Promise Technology Price To Sales vs. Total Debt
| 3057 Stock | TWD 11.90 0.05 0.42% |
For Promise Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Promise Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Promise Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Promise Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Promise Technology over time as well as its relative position and ranking within its peers.
Promise |
Promise Technology Total Debt vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Promise Technology's current stock value. Our valuation model uses many indicators to compare Promise Technology value to that of its competitors to determine the firm's financial worth. Promise Technology is rated below average in price to sales category among its peers. It is the top company in total debt category among its peers making up about 7,957,754 of Total Debt per Price To Sales. 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 Promise Technology's earnings, one of the primary drivers of an investment's value.Promise Total Debt vs. Price To Sales
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.
Promise Technology |
| = | 0.93 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.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Promise Technology |
| = | 7.38 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Promise Total Debt vs Competition
Promise Technology is the top company in total debt category among its peers. Total debt of Information Technology industry is presently estimated at about 538.05 Billion. Promise Technology adds roughly 7.38 Million in total debt claiming only tiny portion of equities under Information Technology industry.
Promise Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Promise Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Promise Technology will eventually generate negative long term returns. The profitability progress is the general direction of Promise Technology's change in net profit over the period of time. It can combine multiple indicators of Promise Technology, 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.
PROMISE Technology, Inc. develops storage solutions for the data center, surveillance, cloud, and rich media markets worldwide. PROMISE Technology, Inc. was founded in 1988 and is headquartered in Hsinchu, Taiwan. PROMISE TECHNOLOGY is traded on Taiwan Stock Exchange in Taiwan.
Promise Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Promise Technology. 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 Promise Technology 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 Promise Technology's important profitability drivers and their relationship over time.
Use Promise Technology 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 Promise 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 Promise Technology will appreciate offsetting losses from the drop in the long position's value.Promise Technology Pair Trading
Promise Technology Pair Trading Analysis
The ability to find closely correlated positions to Promise 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 Promise 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 Promise 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 Promise Technology to buy it.
The correlation of Promise 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 Promise Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Promise 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 Promise 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.Use Investing Themes to Complement your Promise Technology position
In addition to having Promise Technology 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 Munis Funds Thematic Idea Now
Munis Funds
Funds or Etfs that invest in fixed income securities issued by states, cities, and towns as well as other public entities. The Munis Funds theme has 38 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 Munis Funds Theme or any other thematic opportunities.
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Additional Tools for Promise Stock Analysis
When running Promise Technology's price analysis, check to measure Promise 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 Promise Technology is operating at the current time. Most of Promise Technology's value examination focuses on studying past and present price action to predict the probability of Promise 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 Promise Technology's price. Additionally, you may evaluate how the addition of Promise Technology to your portfolios can decrease your overall portfolio volatility.