Elite Material (Taiwan) Performance
| 2383 Stock | TWD 599.00 26.00 4.54% |
On a scale of 0 to 100, Elite Material holds a performance score of 12. The firm shows a Beta (market volatility) of -0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Elite Material are expected to decrease at a much lower rate. During the bear market, Elite Material is likely to outperform the market. Please check Elite Material's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Elite Material's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Elite Material Co are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Elite Material showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 5.7 B | |
| Total Cashflows From Investing Activities | -2.6 B |
Elite |
Elite Material Relative Risk vs. Return Landscape
If you would invest 47,200 in Elite Material Co on September 15, 2024 and sell it today you would earn a total of 12,700 from holding Elite Material Co or generate 26.91% return on investment over 90 days. Elite Material Co is generating 0.4092% of daily returns and assumes 2.4869% volatility on return distribution over the 90 days horizon. Simply put, 22% of stocks are less volatile than Elite, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Elite Material Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elite Material's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Elite Material Co, and traders can use it to determine the average amount a Elite Material's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1646
| Best Portfolio | Best Equity | |||
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| Small Returns | 2383 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Elite Material is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Elite Material by adding it to a well-diversified portfolio.
Elite Material Fundamentals Growth
Elite Stock prices reflect investors' perceptions of the future prospects and financial health of Elite Material, and Elite Material fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Elite Stock performance.
| Return On Equity | 0.27 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.13 % | |||
| Operating Margin | 0.16 % | |||
| Current Valuation | 67.26 B | |||
| Shares Outstanding | 332.92 M | |||
| Price To Earning | 20.40 X | |||
| Price To Book | 3.14 X | |||
| Price To Sales | 1.55 X | |||
| Revenue | 38.5 B | |||
| EBITDA | 7.71 B | |||
| Cash And Equivalents | 6.35 B | |||
| Cash Per Share | 19.87 X | |||
| Total Debt | 721.43 M | |||
| Debt To Equity | 21.70 % | |||
| Book Value Per Share | 62.92 X | |||
| Cash Flow From Operations | 4.02 B | |||
| Earnings Per Share | 15.43 X | |||
| Total Asset | 36.57 B | |||
| Retained Earnings | 6.23 B | |||
| Current Asset | 13.24 B | |||
| Current Liabilities | 6.91 B | |||
About Elite Material Performance
Evaluating Elite Material's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Elite Material has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Elite Material has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Elite Material Co., Ltd. produces and sells laminate materials in Taiwan, Mainland China, and Korea. Elite Material Co., Ltd. was founded in 1992 and is headquartered in Taoyuang, Taiwan. ELITE MATERIAL operates under Contract Manufacturers classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Elite Material performance evaluation
Checking the ongoing alerts about Elite Material for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Elite Material help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 21.0% of the company shares are owned by insiders or employees |
- Analyzing Elite Material's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Elite Material's stock is overvalued or undervalued compared to its peers.
- Examining Elite Material's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Elite Material's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Elite Material's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Elite Material's stock. These opinions can provide insight into Elite Material's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Elite Stock Analysis
When running Elite Material's price analysis, check to measure Elite Material'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 Elite Material is operating at the current time. Most of Elite Material's value examination focuses on studying past and present price action to predict the probability of Elite Material's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Material's price. Additionally, you may evaluate how the addition of Elite Material to your portfolios can decrease your overall portfolio volatility.