China Television (Taiwan) Buy Hold or Sell Recommendation

9928 Stock  TWD 17.30  0.05  0.29%   
Assuming the 90 days trading horizon and your highly speculative risk level, our recommendation regarding China Television Co is 'Hold'. Macroaxis provides China Television buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding 9928 positions. The advice algorithm takes into account all of China Television's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting China Television's buy or sell advice are summarized below:
Real Value
19.25
Hype Value
17.3
Market Value
17.3
Naive Value
17.85
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell China Television Co given historical horizon and risk tolerance towards China Television. When Macroaxis issues a 'buy' or 'sell' recommendation for China Television Co, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out China Television Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as China and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards China Television Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Execute China Television Buy or Sell Advice

The China recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on China Television Co. Macroaxis does not own or have any residual interests in China Television Co or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute China Television's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell China TelevisionBuy China Television
Hold

Market Performance

Very WeakDetails

Volatility

Not too volatileDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon China Television Co has a Risk Adjusted Performance of (0.11), Jensen Alpha of (0.66), Total Risk Alpha of (1.15) and Treynor Ratio of (0.71)
Our trade advice tool can cross-verify current analyst consensus on China Television and to analyze the company potential to grow in the current economic cycle. To make sure China Television is not overpriced, please confirm all China Television fundamentals, including its operating margin, shares outstanding, price to earning, as well as the relationship between the current valuation and shares owned by insiders .

China Television Trading Alerts and Improvement Suggestions

China Television generated a negative expected return over the last 90 days
China Television has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
The company has accumulated 750 M in total debt with debt to equity ratio (D/E) of 472.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. China Television has a current ratio of 0.17, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist China Television until it has trouble settling it off, either with new capital or with free cash flow. So, China Television's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like China Television sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for China to invest in growth at high rates of return. When we think about China Television's use of debt, we should always consider it together with cash and equity.
The entity reported the revenue of 815.32 M. Net Loss for the year was (27.96 M) with profit before overhead, payroll, taxes, and interest of 64.97 M.
About 80.0% of China Television shares are owned by insiders or employees

China Television Returns Distribution Density

The distribution of China Television's historical returns is an attempt to chart the uncertainty of China Television's future price movements. The chart of the probability distribution of China Television daily returns describes the distribution of returns around its average expected value. We use China Television Co price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of China Television returns is essential to provide solid investment advice for China Television.
Mean Return
-0.55
Value At Risk
-4
Potential Upside
3.81
Standard Deviation
2.64
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of China Television historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

China Television Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to China Television or Media sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that China Television's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a China stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.66
β
Beta against NYSE Composite0.79
σ
Overall volatility
2.69
Ir
Information ratio -0.26

China Television Volatility Alert

China Television Co exhibits very low volatility with skewness of 0.52 and kurtosis of 5.1. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure China Television's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact China Television's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

China Television Fundamentals Vs Peers

Comparing China Television's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze China Television's direct or indirect competition across all of the common fundamentals between China Television and the related equities. This way, we can detect undervalued stocks with similar characteristics as China Television or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of China Television's fundamental indicators could also be used in its relative valuation, which is a method of valuing China Television by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare China Television to competition
FundamentalsChina TelevisionPeer Average
Return On Equity0.0078-0.31
Return On Asset-0.0112-0.14
Profit Margin0 %(1.27) %
Operating Margin(0.08) %(5.51) %
Current Valuation3.42 B16.62 B
Shares Outstanding60.72 M571.82 M
Shares Owned By Insiders80.49 %10.09 %
Price To Earning1.02 X28.72 X
Price To Book2.84 X9.51 X
Price To Sales1.36 X11.42 X
Revenue815.32 M9.43 B
Gross Profit64.97 M27.38 B
EBITDA100.99 M3.9 B
Net Income(27.96 M)570.98 M
Cash And Equivalents127.72 M2.7 B
Cash Per Share0.85 X5.01 X
Total Debt750 M5.32 B
Debt To Equity472.70 %48.70 %
Current Ratio0.17 X2.16 X
Book Value Per Share6.90 X1.93 K
Cash Flow From Operations69.58 M971.22 M
Earnings Per Share(0.19) X3.12 X
Number Of Employees3018.84 K
Beta0.62-0.15
Market Capitalization1.27 B19.03 B
Total Asset3.66 B29.47 B
Retained Earnings(686 M)9.33 B
Working Capital(2.35 B)1.48 B
Current Asset540 M9.34 B
Current Liabilities2.89 B7.9 B
Z Score0.68.72
Net Asset3.66 B

China Television Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as China . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About China Television Buy or Sell Advice

When is the right time to buy or sell China Television Co? Buying financial instruments such as China Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having China Television 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 Obamacare Thematic Idea Now

Obamacare
Obamacare Theme
Health care services and providers including hospitals, clinics and nursing homes that hope to benefit from Obamacare program. The Obamacare theme has 37 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 Obamacare Theme or any other thematic opportunities.
View All  Next Launch
Check out China Television Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for China Stock analysis

When running China Television's price analysis, check to measure China Television'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 China Television is operating at the current time. Most of China Television's value examination focuses on studying past and present price action to predict the probability of China Television's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Television's price. Additionally, you may evaluate how the addition of China Television to your portfolios can decrease your overall portfolio volatility.
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Equity Valuation
Check real value of public entities based on technical and fundamental data
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Please note, there is a significant difference between China Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Television's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.