Advanced Echem Materials Stock Current Valuation
| 4749 Stock | 679.00 11.00 1.59% |
Valuation analysis of Advanced Echem Materials helps investors to measure Advanced Echem's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Advanced Echem Materials Company Current Valuation Analysis
Advanced Echem's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
In accordance with the recently published financial statements, Advanced Echem Materials has a Current Valuation of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Current Valuation (which currently averages 0.0) industry. This indicator is about the same for all Taiwan stocks average (which is currently at 0.0).
Advanced Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advanced Echem's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advanced Echem could also be used in its relative valuation, which is a method of valuing Advanced Echem by comparing valuation metrics of similar companies.Advanced Echem is currently under evaluation in current valuation category among its peers.
About Advanced Echem Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Advanced Echem Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advanced Echem using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advanced Echem Materials based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Advanced Echem
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 Advanced Echem 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 Advanced Echem will appreciate offsetting losses from the drop in the long position's value.Moving together with Advanced Stock
Moving against Advanced Stock
| 0.61 | 1584 | S Tech Corp | PairCorr |
| 0.6 | 2303 | United Microelectronics | PairCorr |
| 0.59 | 2412 | Chunghwa Telecom | PairCorr |
| 0.45 | 6689 | eCloudvalley Digital | PairCorr |
| 0.41 | 8227 | Progate Group | PairCorr |
The ability to find closely correlated positions to Advanced Echem could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Echem 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 Advanced Echem - 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 Advanced Echem Materials to buy it.
The correlation of Advanced Echem 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 Advanced Echem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Echem Materials 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 Advanced Echem 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 Advanced Stock Analysis
When running Advanced Echem's price analysis, check to measure Advanced Echem'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 Advanced Echem is operating at the current time. Most of Advanced Echem's value examination focuses on studying past and present price action to predict the probability of Advanced Echem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Echem's price. Additionally, you may evaluate how the addition of Advanced Echem to your portfolios can decrease your overall portfolio volatility.