Chroma Competitors

2360 Stock

TWD 316.00 1.50 0.48%

Chroma ATE competes with Accton Technology, Delta Electronics, Chicony Electronics, Advantech, and Elite Material; as well as few others. The company operates under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. Analyzing Chroma ATE 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 Chroma ATE to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Chroma ATE 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 Chroma ATE competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
312.66	316.00	319.34

Details

Intrinsic

Valuation

Low	Real	High
281.21	284.55	347.60

Details

Chroma ATE Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Chroma ATE 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 Chroma 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 Chroma ATE does not affect the price movement of the other competitor.

	2345	2308	2385	2395	2383
2345		0.79	-0.6	-0.29	0.39	2345
2308	0.79		-0.67	-0.49	0.43	2308
2385	-0.6	-0.67		0.71	0.03	2385
2395	-0.29	-0.49	0.71		0.3	2395
2383	0.39	0.43	0.03	0.3		2383
	2345	2308	2385	2395	2383

Click cells to compare fundamentals

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High positive correlations

2308	+ 0.79	2345
2395	+ 0.71	2385
2383	+ 0.43	2308
2383	+ 0.39	2345
2383	+ 0.3	2395
2383	+ 0.03	2385

High negative correlations

2385	- 0.67	2308
2385	- 0.6	2345
2395	- 0.49	2308
2395	- 0.29	2345

Risk-Adjusted Indicators

There is a big difference between Chroma Stock performing well and Chroma ATE 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 Chroma ATE'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
2345	2.19	0.02	0.05	0.17	2.84	(2.14)	4.55	(4.75)	13.58
2308	1.63	0.09	0.07	0.15	2.50	(1.55)	3.23	(3.21)	13.29
2385	1.23	0.13	0.23	(0.85)	1.12	(1.67)	4.05	(2.03)	8.79
2395	1.45	0.24	0.24	(4.87)	1.28	(1.78)	4.32	(2.17)	13.42
2383	2.17	0.40	0.18	1.27	2.44	(2.53)	4.71	(3.56)	17.51

Unable to evaluate fundamental data of [2345.TW, 2308.TW, 2385.TW, 2395.TW, 2383.TW] at this time. Please try again later

All Fundamental Data

Chroma ATE Competitive Analysis

The better you understand Chroma ATE competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Chroma ATE'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 Chroma ATE'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

