Coretronic (Taiwan) Performance
Coretronic has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Coretronic are expected to decrease at a much lower rate. During the bear market, Coretronic is likely to outperform the market. Coretronic right now shows a risk of 3.06%. Please confirm Coretronic variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Coretronic will be following its price patterns.
Risk-Adjusted Performance
3 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Coretronic are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Coretronic may actually be approaching a critical reversion point that can send shares even higher in February 2025. ...more
| Begin Period Cash Flow | 18.3 B | |
| Total Cashflows From Investing Activities | -9 B |
Coretronic |
Coretronic Relative Risk vs. Return Landscape
If you would invest 7,530 in Coretronic on October 20, 2024 and sell it today you would earn a total of 390.00 from holding Coretronic or generate 5.18% return on investment over 90 days. Coretronic is generating 0.1247% of daily returns and assumes 3.0625% volatility on return distribution over the 90 days horizon. Simply put, 27% of stocks are less volatile than Coretronic, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Coretronic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coretronic's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Coretronic, and traders can use it to determine the average amount a Coretronic'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 = 0.0407
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| Cash | Small Risk | 5371 | High Risk | Huge Risk |
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Estimated Market Risk
| 3.06 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Coretronic is performing at about 3% 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 Coretronic by adding it to a well-diversified portfolio.
Coretronic Fundamentals Growth
Coretronic Stock prices reflect investors' perceptions of the future prospects and financial health of Coretronic, and Coretronic 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 Coretronic Stock performance.
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0254 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.04 % | |||
| Current Valuation | 22.03 B | |||
| Shares Outstanding | 390.98 M | |||
| Price To Earning | 10.19 X | |||
| Price To Book | 0.97 X | |||
| Price To Sales | 0.40 X | |||
| Revenue | 49.83 B | |||
| EBITDA | 4.38 B | |||
| Cash And Equivalents | 18.56 B | |||
| Cash Per Share | 42.80 X | |||
| Total Debt | 1.83 B | |||
| Debt To Equity | 37.80 % | |||
| Book Value Per Share | 57.63 X | |||
| Cash Flow From Operations | (2.14 B) | |||
| Earnings Per Share | 6.34 X | |||
| Total Asset | 61.47 B | |||
About Coretronic Performance
Evaluating Coretronic's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Coretronic 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 Coretronic 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.
Coretronic Corporation engages in the research, development, production, manufacturing, and marketing of projectors, backlights, and flat panel display related products in Taiwan and internationally. Coretronic Corporation was founded in 1992 and is headquartered in Hsinchu, Taiwan. CORETRONICS CORP is traded on Taiwan OTC Exchange in Taiwan.Things to note about Coretronic performance evaluation
Checking the ongoing alerts about Coretronic for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Coretronic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Coretronic is not yet fully synchronised with the market data | |
| Coretronic had very high historical volatility over the last 90 days | |
| Coretronic has accumulated about 18.56 B in cash with (2.14 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 42.8. | |
| Roughly 36.0% of the company shares are owned by insiders or employees |
- Analyzing Coretronic'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 Coretronic's stock is overvalued or undervalued compared to its peers.
- Examining Coretronic'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 Coretronic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Coretronic's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Coretronic's stock. These opinions can provide insight into Coretronic's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Coretronic Stock Analysis
When running Coretronic's price analysis, check to measure Coretronic'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 Coretronic is operating at the current time. Most of Coretronic's value examination focuses on studying past and present price action to predict the probability of Coretronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coretronic's price. Additionally, you may evaluate how the addition of Coretronic to your portfolios can decrease your overall portfolio volatility.