of Consumer Discretionary industry. Analyzing Cheng Shin competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Cheng Shin to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Cheng Shin Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Cheng Shin competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
48.16	50.40	52.64

Details

Intrinsic

Valuation

Low	Real	High
39.77	42.01	55.44

Details

Cheng Shin Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Cheng Shin and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Cheng and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Cheng Shin Rubber does not affect the price movement of the other competitor.

	1216	1326	1102	9904	2912
1216		-0.07	0.59	0.08	0.44	1216
1326	-0.07		0.42	-0.7	0.66	1326
1102	0.59	0.42		-0.17	0.42	1102
9904	0.08	-0.7	-0.17		-0.72	9904
2912	0.44	0.66	0.42	-0.72		2912
	1216	1326	1102	9904	2912

Click cells to compare fundamentals

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Backtest Portfolio

High positive correlations

2912	+ 0.66	1326
1102	+ 0.59	1216
2912	+ 0.44	1216
1102	+ 0.42	1326
2912	+ 0.42	1102
9904	+ 0.08	1216

High negative correlations

2912	- 0.72	9904
9904	- 0.7	1326
9904	- 0.17	1102
1326	- 0.07	1216

Risk-Adjusted Indicators

There is a big difference between Cheng Stock performing well and Cheng Shin Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cheng Shin's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
1216	0.88	0.04	(0.08)	(16.38)	0.88	(1.09)	1.93	(1.66)	5.71
1326	1.48	(0.37)	0.00	(1.86)	0.00	0.00	3.17	(3.00)	8.89
1102	0.78	(0.12)	0.00	(0.53)	0.00	0.00	1.33	(1.96)	5.61
9904	1.13	0.28	0.13	(3.29)	0.99	(1.44)	2.71	(1.60)	8.24
2912	0.84	(0.12)	0.00	(2.11)	0.00	0.00	1.65	(1.75)	8.53

Unable to evaluate fundamental data of [1216.TW, 1326.TW, 1102.TW, 9904.TW, 2912.TW] at this time. Please try again later

