ASE Short Term Coverage Ratios from 2010 to 2024

ASX Stock  USD 9.94  0.03  0.30%   
ASE Industrial Short Term Coverage Ratios yearly trend continues to be fairly stable with very little volatility. Short Term Coverage Ratios will likely drop to 1.14 in 2024. During the period from 2010 to 2024, ASE Industrial Short Term Coverage Ratios regression line of annual values had r-squared of  0.44 and arithmetic mean of  1.26. View All Fundamentals
 
Short Term Coverage Ratios  
First Reported
2010-12-31
Previous Quarter
1.50944732
Current Value
1.14
Quarterly Volatility
0.35815396
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ASE Industrial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ASE main balance sheet or income statement drivers, such as Depreciation And Amortization of 30.6 B, Interest Expense of 6.7 B or Selling General Administrative of 10.4 B, as well as many exotic indicators such as Price To Sales Ratio of 1.76, Dividend Yield of 0.0377 or PTB Ratio of 2.68. ASE financial statements analysis is a perfect complement when working with ASE Industrial Valuation or Volatility modules.
  
This module can also supplement ASE Industrial's financial leverage analysis and stock options assessment as well as various ASE Industrial Technical models . Check out the analysis of ASE Industrial Correlation against competitors.

Latest ASE Industrial's Short Term Coverage Ratios Growth Pattern

Below is the plot of the Short Term Coverage Ratios of ASE Industrial Holding over the last few years. It is ASE Industrial's Short Term Coverage Ratios historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ASE Industrial's overall financial position and show how it may be relating to other accounts over time.
Short Term Coverage Ratios10 Years Trend
Slightly volatile
   Short Term Coverage Ratios   
       Timeline  

ASE Short Term Coverage Ratios Regression Statistics

Arithmetic Mean1.26
Geometric Mean1.22
Coefficient Of Variation28.31
Mean Deviation0.30
Median1.21
Standard Deviation0.36
Sample Variance0.13
Range1.2312
R-Value0.66
Mean Square Error0.08
R-Squared0.44
Significance0.01
Slope0.05
Total Sum of Squares1.80

ASE Short Term Coverage Ratios History

2024 1.14
2023 1.51
2022 1.95
2021 1.47
2020 1.64
2019 1.69
2018 0.94

About ASE Industrial Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include ASE Industrial income statement, its balance sheet, and the statement of cash flows. ASE Industrial investors use historical funamental indicators, such as ASE Industrial's Short Term Coverage Ratios, to determine how well the company is positioned to perform in the future. Although ASE Industrial investors may use each financial statement separately, they are all related. The changes in ASE Industrial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ASE Industrial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ASE Industrial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ASE Industrial. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Short Term Coverage Ratios 1.51  1.14 

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

  0.75FORM FormFactorPairCorr

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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.
Pair CorrelationCorrelation Matching
When determining whether ASE Industrial Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASE Industrial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ase Industrial Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ase Industrial Holding Stock:
Check out the analysis of ASE Industrial Correlation against competitors.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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
(0.02)
Earnings Share
0.49
Revenue Per Share
271.252
Quarterly Revenue Growth
0.015
Return On Assets
0.037
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.