Ase Industrial Holding Stock Beta
ASX Stock | USD 10.99 0.01 0.09% |
ASE Industrial Holding fundamentals help investors to digest information that contributes to ASE Industrial's financial success or failures. It also enables traders to predict the movement of ASE Stock. The fundamental analysis module provides a way to measure ASE Industrial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ASE Industrial stock.
ASE | Beta |
ASE Beta Analysis
ASE Industrial's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
More About Beta | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 219.8B | 194.6B | 179.2B | 109.0B | Total Assets | 672.9B | 707.1B | 666.6B | 699.9B |
Beta | = | CovarianceVariance |
Current ASE Industrial Beta | 1.08 |
Most of ASE Industrial's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ASE Industrial Holding is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ASE Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for ASE Industrial is extremely important. It helps to project a fair market value of ASE Stock properly, considering its historical fundamentals such as Beta. Since ASE Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ASE Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ASE Industrial's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
In accordance with the recently published financial statements, ASE Industrial Holding has a Beta of 1.084. This is 2.26% higher than that of the Semiconductors & Semiconductor Equipment sector and about the same as Information Technology (which currently averages 1.09) industry. The beta for all United States stocks is notably lower than that of the firm.
ASE Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ASE Industrial's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ASE Industrial could also be used in its relative valuation, which is a method of valuing ASE Industrial by comparing valuation metrics of similar companies.ASE Industrial is currently under evaluation in beta category among related companies.
ASE Industrial Institutional Holders
Institutional Holdings refers to the ownership stake in ASE Industrial that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ASE Industrial's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ASE Industrial's value.Shares | Rafferty Asset Management, Llc | 2023-12-31 | 3.9 M | Cullen Capital Management, Llc | 2023-12-31 | 2.9 M | Envestnet Asset Management Inc | 2023-12-31 | 2.7 M | Grantham, Mayo, Van Otterloo & Co., Llc | 2023-12-31 | 2.6 M | Natixis Advisors, Llc. | 2023-12-31 | 2.4 M | Barclays Plc | 2023-12-31 | 2.4 M | Sei Investments Co | 2023-12-31 | 1.9 M | American Century Companies Inc | 2023-12-31 | 1.7 M | Crossmark Global Holdings, Inc. | 2023-12-31 | 1.7 M | Lazard Asset Management Llc | 2023-12-31 | 20.7 M | Fisher Asset Management, Llc | 2023-12-31 | 17.3 M |
ASE Industrial returns are very sensitive to returns on the market. As the market goes up or down, ASE Industrial is expected to follow.
ASE Fundamentals
Return On Equity | 0.11 | ||||
Return On Asset | 0.0367 | ||||
Profit Margin | 0.05 % | ||||
Operating Margin | 0.07 % | ||||
Current Valuation | 24.72 B | ||||
Shares Outstanding | 2.16 B | ||||
Shares Owned By Institutions | 7.05 % | ||||
Number Of Shares Shorted | 8.71 M | ||||
Price To Earning | 12.08 X | ||||
Price To Book | 2.54 X | ||||
Price To Sales | 0.04 X | ||||
Revenue | 581.91 B | ||||
Gross Profit | 134.93 B | ||||
EBITDA | 98.43 B | ||||
Net Income | 31.73 B | ||||
Cash And Equivalents | 10.4 B | ||||
Cash Per Share | 36.85 X | ||||
Total Debt | 179.22 B | ||||
Debt To Equity | 0.74 % | ||||
Current Ratio | 1.18 X | ||||
Book Value Per Share | 69.06 X | ||||
Cash Flow From Operations | 105.97 B | ||||
Short Ratio | 1.48 X | ||||
Earnings Per Share | 0.45 X | ||||
Price To Earnings To Growth | 1.38 X | ||||
Target Price | 10.61 | ||||
Number Of Employees | 92.91 K | ||||
Beta | 1.08 | ||||
Market Capitalization | 23.71 B | ||||
Total Asset | 666.58 B | ||||
Retained Earnings | 95.81 B | ||||
Working Capital | 78.11 B | ||||
Current Asset | 156.73 B | ||||
Current Liabilities | 122.7 B | ||||
Z Score | 1.78 | ||||
Annual Yield | 0.05 % | ||||
Five Year Return | 3.37 % | ||||
Net Asset | 666.58 B |
About ASE Industrial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ASE Industrial Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASE Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASE Industrial Holding 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.ASE Technology Holding Co., Ltd. provides a range of semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally. The company was incorporated in 1984 and is headquartered in Kaohsiung, Taiwan. Ase Industrial operates under Semiconductors classification in the United States and is traded on New York Stock Exchange. It employs 97800 people.
ASE Industrial Investors Sentiment
The influence of ASE Industrial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ASE. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ASE Industrial's public news can be used to forecast risks associated with an investment in ASE. The trend in average sentiment can be used to explain how an investor holding ASE can time the market purely based on public headlines and social activities around ASE Industrial Holding. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ASE Industrial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ASE Industrial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ASE Industrial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ASE Industrial.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ASE Industrial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ASE Industrial's short interest history, or implied volatility extrapolated from ASE Industrial options trading.
Pair Trading with ASE Industrial
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 ASE Industrial 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 ASE Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with ASE Stock
0.77 | MU | Micron Technology Aggressive Push | PairCorr |
Moving against ASE Stock
0.84 | MX | MagnaChip Semiconductor Financial Report 1st of May 2024 | PairCorr |
0.83 | WISA | WiSA Technologies | PairCorr |
0.77 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
0.73 | NVTS | Navitas Semiconductor Financial Report 20th of May 2024 | PairCorr |
0.65 | MRAM | Everspin Technologies Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to ASE Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASE Industrial 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 ASE Industrial - 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 ASE Industrial Holding to buy it.
The correlation of ASE Industrial 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 ASE Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASE Industrial Holding 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 ASE Industrial 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.Check out ASE Industrial Piotroski F Score and ASE Industrial Altman Z Score analysis. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for ASE Stock analysis
When running ASE Industrial's price analysis, check to measure ASE Industrial'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 ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.
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Is ASE Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASE Industrial. If investors know ASE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASE Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Earnings Share 0.45 | Revenue Per Share 270.918 | Quarterly Revenue Growth (0.1) | Return On Assets 0.0367 |
The market value of ASE Industrial Holding is measured differently than its book value, which is the value of ASE that is recorded on the company's balance sheet. Investors also form their own opinion of ASE Industrial's value that differs from its market value or its book value, called intrinsic value, which is ASE Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASE Industrial's market value can be influenced by many factors that don't directly affect ASE Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASE Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASE Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASE Industrial'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.