All Fundamental Data

Cheng Shin Competitive Analysis

The better you understand Cheng Shin competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Cheng Shin's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Cheng Shin's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	2105	1216	1326	1102	9904	2912
	0.40 50.60 Cheng	1.63 84.50 Uni	2.73 33.85 Formosa	0.59 42.05 Asia	0.48 41.15 Pou	0.18 270.50 President
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weak	Modest	Very Weak	Very Weak	Good	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Below Average	Low	Below Average
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Cautious Hold	Cautious Hold	Hold	Sell	Cautious Hold
Current Ratio	1.43 X	1.03 X	2.67 X	1.31 X	1.57 X	0.92 X
Net Asset	149.72 B	514.04 B	598.35 B	317.06 B	366.89 B	214.5 B
Profit Margin	0.05 %	0.04 %	0.05 %	0.17 %	0.07 %	0.03 %
EBITDA	18.93 B	71.58 B	69.2 B	27.76 B	35.8 B	34.42 B
Operating Margin	0.07 %	0.06 %	0.01 %	0.14 %	0.03 %	0.04 %
Current Valuation	135.29 B	468.48 B	425.8 B	187.16 B	141.31 B	337.29 B
Price To Book	1.34 X	3.06 X	1.23 X	1.11 X	1.34 X	8.21 X
Retained Earnings	56.16 B	30.62 B	N/A	91.75 B	47.83 B	13.67 B
Current Asset	55.16 B	147.13 B	N/A	48.45 B	145.62 B	54.42 B
Five Year Return	4.79 %	3.71 %	4.12 %	4.44 %	3.86 %	3.77 %
Beta	0.62	0.19	0.53	0.51	0.81	-0.0118
Number Of Employees	41	54	60	51	317.24 K	41
Shares Outstanding	3.24 B	5.68 B	5.85 B	3.55 B	2.95 B	1.04 B
Cash Flow From Operations	15.5 B	56.35 B	38.73 B	8.6 B	12.63 B	35.98 B
Annual Yield	0.04 %	0.04 %	0.07 %	0.08 %	0.05 %	0.03 %
Total Debt	28.77 B	60.36 B	62.68 B	52.18 B	56.39 B	963.42 M
Return On Equity	0.0608	0.15	0.0518	0.0918	0.12	0.27
Z Score	1.8	3.6	3.6	1.2	0.6	N/A
Return On Asset	0.0297	0.0349	0.0035	0.0249	0.0148	0.0358
Book Value Per Share	25.71 X	21.57 X	58.30 X	45.55 X	24.72 X	33.26 X
Current Liabilities	39.65 B	159.12 B	N/A	58.89 B	82.02 B	56.57 B
Total Asset	149.72 B	514.04 B	598.35 B	317.06 B	366.89 B	214.5 B
Debt To Equity	86.10 %	90.20 %	21.00 %	59.10 %	60.10 %	137.40 %
Target Price	37.33	71.82	63.5	43.29	40.15	296.0
Last Dividend Paid	1.2	2.7	4.8	3.4	1.5	9.0
Shares Owned By Institutions	11.08 %	31.73 %	9.70 %	17.89 %	23.00 %	25.59 %
Market Capitalization	110.86 B	381.83 B	417.62 B	149.82 B	101.22 B	280.18 B
Price To Earning	39.03 X	22.87 X	12.64 X	11.21 X	8.75 X	28.04 X
Price To Earnings To Growth	(1.22) X	3.76 X	(12.35) X	0.89 X	N/A	3.45 X
Price To Sales	1.11 X	0.73 X	1.07 X	1.59 X	0.37 X	1.00 X
Net Income	5.27 B	19.88 B	38.36 B	15.07 B	14.44 B	8.86 B
Earnings Per Share	1.52 X	3.15 X	3.15 X	4.64 X	5.86 X	9.25 X
Shares Owned By Insiders	48.73 %	11.59 %	41.62 %	33.47 %	20.72 %	48.95 %
Revenue	101.54 B	473.5 B	365.81 B	89.65 B	239.88 B	262.74 B
Working Capital	15.51 B	(11.99 B)	N/A	(10.44 B)	63.6 B	(2.15 B)
Cash And Equivalents	27.8 B	105.39 B	136.71 B	46.85 B	53.81 B	51.34 B
Cash Per Share	8.58 X	18.55 X	23.43 X	13.94 X	18.28 X	49.38 X
Gross Profit	22.39 B	156.11 B	53.44 B	21.18 B	58.22 B	88.12 B
Day Typical Price	50.67	84.93	34.0	42.02	41.08	270.17
Accumulation Distribution	240925.0	112924.0	212303.0	58379.88	142508.0	24740.46
Daily Balance Of Power	0.1111	(1.08)	(1.73)	(0.62)	(0.33)	(0.12)
Period Momentum Indicator	0.2	(1.40)	(0.95)	(0.25)	(0.20)	(0.50)
Rate Of Daily Change	1.0	0.98	0.97	0.99	1.0	1.0
Day Median Price	50.7	85.15	34.08	42.0	41.05	270.0
Price Action Indicator	N/A	(1.35)	(0.70)	(0.07)	N/A	0.25
Coefficient Of Variation	7572.24	2205.32	(601.07)	(1,245)	539.91	(1,204)
Mean Deviation	1.36	0.879	1.48	0.7777	1.13	0.8437
Jensen Alpha	0.0469	0.0412	(0.37)	(0.12)	0.2778	(0.12)
Total Risk Alpha	(0.31)	(0.13)	(0.65)	(0.25)	0.0421	(0.30)
Sortino Ratio	(0.06)	(0.08)	N/A	N/A	0.1257	N/A
Downside Variance	3.02	0.9517	N/A	N/A	1.48	N/A
Standard Deviation	2.19	1.12	2.02	1.06	1.5	1.24
Kurtosis	8.11	0.3487	1.03	0.644	1.87	9.48
Potential Upside	2.56	1.93	3.17	1.33	2.71	1.65
Treynor Ratio	(0.08)	(16.38)	(1.86)	(0.53)	(3.29)	(2.11)
Maximum Drawdown	13.45	5.71	8.89	5.61	8.24	8.53
Variance	4.78	1.26	4.09	1.12	2.26	1.53
Market Risk Adjusted Performance	(0.07)	(16.37)	(1.85)	(0.52)	(3.28)	(2.10)
Risk Adjusted Performance	0.0166	0.0379	(0.12)	(0.06)	0.1468	(0.06)
Skewness	2.18	0.6457	0.3618	(0.05)	0.7748	(2.01)
Semi Deviation	1.54	0.8779	N/A	N/A	0.9857	N/A
Information Ratio	(0.04)	(0.07)	(0.23)	(0.20)	0.1018	(0.18)
Value At Risk	(2.81)	(1.66)	(3.00)	(1.96)	(1.60)	(1.75)
Expected Short fall	(1.69)	(1.09)	N/A	N/A	(1.44)	N/A
Downside Deviation	1.74	0.9755	N/A	N/A	1.22	N/A
Semi Variance	2.36	0.7708	N/A	N/A	0.9716	N/A

Cheng Shin Competition Performance Charts

Five steps to successful analysis of Cheng Shin Competition

Cheng Shin's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Cheng Shin Rubber in relation to its competition. Cheng Shin's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Cheng Shin in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Cheng Shin's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Cheng Shin Rubber, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Cheng Shin position

In addition to having Cheng Shin 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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Additional Tools for Cheng Stock Analysis

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

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