Formosa Competitors

Stocks . Taiwan . 
Stock . Formosa Taffeta Co
1434 Stock  TWD 19.25  0.40  2.04%   
Formosa Taffeta competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics; as well as few others. The company operates under Textiles, Apparel & Luxury Goods sector and is part of Consumer Discretionary industry. Analyzing Formosa Taffeta competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Formosa Taffeta to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Formosa Taffeta Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Formosa Taffeta competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
18.0419.2520.46
Details
Intrinsic
Valuation
LowRealHigh
18.4719.6820.89
Details
Naive
Forecast
LowNextHigh
17.9019.1120.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.3920.0220.65
Details

Formosa Taffeta Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Formosa Taffeta and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Formosa and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Formosa Taffeta does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
9921
+ 0.87
5245
9921
+ 0.86
3058
5245
+ 0.83
9910
9921
+ 0.82
9910
9921
+ 0.81
3034
3058
+ 0.78
5245
  
High negative correlations   
2882A
- 0.63
3058
2882A
- 0.62
9921
6697
- 0.59
3034
9921
- 0.58
6697
9908
- 0.52
6697
2882A
- 0.5
9910

Risk-Adjusted Indicators

There is a big difference between Formosa Stock performing well and Formosa Taffeta Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Formosa Taffeta's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
9910  1.45  0.04 (0.03)(2.77) 1.54 
(1.97)
 2.79 
(3.05)
 10.18 
9945  0.94 (0.04) 0.00 (0.28) 0.00 
 0.00 
 1.56 
(2.24)
 7.35 
5245  1.47 (0.09) 0.00  0.76  0.00 
 0.00 
 2.89 
(3.44)
 14.50 
3034  1.02 (0.15) 0.00 (0.74) 0.00 
 0.00 
 1.91 
(2.55)
 6.30 
3058  1.36 (0.19) 0.00  2.71  0.00 
 0.00 
 2.79 
(2.89)
 8.09 
6697  1.35  0.13  0.04  0.46  1.60 
(1.70)
 3.46 
(2.27)
 15.29 
6209  0.94  0.00 (0.05) 0.08  1.13 
(1.07)
 1.98 
(1.75)
 5.38 
9921  1.62 (0.58) 0.00 (2.70) 0.00 
 0.00 
 2.38 
(4.49)
 14.43 
2882A  0.10  0.01 (0.37) 0.52  0.00 
(0.27)
 0.33 
(0.16)
 0.82 
9908  0.18 (0.02) 0.00 (0.42) 0.00 
 0.00 
 0.33 
(0.33)
 1.16 
All Fundamental Data

