Mirle Automation Price To Book vs. Revenue
| 2464 Stock | TWD 78.00 0.60 0.78% |
For Mirle Automation profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Mirle Automation to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Mirle Automation Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Mirle Automation's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Mirle Automation Corp over time as well as its relative position and ranking within its peers.
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Mirle Automation Corp Revenue vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Mirle Automation's current stock value. Our valuation model uses many indicators to compare Mirle Automation value to that of its competitors to determine the firm's financial worth. Mirle Automation Corp is number one stock in price to book category among its peers. It also is the top company in revenue category among its peers totaling about 5,595,439,741 of Revenue per Price To Book. 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 Mirle Automation's earnings, one of the primary drivers of an investment's value.Mirle Revenue vs. Price To Book
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.
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| = | 1.76 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.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Mirle Automation |
| = | 9.86 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Mirle Revenue vs Competition
Mirle Automation Corp is the top company in revenue category among its peers. Market size based on revenue of Industrials industry is presently estimated at about 112.01 Billion. Mirle Automation holds roughly 9.86 Billion in revenue claiming about 9% of equities under Industrials industry.
Mirle Automation Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Mirle Automation, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Mirle Automation will eventually generate negative long term returns. The profitability progress is the general direction of Mirle Automation's change in net profit over the period of time. It can combine multiple indicators of Mirle Automation, 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.
Mirle Automation Corporation manufactures and sells automation system integrators and related products. Mirle Automation Corporation was founded in 1989 and is headquartered in Hsinchu, Taiwan. MIRLE AUTOMATION operates under Consumer Electronics classification in Taiwan and is traded on Taiwan Stock Exchange.
Mirle Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Mirle Automation. 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 Mirle Automation 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 Mirle Automation's important profitability drivers and their relationship over time.
Use Mirle Automation 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 Mirle Automation 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 Mirle Automation will appreciate offsetting losses from the drop in the long position's value.Mirle Automation Pair Trading
Mirle Automation Corp Pair Trading Analysis
The ability to find closely correlated positions to Mirle Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mirle Automation 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 Mirle Automation - 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 Mirle Automation Corp to buy it.
The correlation of Mirle Automation 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 Mirle Automation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirle Automation Corp 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 Mirle Automation 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 Mirle Automation position
In addition to having Mirle Automation 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 Mirle Stock Analysis
When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.