Kenda Rubber (Taiwan) Performance
| 2106 Stock | TWD 27.40 0.75 2.66% |
The company secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kenda Rubber are expected to decrease at a much lower rate. During the bear market, Kenda Rubber is likely to outperform the market. At this point, Kenda Rubber Industrial has a negative expected return of -0.14%. Please make sure to verify Kenda Rubber's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kenda Rubber Industrial 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 Kenda Rubber Industrial 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 | 8.5 B | |
| Total Cashflows From Investing Activities | -2.9 B |
Kenda |
Kenda Rubber Relative Risk vs. Return Landscape
If you would invest 2,995 in Kenda Rubber Industrial on September 17, 2024 and sell it today you would lose (255.00) from holding Kenda Rubber Industrial or give up 8.51% of portfolio value over 90 days. Kenda Rubber Industrial is generating negative expected returns and assumes 1.0229% volatility on return distribution over the 90 days horizon. Simply put, 9% of stocks are less volatile than Kenda, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Kenda Rubber Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kenda Rubber's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Kenda Rubber Industrial, and traders can use it to determine the average amount a Kenda Rubber'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 = -0.1329
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| Negative Returns | 2106 |
Estimated Market Risk
| 1.02 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.14 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 Kenda Rubber 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 Kenda Rubber by adding Kenda Rubber to a well-diversified portfolio.
Kenda Rubber Fundamentals Growth
Kenda Stock prices reflect investors' perceptions of the future prospects and financial health of Kenda Rubber, and Kenda Rubber 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 Kenda Stock performance.
| Return On Equity | 0.0239 | |||
| Return On Asset | 0.0075 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | 0.01 % | |||
| Current Valuation | 43.4 B | |||
| Shares Outstanding | 909.41 M | |||
| Price To Earning | 12.79 X | |||
| Price To Book | 1.36 X | |||
| Price To Sales | 0.71 X | |||
| Revenue | 34.9 B | |||
| EBITDA | 3.43 B | |||
| Cash And Equivalents | 8.63 B | |||
| Cash Per Share | 9.49 X | |||
| Total Debt | 13.82 B | |||
| Debt To Equity | 0.97 % | |||
| Book Value Per Share | 22.31 X | |||
| Cash Flow From Operations | (1.14 B) | |||
| Earnings Per Share | 0.51 X | |||
| Total Asset | 46.34 B | |||
| Retained Earnings | 12.12 B | |||
| Current Asset | 27.77 B | |||
| Current Liabilities | 8.58 B | |||
About Kenda Rubber Performance
Evaluating Kenda Rubber's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Kenda Rubber 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 Kenda Rubber 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.
It offers automotive, bicycle, wheelchair, power sport, and turftrailerspecialty tires. The company sells its tires through distributors and retailers. KENDA RUBBER operates under Auto Parts classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Kenda Rubber Industrial performance evaluation
Checking the ongoing alerts about Kenda Rubber for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Kenda Rubber Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Kenda Rubber generated a negative expected return over the last 90 days | |
| Kenda Rubber Industrial has accumulated about 8.63 B in cash with (1.14 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.49. | |
| Roughly 38.0% of the company shares are owned by insiders or employees |
- Analyzing Kenda Rubber'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 Kenda Rubber's stock is overvalued or undervalued compared to its peers.
- Examining Kenda Rubber'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 Kenda Rubber's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Kenda Rubber's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Kenda Rubber's stock. These opinions can provide insight into Kenda Rubber's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Kenda Stock Analysis
When running Kenda Rubber's price analysis, check to measure Kenda Rubber'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 Kenda Rubber is operating at the current time. Most of Kenda Rubber's value examination focuses on studying past and present price action to predict the probability of Kenda Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kenda Rubber's price. Additionally, you may evaluate how the addition of Kenda Rubber to your portfolios can decrease your overall portfolio volatility.