	2360	2345	2308	2385	2395	2383
	0.48 316.00 Chroma	1.69 639.00 Accton	2.57 378.50 Delta	2.87 169.00 Chicony	2.43 382.00 Advantech	1.22 580.00 Elite
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Good	Modest	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Over Valued	Over Valued	Fairly Valued	Fairly Valued	Over Valued	Under Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Sell	Strong Sell	Hold	Hold	Strong Sell	Buy
Current Ratio	1.67 X	1.55 X	1.62 X	1.18 X	2.14 X	2.44 X
Net Asset	29.55 B	35.02 B	365.11 B	83.73 B	57.83 B	36.57 B
Profit Margin	0.24 %	0.10 %	0.09 %	0.06 %	0.16 %	0.13 %
EBITDA	5.92 B	6.54 B	53.07 B	12.47 B	11.37 B	7.71 B
Operating Margin	0.23 %	0.12 %	0.10 %	0.09 %	0.18 %	0.16 %
Current Valuation	76.27 B	130.87 B	761.27 B	51.87 B	255.56 B	67.26 B
Price To Book	3.70 X	7.70 X	4.22 X	1.72 X	6.42 X	3.14 X
Retained Earnings	4.38 B	1.74 B	50.02 B	13.03 B	10.04 B	6.23 B
Current Asset	10.72 B	13.71 B	129.91 B	33.27 B	20.14 B	13.24 B
Five Year Return	2.61 %	4.14 %	3.59 %	5.80 %	2.55 %	4.49 %
Beta	0.87	0.6	1.06	0.32	0.73	1.21
Number Of Employees	58	29	38	45	30	27
Shares Outstanding	423.79 M	557.85 M	2.6 B	714.48 M	777.84 M	332.92 M
Cash Flow From Operations	2.59 B	1.37 B	28.32 B	4.39 B	9.13 B	4.02 B
Annual Yield	0.04 %	0.02 %	0.02 %	0.07 %	0.02 %	0.05 %
Total Debt	1.45 B	1 B	43.91 B	7.1 B	1.07 B	721.43 M
Return On Equity	0.26	0.46	0.17	0.24	0.27	0.27
Z Score	33.6	92.8	10.2	6.4	N/A	53.2
Return On Asset	0.0938	0.14	0.0605	0.0764	0.13	0.11
Book Value Per Share	48.65 X	32.55 X	70.06 X	48.77 X	52.92 X	62.92 X
Current Liabilities	4.52 B	7.2 B	69.33 B	27.16 B	13.17 B	6.91 B
Total Asset	29.55 B	35.02 B	365.11 B	83.73 B	57.83 B	36.57 B
Debt To Equity	0.19 %	5.80 %	22.20 %	24.30 %	3.30 %	21.70 %
Target Price	227.64	308.88	332.19	98.67	340.36	200.13
Last Dividend Paid	7.0	6.0	5.5	6.1	8.0	10.0
Shares Owned By Institutions	49.39 %	52.50 %	37.64 %	27.36 %	26.61 %	37.51 %
Market Capitalization	81.16 B	154.52 B	763.68 B	64.66 B	287.02 B	63.25 B
Price To Earning	19.44 X	23.40 X	15.18 X	11.74 X	28.54 X	20.40 X
Price To Earnings To Growth	2.00 X	N/A	1.48 X	1.00 X	1.50 X	0.77 X
Price To Sales	3.80 X	1.97 X	2.08 X	0.52 X	3.89 X	1.55 X
Net Income	4.18 B	4.71 B	26.8 B	6.15 B	8.25 B	5.49 B
Earnings Per Share	11.56 X	13.03 X	11.88 X	10.07 X	13.37 X	15.43 X
Shares Owned By Insiders	13.24 %	11.65 %	25.93 %	20.22 %	48.01 %	20.73 %
Revenue	17.58 B	59.6 B	314.67 B	107.47 B	58.62 B	38.5 B
Working Capital	6.19 B	6.51 B	60.57 B	6.11 B	6.97 B	6.33 B
Cash And Equivalents	4.65 B	7.18 B	45.64 B	10.67 B	9.3 B	6.35 B
Cash Per Share	11.07 X	12.89 X	17.57 X	15.42 X	13.31 X	19.87 X
Gross Profit	8.45 B	11.34 B	90.21 B	18.9 B	22.13 B	10.07 B
Day Typical Price	314.67	630.0	380.5	171.17	385.17	584.0
Accumulation Distribution	30905.38	574864.0	216648.0	127492.0	101762.0	0.0236
Market Facilitation Index	0.0	0.0	0.0	0.0	0.0	14.0
Daily Balance Of Power	0.1875	(0.27)	(1.11)	(0.77)	(0.58)	0.5
Period Momentum Indicator	1.5	(11.00)	(10.00)	(5.00)	(9.50)	7.0
Rate Of Daily Change	1.0	0.98	0.97	0.97	0.98	1.01
Day Median Price	314.0	625.5	381.5	172.25	386.75	586.0
Price Action Indicator	2.75	8.0	(8.00)	(5.75)	(9.50)	(2.50)
Coefficient Of Variation	(945.09)	12931.41	4094.64	1046.11	854.75	808.79
Mean Deviation	2.32	2.19	1.63	1.23	1.45	2.17
Jensen Alpha	(0.31)	0.0211	0.0854	0.1346	0.2402	0.3973
Total Risk Alpha	0.1996	0.4765	0.4141	0.4637	0.6183	0.858
Sortino Ratio	N/A	0.0504	0.0727	0.2299	0.2427	0.1846
Downside Variance	N/A	9.27	6.54	1.75	2.58	7.32
Standard Deviation	3.34	2.76	2.2	1.79	2.2	2.97
Kurtosis	2.19	0.0027	3.16	3.42	5.44	2.58
Potential Upside	3.88	4.55	3.23	4.05	4.32	4.71
Treynor Ratio	(0.98)	0.1657	0.1492	(0.85)	(4.87)	1.27
Maximum Drawdown	16.66	13.58	13.29	8.79	13.42	17.51
Variance	11.18	7.62	4.83	3.22	4.84	8.83
Market Risk Adjusted Performance	(0.97)	0.1757	0.1592	(0.84)	(4.86)	1.28
Risk Adjusted Performance	(0.08)	0.0135	0.0268	0.086	0.1049	0.1115
Skewness	(0.83)	(0.03)	(0.98)	1.41	1.55	0.0705
Semi Deviation	N/A	2.84	2.5	1.12	1.28	2.44
Information Ratio	(0.07)	0.0556	0.0846	0.1693	0.1771	0.1682
Value At Risk	(8.49)	(4.75)	(3.21)	(2.03)	(2.17)	(3.56)
Expected Short fall	N/A	(2.14)	(1.55)	(1.67)	(1.78)	(2.53)
Downside Deviation	N/A	3.05	2.56	1.32	1.61	2.71
Semi Variance	N/A	8.05	6.26	1.25	1.64	5.94

Chroma ATE Competition Performance Charts

Five steps to successful analysis of Chroma ATE Competition

Chroma ATE'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 Chroma ATE in relation to its competition. Chroma ATE's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Chroma ATE 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 Chroma ATE's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Chroma ATE, 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.

Complement your Chroma ATE position

In addition to having Chroma ATE in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities - Regulated Electric theme has 6 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities - Regulated Electric Theme or any other thematic opportunities.

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Additional Tools for Chroma Stock Analysis

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

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