Hong Ke - Optivision Technology Deputy Branch
| 3666 Stock | TWD 29.55 0.40 1.34% |
Insider
Hong Ke is Deputy Branch of Optivision Technology
| Phone | 886 3 577 6686 |
| Web | https://www.optivtech.com |
Optivision Technology Management Efficiency
The company has return on total asset (ROA) of (0.0867) % which means that it has lost $0.0867 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1888) %, meaning that it generated substantial loss on money invested by shareholders. Optivision Technology's management efficiency ratios could be used to measure how well Optivision Technology manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | -0.19 | |||
| Return On Asset | -0.0867 |
Optivision Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Optivision Technology a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.19 | |||
| Return On Asset | -0.0867 | |||
| Profit Margin | (0.20) % | |||
| Operating Margin | (0.20) % | |||
| Current Valuation | (153.55 M) | |||
| Shares Outstanding | 5.29 K | |||
| Shares Owned By Insiders | 48.43 % | |||
| Price To Book | 0.0001 X | |||
| Price To Sales | 0.0001 X | |||
| Revenue | 1.73 B |
Pair Trading with Optivision Technology
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 Optivision 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 Optivision Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Optivision Stock
| 0.5 | 2454 | MediaTek | PairCorr |
| 0.48 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.47 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.46 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.41 | 2609 | Yang Ming Marine | PairCorr |
The ability to find closely correlated positions to Optivision 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 Optivision 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 Optivision 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 Optivision Technology to buy it.
The correlation of Optivision 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 Optivision Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Optivision 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 Optivision 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.Additional Tools for Optivision Stock Analysis
When running Optivision Technology's price analysis, check to measure Optivision 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 Optivision Technology is operating at the current time. Most of Optivision Technology's value examination focuses on studying past and present price action to predict the probability of Optivision 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 Optivision Technology's price. Additionally, you may evaluate how the addition of Optivision Technology to your portfolios can decrease your overall portfolio volatility.