Ase Industrial Holding Stock Filter Stocks by Fundamentals
| ASX Stock | USD 10.59 0.16 1.49% |
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 | Shares Owned by Institutions |
ASE Industrial Current Valuation Drivers
We derive many important indicators used in calculating different scores of ASE Industrial from analyzing ASE Industrial's financial statements. These drivers represent accounts that assess ASE Industrial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ASE Industrial's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 707.1B | 699.7B | 930.0B | 823.1B | 1.2T | 1.3T | |
| Enterprise Value | 861.9B | 851.4B | 1.1T | 959.6B | 1.4T | 1.4T |
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 Fundamentals
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.0367 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 174.49 B | ||||
| Shares Outstanding | 2.16 B | ||||
| Shares Owned By Institutions | 6.94 % | ||||
| Number Of Shares Shorted | 11.32 M | ||||
| Price To Earning | 12.08 X | ||||
| Price To Book | 2.56 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 | 1.41 X | ||||
| Earnings Per Share | 0.50 X | ||||
| Price To Earnings To Growth | 1.38 X | ||||
| Target Price | 10.61 | ||||
| Number Of Employees | 92.91 K | ||||
| Beta | 1.09 | ||||
| Market Capitalization | 23.22 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 | ||||
| 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.
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
| 0.86 | ENTG | Entegris Financial Report 9th of May 2024 | PairCorr |
| 0.85 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
Moving against ASE Stock
| 0.74 | III | Information Services Financial Report 13th of May 2024 | PairCorr |
| 0.73 | G | Genpact Limited Sell-off Trend | PairCorr |
| 0.68 | ACLS | Axcelis Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.63 | AEHR | Aehr Test Systems Financial Report 11th of July 2024 | PairCorr |
| 0.56 | ZD | Ziff Davis Financial Report 14th 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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 0.5 | 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.