Altek Corp (Taiwan) Performance
| 3059 Stock | TWD 44.10 1.45 3.40% |
On a scale of 0 to 100, Altek Corp holds a performance score of 13. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Altek Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altek Corp is expected to be smaller as well. Please check Altek Corp's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Altek Corp's price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Altek Corp are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Altek Corp showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 5.4 B | |
| Total Cashflows From Investing Activities | -24.5 M |
Altek |
Altek Corp Relative Risk vs. Return Landscape
If you would invest 3,260 in Altek Corp on December 18, 2024 and sell it today you would earn a total of 1,150 from holding Altek Corp or generate 35.28% return on investment over 90 days. Altek Corp is generating 0.6111% of daily returns and assumes 3.5567% volatility on return distribution over the 90 days horizon. Simply put, 31% of stocks are less volatile than Altek, and 88% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Altek Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altek Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altek Corp, and traders can use it to determine the average amount a Altek Corp'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 = 0.1718
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| Small Returns | 3059 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.56 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.61 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Altek Corp is performing at about 13% 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 Altek Corp by adding it to a well-diversified portfolio.
Altek Corp Fundamentals Growth
Altek Stock prices reflect investors' perceptions of the future prospects and financial health of Altek Corp, and Altek Corp 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 Altek Stock performance.
| Return On Equity | 0.0399 | |||
| Return On Asset | 0.0115 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 7.41 B | |||
| Shares Outstanding | 274.64 M | |||
| Price To Earning | 34.94 X | |||
| Price To Book | 1.11 X | |||
| Price To Sales | 0.74 X | |||
| Revenue | 9.09 B | |||
| EBITDA | 747.49 M | |||
| Cash And Equivalents | 7.25 B | |||
| Cash Per Share | 26.46 X | |||
| Total Debt | 2.46 B | |||
| Debt To Equity | 25.10 % | |||
| Book Value Per Share | 32.32 X | |||
| Cash Flow From Operations | (211.38 M) | |||
| Earnings Per Share | 1.38 X | |||
| Total Asset | 16.34 B | |||
| Retained Earnings | 4.36 B | |||
| Current Asset | 9.38 B | |||
| Current Liabilities | 5.12 B | |||
About Altek Corp Performance
Evaluating Altek Corp's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Altek Corp 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 Altek Corp 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.
Altek Corporation engages in the development, manufacture, and sale of digital image technology application products. Altek Corporation was founded in 1996 and is headquartered in Hsinchu, Taiwan. ALTEK CORP is traded on Taiwan Stock Exchange in Taiwan.Things to note about Altek Corp performance evaluation
Checking the ongoing alerts about Altek Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altek Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altek Corp appears to be risky and price may revert if volatility continues | |
| Altek Corp has accumulated about 7.25 B in cash with (211.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 26.46. |
- Analyzing Altek Corp'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 Altek Corp's stock is overvalued or undervalued compared to its peers.
- Examining Altek Corp'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 Altek Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altek Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altek Corp's stock. These opinions can provide insight into Altek Corp's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Altek Stock Analysis
When running Altek Corp's price analysis, check to measure Altek Corp'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 Altek Corp is operating at the current time. Most of Altek Corp's value examination focuses on studying past and present price action to predict the probability of Altek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altek Corp's price. Additionally, you may evaluate how the addition of Altek Corp to your portfolios can decrease your overall portfolio volatility.