Para Light (Taiwan) Performance
| 6226 Stock | TWD 8.66 0.03 0.35% |
The company holds a Beta of -0.0212, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Para Light are expected to decrease at a much lower rate. During the bear market, Para Light is likely to outperform the market. At this point, Para Light Electronics has a negative expected return of -0.18%. Please make sure to check Para Light's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Para Light 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 Para Light Electronics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's basic indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 340.9 M | |
| Total Cashflows From Investing Activities | -8.5 M |
Para |
Para Light Relative Risk vs. Return Landscape
If you would invest 974.00 in Para Light Electronics on October 5, 2024 and sell it today you would lose (108.00) from holding Para Light Electronics or give up 11.09% of portfolio value over 90 days. Para Light Electronics is generating negative expected returns and assumes 1.3183% volatility on return distribution over the 90 days horizon. Simply put, 11% of stocks are less volatile than Para, 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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Para Light Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Para Light's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Para Light Electronics, and traders can use it to determine the average amount a Para Light'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 = -0.1349
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 6226 |
Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Para Light 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 Para Light by adding Para Light to a well-diversified portfolio.
Para Light Fundamentals Growth
Para Stock prices reflect investors' perceptions of the future prospects and financial health of Para Light, and Para Light 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 Para Stock performance.
| Return On Equity | 0.0017 | |||
| Return On Asset | -0.0077 | |||
| Profit Margin | 0.0006 % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 1.64 B | |||
| Shares Outstanding | 116.54 M | |||
| Price To Earning | 0.77 X | |||
| Price To Book | 1.07 X | |||
| Price To Sales | 1.31 X | |||
| Revenue | 935.5 M | |||
| EBITDA | 53.15 M | |||
| Cash And Equivalents | 562.21 M | |||
| Cash Per Share | 5.01 X | |||
| Total Debt | 447.55 M | |||
| Debt To Equity | 72.60 % | |||
| Book Value Per Share | 10.60 X | |||
| Cash Flow From Operations | 84.02 M | |||
| Earnings Per Share | 0.01 X | |||
| Total Asset | 2.76 B | |||
| Retained Earnings | 15 M | |||
| Current Asset | 1.37 B | |||
| Current Liabilities | 876 M | |||
About Para Light Performance
Evaluating Para Light's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Para Light 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 Para Light 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.
Para Light Electronics Co., Ltd. provides lighting solutions and opto-electronic components for industrial, commercial, and household applications worldwide. The company was founded in 1987 and is headquartered in New Taipei City, Taiwan. PARA LIGHT operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Para Light Electronics performance evaluation
Checking the ongoing alerts about Para Light for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Para Light Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Para Light generated a negative expected return over the last 90 days | |
| Para Light has accumulated NT$447.55 Million in debt which can lead to volatile earnings | |
| About 21.0% of the company shares are owned by insiders or employees |
- Analyzing Para Light'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 Para Light's stock is overvalued or undervalued compared to its peers.
- Examining Para Light'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 Para Light's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Para Light's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Para Light's stock. These opinions can provide insight into Para Light's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Para Stock Analysis
When running Para Light's price analysis, check to measure Para Light'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 Para Light is operating at the current time. Most of Para Light's value examination focuses on studying past and present price action to predict the probability of Para Light's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Para Light's price. Additionally, you may evaluate how the addition of Para Light to your portfolios can decrease your overall portfolio volatility.