Formosa Taffeta Competitive Analysis

The better you understand Formosa Taffeta competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Formosa Taffeta's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Formosa Taffeta's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
1434 9910 9945 5245 3034 3058 6697 6209 9921 2882A
 2.04 
 19.25 
Formosa
 1.42 
 139.00 
Feng
 2.38 
 45.10 
Ruentex
 3.03 
 33.65 
WiseChip
 1.14 
 487.50 
Novatek
 1.53 
 16.05 
Leader
 1.16 
 46.85 
Information
 0.59 
 25.20 
Kinko
 0.33 
 150.00 
Giant
 0.33 
 61.10 
Cathay
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
Modest
Very Weak
Very Weak
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Below Average
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Cautious Hold
Hold
Strong Sell
Strong Sell
Current Ratio
1.95
1.27
1.67
1.29
2.06
1.25
N/A
2.32
1.42
1.19
Net Asset
81.34 B
46.93 B
191.78 B
1.71 B
120.59 B
5.24 B
N/A
4.62 B
77.2 B
11.59 T
Profit Margin
0.0999
0.098
0.53
0.15
0.25
-0.0544
N/A
0.0174
0.0741
0.13
EBITDA
3.89 B
9.62 B
19.66 B
368.53 M
49.24 B
(114.34 M)
N/A
135.66 M
10.89 B
(235.56 B)
Operating Margin
0.0352
0.12
0.13
0.17
0.3
-0.042
N/A
-0.0298
0.0928
-0.42
Current Valuation
53.73 B
163.91 B
196.39 B
2.5 B
144.82 B
2.91 B
N/A
4.78 B
115.88 B
(1.21 T)
Price To Book
0.77
6.73
6.72
2.08
3.05
1.11
N/A
1.43
3.14
N/A
Retained Earnings
10.77 B
7.36 B
18.36 B
N/A
20.21 B
289 M
N/A
1.33 B
14.97 B
N/A
Current Asset
23.43 B
13.99 B
28.06 B
N/A
34.22 B
2.77 B
N/A
2.91 B
34.81 B
N/A
Five Year Return
4.39
2.83
N/A
4.56
6.09
N/A
N/A
N/A
2.82
N/A
Beta
0.22
0.89
0.77
0.94
1.12
0.92
N/A
1.4
1.14
0.61
Number Of Employees
7.53 K
37
26
275
30
29
N/A
11
39
57.1 K
Shares Outstanding
1.68 B
881.68 M
3.15 B
43.16 M
608.51 M
156.58 M
N/A
174.23 M
409.06 M
12.5 B
Cash Flow From Operations
2.43 B
1.76 B
6.07 B
325.69 M
41.72 B
(112.27 M)
N/A
(247.69 M)
(4.96 B)
72.52 B
Annual Yield
0.0364
0.0216
0.0303
0.0857
0.14
0.0133
N/A
0.0198
0.0481
0.0404
Total Debt
9.7 B
2.85 B
31.94 B
31.69 M
293.66 M
156.45 M
N/A
548.27 M
3.16 B
429.04 B
Return On Equity
0.0581
0.44
0.24
0.19
0.42
-0.17
N/A
0.0206
0.23
0.12
Z Score
2.4
37.0
2.4
42.6
N/A
6.0
N/A
4.8
16.6
0.6
Return On Asset
0.0097
0.14
0.0164
0.0872
0.26
-0.0248
N/A
-0.0148
0.0647
-0.0129
Book Value Per Share
34.24
27.4
6.68
27.7
100.74
9.27
N/A
18.53
80.43
21.23
Current Liabilities
12.25 B
8.73 B
16.96 B
N/A
10.2 B
2.13 B
N/A
1.42 B
23.12 B
N/A
Total Asset
81.34 B
46.93 B
191.78 B
1.71 B
120.59 B
5.24 B
N/A
4.62 B
77.2 B
11.59 T
Debt To Equity
17.4
20.3
2.24
0.17
1.0
57.3
N/A
17.9
71.3
0.5
Target Price
33.75
200.62
29.17
N/A
371.06
N/A
N/A
39.43
252.22
N/A
Last Dividend Paid
1.0
4.1
1.33
4.48
N/A
N/A
N/A
N/A
10.0
3.5
Shares Owned By Institutions
6.16
8.92
8.22
0.43
40.9
0.96
N/A
1.38
27.91
0.01
Market Capitalization
46.27 B
173.25 B
139.36 B
2.27 B
242.49 B
1.57 B
N/A
4.5 B
84.47 B
471.73 B
Price To Earning
9.82
23.59
8.82
17.43
13.01
0.68
N/A
442.19
24.07
7.79
Price To Earnings To Growth
N/A
2.13
-1.03
N/A
2.12
N/A
N/A
N/A
4.48
N/A
Price To Sales
1.25
1.82
4.83
1.64
1.54
0.34
N/A
1.2
0.95
0.82
Net Income
2.14 B
4.54 B
16.24 B
197.86 M
38.87 B
(321.88 M)
N/A
(150.46 M)
5.93 B
139.51 B
Earnings Per Share
2.1
10.2
5.08
5.1
57.16
-2.42
N/A
0.39
17.48
8.58
Shares Owned By Insiders
56.71
52.25
45.16
51.48
5.1
17.93
N/A
23.7
20.18
N/A
Revenue
32.8 B
70.35 B
27.29 B
1.45 B
135.37 B
4.72 B
N/A
3.61 B
81.84 B
621.86 B
Working Capital
11.18 B
5.26 B
11.1 B
N/A
24.02 B
644 M
N/A
1.49 B
11.69 B
N/A
Cash And Equivalents
7.97 B
4.68 B
7.39 B
139.05 M
20.45 B
810.93 M
N/A
992.72 M
10.86 B
2.3 T
Cash Per Share
4.74
6.37
