Taitron Other Assets from 2010 to 2024
| TAIT Stock | USD 3.00 0.13 4.53% |
Other Assets | First Reported 2000-03-31 | Previous Quarter 2.2 M | Current Value 2.1 M | Quarterly Volatility 541.3 K |
Check Taitron Components financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Taitron main balance sheet or income statement drivers, such as Depreciation And Amortization of 202 K, Interest Expense of 184.2 K or Total Revenue of 10.8 M, as well as many exotic indicators such as Price To Sales Ratio of 3.64, Dividend Yield of 0.0435 or PTB Ratio of 1.26. Taitron financial statements analysis is a perfect complement when working with Taitron Components Valuation or Volatility modules.
Taitron | Other Assets |
Latest Taitron Components' Other Assets Growth Pattern
Below is the plot of the Other Assets of Taitron Components Incorporated over the last few years. It is Taitron Components' Other Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Taitron Components' overall financial position and show how it may be relating to other accounts over time.
| Other Assets | 10 Years Trend |
|
Other Assets |
| Timeline |
Taitron Other Assets Regression Statistics
| Arithmetic Mean | 91,019 | |
| Geometric Mean | 27,291 | |
| Coefficient Of Variation | 201.56 | |
| Mean Deviation | 118,792 | |
| Median | 22,000 | |
| Standard Deviation | 183,460 | |
| Sample Variance | 33.7B | |
| Range | 682K | |
| R-Value | (0.26) | |
| Mean Square Error | 33.7B | |
| R-Squared | 0.07 | |
| Significance | 0.34 | |
| Slope | (10,865) | |
| Total Sum of Squares | 471.2B |
Taitron Other Assets History
About Taitron Components Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Taitron Components income statement, its balance sheet, and the statement of cash flows. Taitron Components investors use historical funamental indicators, such as Taitron Components's Other Assets, to determine how well the company is positioned to perform in the future. Although Taitron Components investors may use each financial statement separately, they are all related. The changes in Taitron Components's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Taitron Components'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 Taitron Components Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Taitron Components. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Assets | 6.3 K | 6 K |
Pair Trading with Taitron Components
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 Taitron Components 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 Taitron Components will appreciate offsetting losses from the drop in the long position's value.Moving against Taitron Stock
| 0.59 | SNX | Synnex Financial Report 25th of June 2024 | PairCorr |
| 0.56 | SNPO | Snap One Holdings | PairCorr |
| 0.5 | AVT | Avnet Inc Fiscal Year End 21st of August 2024 | PairCorr |
| 0.41 | ARW | Arrow Electronics | PairCorr |
| 0.41 | BB | BlackBerry Financial Report 26th of June 2024 | PairCorr |
The ability to find closely correlated positions to Taitron Components could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taitron Components 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 Taitron Components - 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 Taitron Components Incorporated to buy it.
The correlation of Taitron Components 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 Taitron Components moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taitron Components 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 Taitron Components 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 the analysis of Taitron Components Correlation against competitors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Taitron Stock analysis
When running Taitron Components' price analysis, check to measure Taitron Components' 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 Taitron Components is operating at the current time. Most of Taitron Components' value examination focuses on studying past and present price action to predict the probability of Taitron Components' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taitron Components' price. Additionally, you may evaluate how the addition of Taitron Components to your portfolios can decrease your overall portfolio volatility.
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Is Taitron Components' 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 Taitron Components. If investors know Taitron 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 Taitron Components 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 2.41 | Dividend Share 0.2 | Earnings Share 0.31 | Revenue Per Share 1.017 | Quarterly Revenue Growth (0.46) |
The market value of Taitron Components is measured differently than its book value, which is the value of Taitron that is recorded on the company's balance sheet. Investors also form their own opinion of Taitron Components' value that differs from its market value or its book value, called intrinsic value, which is Taitron Components' 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 Taitron Components' market value can be influenced by many factors that don't directly affect Taitron Components' 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 Taitron Components' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taitron Components is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taitron Components' 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.