Depo Auto Shares Outstanding vs. Cash Per Share
| 6605 Stock | TWD 222.50 2.00 0.91% |
For Depo Auto profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Depo Auto to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Depo Auto Parts utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Depo Auto's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Depo Auto Parts over time as well as its relative position and ranking within its peers.
Depo |
Depo Auto Parts Cash Per Share vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Depo Auto's current stock value. Our valuation model uses many indicators to compare Depo Auto value to that of its competitors to determine the firm's financial worth. Depo Auto Parts is rated fifth in shares outstanding category among its peers. It is rated fourth in cash per share category among its peers . The ratio of Shares Outstanding to Cash Per Share for Depo Auto Parts is about 10,629,231 . 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 Depo Auto's earnings, one of the primary drivers of an investment's value.Depo Cash Per Share vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Depo Auto |
| = | 165.82 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Depo Auto |
| = | 15.60 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Depo Cash Per Share Comparison
Depo Auto is currently under evaluation in cash per share category among its peers.
Depo Auto Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Depo Auto, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Depo Auto will eventually generate negative long term returns. The profitability progress is the general direction of Depo Auto's change in net profit over the period of time. It can combine multiple indicators of Depo Auto, 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.
Depo Auto Parts Industrial Co., Ltd. manufactures and sells automotive lighting products worldwide. Depo Auto Parts Industrial Co., Ltd. was founded in 1977 and is based in Taipei, Taiwan. DEPO AUTO operates under Auto Parts classification in Taiwan and is traded on Taiwan Stock Exchange.
Depo Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Depo Auto. 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 Depo Auto 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 Depo Auto's important profitability drivers and their relationship over time.
Use Depo Auto 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 Depo Auto 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 Depo Auto will appreciate offsetting losses from the drop in the long position's value.Depo Auto Pair Trading
Depo Auto Parts Pair Trading Analysis
The ability to find closely correlated positions to Depo Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Depo Auto 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 Depo Auto - 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 Depo Auto Parts to buy it.
The correlation of Depo Auto 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 Depo Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Depo Auto Parts 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 Depo Auto 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 Depo Auto position
In addition to having Depo Auto 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 Depo Stock Analysis
When running Depo Auto's price analysis, check to measure Depo Auto'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 Depo Auto is operating at the current time. Most of Depo Auto's value examination focuses on studying past and present price action to predict the probability of Depo Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Depo Auto's price. Additionally, you may evaluate how the addition of Depo Auto to your portfolios can decrease your overall portfolio volatility.