New Era (Taiwan) Performance
| 4909 Stock | TWD 117.50 2.50 2.08% |
The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning New Era are expected to decrease at a much lower rate. During the bear market, New Era is likely to outperform the market. At this point, New Era Electronics has a negative expected return of -0.31%. Please make sure to verify New Era's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if New Era Electronics performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days New Era Electronics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in January 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 702.3 M | |
| Total Cashflows From Investing Activities | 180.9 M |
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New Era Relative Risk vs. Return Landscape
If you would invest 15,100 in New Era Electronics on September 23, 2024 and sell it today you would lose (3,350) from holding New Era Electronics or give up 22.19% of portfolio value over 90 days. New Era Electronics is generating negative expected returns and assumes 3.9941% volatility on return distribution over the 90 days horizon. Simply put, 35% of stocks are less volatile than New, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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New Era Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Era's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Era Electronics, and traders can use it to determine the average amount a New Era'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 = -0.0767
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| Negative Returns | 4909 |
Estimated Market Risk
| 3.99 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Era is not performing at its full potential. However, 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 New Era by adding New Era to a well-diversified portfolio.
New Era Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Era, and New Era 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 New Stock performance.
| Return On Equity | -0.0063 | |||
| Return On Asset | -0.0431 | |||
| Profit Margin | (0.03) % | |||
| Operating Margin | (0.38) % | |||
| Current Valuation | (311.23 M) | |||
| Shares Outstanding | 93.36 M | |||
| Price To Earning | 15.74 X | |||
| Price To Book | 0.64 X | |||
| Price To Sales | 3.18 X | |||
| Revenue | 673.31 M | |||
| EBITDA | (96.74 M) | |||
| Cash And Equivalents | 2.46 B | |||
| Cash Per Share | 26.35 X | |||
| Total Debt | 380 M | |||
| Debt To Equity | 14.30 % | |||
| Book Value Per Share | 25.97 X | |||
| Cash Flow From Operations | (104.27 M) | |||
| Earnings Per Share | (0.98) X | |||
| Total Asset | 2.67 B | |||
About New Era Performance
Evaluating New Era's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if New Era 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 New Era 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.
New Era Electronics Co., Ltd engages in the design, manufacture, and sale of printed circuit boards in Taiwan and internationally. The company was founded in 1984 and is based in Taoyuan, Taiwan. NEW ERA operates under Contract Manufacturers classification in Taiwan and is traded on Taiwan OTC Exchange.Things to note about New Era Electronics performance evaluation
Checking the ongoing alerts about New Era for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Era Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Era Electronics generated a negative expected return over the last 90 days | |
| New Era Electronics has high historical volatility and very poor performance | |
| The company reported the revenue of 673.31 M. Net Loss for the year was (117.86 M) with loss before overhead, payroll, taxes, and interest of (16.71 M). | |
| New Era Electronics has accumulated about 2.46 B in cash with (104.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 26.35. | |
| Roughly 30.0% of the company shares are owned by insiders or employees |
- Analyzing New Era'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 New Era's stock is overvalued or undervalued compared to its peers.
- Examining New Era'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 New Era's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Era's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Era's stock. These opinions can provide insight into New Era's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for New Stock Analysis
When running New Era's price analysis, check to measure New Era'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 New Era is operating at the current time. Most of New Era's value examination focuses on studying past and present price action to predict the probability of New Era's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Era's price. Additionally, you may evaluate how the addition of New Era to your portfolios can decrease your overall portfolio volatility.