ECOVE Environment (Taiwan) Performance

6803 Stock  TWD 281.50  2.50  0.90%   
The firm shows a Beta (market volatility) of 0.0629, which means not very significant fluctuations relative to the market. As returns on the market increase, ECOVE Environment's returns are expected to increase less than the market. However, during the bear market, the loss of holding ECOVE Environment is expected to be smaller as well. At this point, ECOVE Environment Corp has a negative expected return of -0.0404%. Please make sure to confirm ECOVE Environment's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if ECOVE Environment Corp performance from the past will be repeated in the future.

Risk-Adjusted Performance

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Over the last 90 days ECOVE Environment Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, ECOVE Environment 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 Flow533.6 M
Total Cashflows From Investing Activities-1.1 B
  

ECOVE Environment Relative Risk vs. Return Landscape

If you would invest  28,900  in ECOVE Environment Corp on September 5, 2024 and sell it today you would lose (750.00) from holding ECOVE Environment Corp or give up 2.6% of portfolio value over 90 days. ECOVE Environment Corp is generating negative expected returns and assumes 0.5211% volatility on return distribution over the 90 days horizon. Simply put, 4% of stocks are less volatile than ECOVE, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon ECOVE Environment is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.43 times less risky than the market. the firm trades about -0.08 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.21 of returns per unit of risk over similar time horizon.

ECOVE Environment Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for ECOVE Environment's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ECOVE Environment Corp, and traders can use it to determine the average amount a ECOVE Environment'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 = -0.0775

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Negative Returns6803

Estimated Market Risk

 0.52
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96% of assets are more volatile

Expected Return

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Risk-Adjusted Return

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Most of other assets perform better
Based on monthly moving average ECOVE Environment 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 ECOVE Environment by adding ECOVE Environment to a well-diversified portfolio.

ECOVE Environment Fundamentals Growth

ECOVE Stock prices reflect investors' perceptions of the future prospects and financial health of ECOVE Environment, and ECOVE Environment 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 ECOVE Stock performance.

About ECOVE Environment Performance

Evaluating ECOVE Environment's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if ECOVE Environment 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 ECOVE Environment 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.
ECOVE Environment Corp. provides resources management services to public and private entities in China, Southeast Asia, India, and the United States of America. ECOVE Environment Corporation is a subsidiary of CTCI Corporation. ECOVE ENVIRONMENT operates under Waste Management classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 988 people.

Things to note about ECOVE Environment Corp performance evaluation

Checking the ongoing alerts about ECOVE Environment for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ECOVE Environment Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
ECOVE Environment generated a negative expected return over the last 90 days
About 59.0% of the company shares are owned by insiders or employees
Evaluating ECOVE Environment's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate ECOVE Environment's stock performance include:
  • Analyzing ECOVE Environment'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 ECOVE Environment's stock is overvalued or undervalued compared to its peers.
  • Examining ECOVE Environment'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 ECOVE Environment's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ECOVE Environment's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of ECOVE Environment's stock. These opinions can provide insight into ECOVE Environment's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating ECOVE Environment's stock performance is not an exact science, and many factors can impact ECOVE Environment's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Additional Tools for ECOVE Stock Analysis

When running ECOVE Environment's price analysis, check to measure ECOVE Environment'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 ECOVE Environment is operating at the current time. Most of ECOVE Environment's value examination focuses on studying past and present price action to predict the probability of ECOVE Environment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECOVE Environment's price. Additionally, you may evaluate how the addition of ECOVE Environment to your portfolios can decrease your overall portfolio volatility.