2.35
3.08
33.6
4.94
N/A
6.09
28.94
174.87
Gross Profit
4.17 B
15.9 B
5.73 B
505.36 M
50.94 B
358.69 M
N/A
201.58 M
19.76 B
325.74 B
Day Typical Price
19.38
139.17
45.45
33.77
484.67
16.1
46.67
25.07
150.0
61.07
Accumulation Distribution
0.0204
0.0107
0.0249
0.0103
0.0195
0.0215
0.0451
0.0354
0.0132
0.0016
Market Facilitation Index
0.4
1.5
1.15
0.35
9.5
0.35
2.15
0.9
2.0
0.1
Daily Balance Of Power
(1.00)
(1.33)
(0.96)
(3.00)
0.5789
(0.71)
(0.26)
(0.17)
0.25
(2.00)
Period Momentum Indicator
(0.40)
(2.00)
(1.10)
(1.05)
5.5
(0.25)
(0.55)
(0.15)
0.5
(0.20)
Rate Of Daily Change
0.98
0.99
0.98
0.97
1.01
0.98
0.99
0.99
1.0
1.0
Day Median Price
19.45
139.25
45.63
33.83
483.25
16.13
46.58
25.0
150.0
61.05
Price Action Indicator
(0.40)
(1.25)
(1.07)
(0.70)
7.0
(0.20)
N/A
0.12
0.25
(0.05)
Relative Strength Index
58.49
34.6
42.5
39.06
43.98
50.6
50.79
51.28
31.07
81.37
Coefficient Of Variation
10861.08
3831.49
(6,980)
(2,774)
(1,123)
(940.07)
1284.88
3839.52
(412.20)
766.22
Mean Deviation
0.9666
1.45
0.9383
1.47
1.02
1.36
1.35
0.9411
1.62
0.0968
Jensen Alpha
(0.02)
0.0447
(0.04)
(0.09)
(0.15)
(0.19)
0.1295
(0)
(0.58)
0.0083
Total Risk Alpha
(0.15)
(0.21)
(0.18)
(0.40)
(0.32)
(0.41)
(0.11)
(0.13)
(0.84)
(0.01)
Sortino Ratio
(0.07)
(0.03)
N/A
N/A
N/A
N/A
0.0352
(0.05)
N/A
(0.37)
Downside Variance
1.68
3.22
N/A
N/A
N/A
N/A
4.08
1.78
N/A
0.0455
Standard Deviation
1.21
2.04
1.23
2.45
1.43
1.73
2.2
1.21
2.25
0.1539
Kurtosis
(0.17)
3.51
1.05
7.39
3.57
(0.29)
6.47
(0.39)
2.45
2.27
Potential Upside
1.81
2.79
1.56
2.89
1.91
2.79
3.46
1.98
2.38
0.33
Treynor Ratio
0.0043
(2.77)
(0.28)
0.7601
(0.74)
2.71
0.4585
0.0845
(2.70)
0.5173
Maximum Drawdown
5.6
10.18
7.35
14.5
6.3
8.09
15.29
5.38
14.43
0.8224
Variance
1.46
4.16
1.5
5.99
2.06
2.99
4.83
1.45
5.07
0.0237
Market Risk Adjusted Performance
0.0143
(2.76)
(0.27)
0.7701
(0.73)
2.72
0.4685
0.0945
(2.69)
0.5273
Risk Adjusted Performance
0.0107
0.0254
(0.01)
(0.02)
(0.06)
(0.07)
0.0631
0.0229
(0.17)
0.0575
Skewness
0.178
1.19
(0.05)
1.97
(1.12)
0.2206
1.33
(0.07)
(0.32)
0.9248
Semi Deviation
1.13
1.54
N/A
N/A
N/A
N/A
1.6
1.13
N/A
0.0
Information Ratio
(0.07)
(0.02)
(0.1)
(0.08)
(0.16)
(0.16)
0.0323
(0.06)
(0.29)
(0.52)
Value At Risk
(1.75)
(3.05)
(2.24)
(3.44)
(2.55)
(2.89)
(2.27)
(1.75)
(4.49)
(0.16)
Expected Short fall
(1.07)
(1.97)
N/A
N/A
N/A
N/A
(1.70)
(1.07)
N/A
(0.27)
Downside Deviation
1.3
1.79
N/A
N/A
N/A
N/A
2.02
1.33
N/A
0.2134
Semi Variance
1.29
2.36
N/A
N/A
N/A
N/A
2.55
1.29
N/A
(0.01)

Formosa Taffeta Competition Performance Charts

Five steps to successful analysis of Formosa Taffeta Competition

Formosa Taffeta's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Formosa Taffeta in relation to its competition. Formosa Taffeta's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Formosa Taffeta in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Formosa Taffeta's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Formosa Taffeta, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Additional Tools for Formosa Stock Analysis

When running Formosa Taffeta's price analysis, check to measure Formosa Taffeta'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 Formosa Taffeta is operating at the current time. Most of Formosa Taffeta's value examination focuses on studying past and present price action to predict the probability of Formosa Taffeta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Taffeta's price. Additionally, you may evaluate how the addition of Formosa Taffeta to your portfolios can decrease your overall portfolio volatility.
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