Prime Oil (Taiwan) Performance
| 2904 Stock | TWD 18.10 0.05 0.28% |
The company holds a Beta of -0.0052, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prime Oil are expected to decrease at a much lower rate. During the bear market, Prime Oil is likely to outperform the market. At this point, Prime Oil Chemical has a negative expected return of -0.0125%. Please make sure to check Prime Oil's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Prime Oil Chemical 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 Prime Oil Chemical has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Prime Oil is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
| Begin Period Cash Flow | 142.7 M | |
| Total Cashflows From Investing Activities | -185.2 M |
Prime |
Prime Oil Relative Risk vs. Return Landscape
If you would invest 1,825 in Prime Oil Chemical on September 14, 2024 and sell it today you would lose (15.00) from holding Prime Oil Chemical or give up 0.82% of portfolio value over 90 days. Prime Oil Chemical is generating negative expected returns and assumes 0.3939% volatility on return distribution over the 90 days horizon. Simply put, 3% of stocks are less volatile than Prime, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Prime Oil Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Oil's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Prime Oil Chemical, and traders can use it to determine the average amount a Prime Oil'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 = -0.0319
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| Negative Returns | 2904 |
Estimated Market Risk
| 0.39 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Prime Oil 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 Prime Oil by adding Prime Oil to a well-diversified portfolio.
Prime Oil Fundamentals Growth
Prime Stock prices reflect investors' perceptions of the future prospects and financial health of Prime Oil, and Prime Oil 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 Prime Stock performance.
| Return On Equity | 0.0898 | |||
| Return On Asset | 0.0248 | |||
| Profit Margin | 0.20 % | |||
| Operating Margin | 0.17 % | |||
| Current Valuation | 2.38 B | |||
| Shares Outstanding | 77.83 M | |||
| Price To Earning | 12.98 X | |||
| Price To Book | 1.40 X | |||
| Price To Sales | 3.33 X | |||
| Revenue | 466.11 M | |||
| EBITDA | 271.31 M | |||
| Cash And Equivalents | 186.43 M | |||
| Cash Per Share | 2.70 X | |||
| Total Debt | 294.37 M | |||
| Debt To Equity | 38.30 % | |||
| Book Value Per Share | 15.99 X | |||
| Cash Flow From Operations | 241.19 M | |||
| Earnings Per Share | 1.31 X | |||
| Total Asset | 1.64 B | |||
| Retained Earnings | 213 M | |||
| Current Asset | 614 M | |||
| Current Liabilities | 99 M | |||
About Prime Oil Performance
Evaluating Prime Oil's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Prime Oil 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 Prime Oil 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.
Prime Oil Chemical Service Corporation operates as an oil and petrochemical storage and transshipping company in Taiwan. Prime Oil Chemical Service Corporation was founded in 1978 and is headquartered in Taipei City, Taiwan. PAN OVERSEAS operates under Oil Gas Equipment Services classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Prime Oil Chemical performance evaluation
Checking the ongoing alerts about Prime Oil for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Prime Oil Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Prime Oil Chemical generated a negative expected return over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees |
- Analyzing Prime Oil'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 Prime Oil's stock is overvalued or undervalued compared to its peers.
- Examining Prime Oil'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 Prime Oil's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Prime Oil's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Prime Oil's stock. These opinions can provide insight into Prime Oil's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Prime Stock Analysis
When running Prime Oil's price analysis, check to measure Prime Oil'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 Prime Oil is operating at the current time. Most of Prime Oil's value examination focuses on studying past and present price action to predict the probability of Prime Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Oil's price. Additionally, you may evaluate how the addition of Prime Oil to your portfolios can decrease your overall portfolio volatility.