Elite Competitors

Stocks . Taiwan . 
Stock . Elite Advanced Laser
3450 Stock  TWD 256.00  2.00  0.79%   
Elite Advanced Laser competes with Taiwan Ostor, Taiwan Alpha, Litemax Electronics, Lin Horn, and United Recommend; as well as few others. The company operates under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. Analyzing Elite Advanced competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Elite Advanced to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Elite Advanced Correlation with its peers.

Elite Advanced vs Kingstate Electronics Correlation

Average diversification

The correlation between Elite Advanced Laser and 3206 is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elite Advanced Laser and 3206 in the same portfolio, assuming nothing else is changed.

Moving against Elite Stock

  0.324174 OBI Pharma SplitPairCorr
Hype
Prediction
LowEstimatedHigh
252.66256.00259.34
Details
Intrinsic
Valuation
LowRealHigh
208.02211.36281.60
Details
Naive
Forecast
LowNextHigh
261.24264.59267.93
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
238.46259.54280.62
Details

Elite Advanced Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elite Advanced and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Elite and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Elite Advanced Laser does not affect the price movement of the other competitor.

High positive correlations

6517
+ 0.86
8080
6474
+ 0.85
4995
6204
+ 0.82
6517
3206
+ 0.81
6474
6204
+ 0.8
8080
3206
+ 0.77
5321
  

High negative correlations

5321
- 0.89
8080
5321
- 0.84
6517
5321
- 0.79
6204
3206
- 0.69
4729
4956
- 0.68
5464
3206
- 0.64
4956

Risk-Adjusted Indicators

There is a big difference between Elite Stock performing well and Elite Advanced Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Elite Advanced's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
8080  2.00  0.49  0.15  1.46  2.23 
(2.93)
 9.90 
(2.56)
 20.00 
6517  2.05  0.26  0.08 (33.95) 1.92 
(2.52)
 4.31 
(3.31)
 14.81 
6204  2.21  0.18  0.03 (0.60) 2.24 
(2.69)
 4.53 
(4.19)
 13.00 
4995  0.75 (0.18) 0.00 (1.52) 0.00 
 0.00 
 1.49 
(1.88)
 7.45 
6474  1.22 (0.31) 0.00  2.60  0.00 
 0.00 
 2.47 
(3.53)
 11.55 
5464  0.91  0.07 (0.03)(0.15) 1.45 
(0.94)
 2.22 
(2.22)
 7.92 
5321  1.05 (0.31) 0.00 (5.25) 0.00 
 0.00 
 2.64 
(2.35)
 11.39 
4956  2.23  0.08  0.01  0.32  2.36 
(2.50)
 6.05 
(4.03)
 14.23 
4729  1.71  0.09  0.00 (0.83) 1.77 
(2.04)
 4.67 
(2.88)
 13.65 
3206  0.34 (0.13) 0.00 (0.76) 0.00 
 0.00 
 0.46 
(0.92)
 2.34 

Elite Advanced Competitive Analysis

The better you understand Elite Advanced competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elite Advanced's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Elite Advanced's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
3450 8080 6517 6204 4995 6474 5464 5321 4956 4729
 0.79 
 256.00 
Elite
 4.42 
 37.85 
Taiwan
 2.07 
 74.00 
BASO
 3.21 
 84.50 
Taiwan
 0.99 
 41.00 
Litemax
 0.14 
 35.80 
WFE
 0.78 
 25.95 
Lin
 1.90 
 31.00 
United
 0.24 
 20.80 
Epileds
 2.54 
 23.00 
Mildex
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Not too volatile
Market Performance
(90 Days Performance)
Weakest
Good
Fair
Mild
Weakest
Weakest
Weakest
Weakest
Soft
Soft
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Average
Fair
Low
Low
Unknown
Moderate
Low
Small
High
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
2.49
N/A
N/A
7.39
1.98
N/A
N/A
0.88
3.49
1.43
Net Asset
9.93 B
342.86 M
N/A
675.48 M
1.85 B
N/A
4.84 B
3.14 B
3.15 B
3.32 B
Profit Margin
0.0411
0.24
N/A
0.0561
0.16
N/A
0.25
0.0544
0.0197
-0.0317
EBITDA
1.75 B
(36.62 M)
N/A
356.03 M
172.1 M
N/A
389.54 M
341.7 M
341.45 M
(30.25 M)
Operating Margin
0.11
0.0408
N/A
0.0194
0.15
N/A
-0.0502
0.0787
-0.0048
0.0326
Current Valuation
4.06 B
282.23 M
N/A
1.17 B
1.75 B
N/A
3.98 B
3.41 B
1.96 B
2.27 B
Price To Book
1.43
1.39
N/A
4.18
1.74
N/A
1.16
3.63
0.76
1.16
Retained Earnings
2 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
618 M
N/A
Current Asset
4.83 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.82 B
N/A
Five Year Return
3.88
N/A
N/A
4.41
5.71
N/A
N/A
N/A
N/A
N/A
Beta
0.92
0.63
N/A
1.09
0.27
N/A
1.03
0.21
1.52
0.53
Number Of Employees
19
21
7
9
18
N/A
14
8
16
12
Shares Outstanding
145.68 M
16.66 M
N/A
23.1 M
41.9 M
N/A
71.07 M
34.97 M
100.41 M
77.73 M
Cash Flow From Operations
1.25 B
(7.14 M)
N/A
61.12 M
104.75 M
N/A
(1.11 B)
316.77 M
169.44 M
(24.89 M)
Annual Yield
0.045
N/A
N/A
0.14
0.0634
N/A
0.0735
0.0058
0.0255
N/A
Total Debt
275.94 M
N/A
N/A
18.25 M
489.67 M
N/A
854.42 M
531.2 M
716.95 M
737.62 M
Return On Equity
0.13
0.97
N/A
0.0642
0.25
N/A
0.25
0.3
0.0132
-0.0679
Z Score
12.6
N/A
N/A
40.8
1.8
N/A
1.2
3.0
1.2
0.6
Return On Asset
0.0498
0.0297
N/A
0.0071
0.0733
N/A
-0.0088
0.0456
-0.0013
0.0083
Book Value Per Share
27.55
7.71
N/A
13.91
21.81
N/A
21.59
16.03
19.21
13.46
Current Liabilities
2.08 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
867 M
N/A
Total Asset
9.93 B
342.86 M
N/A
675.48 M
1.85 B
N/A
4.84 B
3.14 B
3.15 B
3.32 B
Debt To Equity
5.9
N/A
N/A
2.0
25.5
N/A
N/A
1.98
38.1
1.5
Target Price
70.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
42.0
N/A
Last Dividend Paid
1.8
N/A
N/A
7.2
2.5
N/A
2.0
0.44
0.4
N/A
Shares Owned By Institutions
14.34
N/A
N/A
N/A
N/A
N/A
N/A
0.6
0.71
N/A
Market Capitalization
5.91 B
254.8 M
N/A
1.25 B
1.68 B
N/A
1.9 B
2.96 B
1.58 B
1.18 B
Price To Earning
16.97
N/A
N/A
14.81
13.7
N/A
N/A
N/A
40.23
N/A
Price To Sales
0.8
0.56
N/A
3.03
1.12
N/A
1.31
0.74
1.15
0.89
Net Income
371.05 M
(47.8 M)
N/A
286.62 M
112.15 M
N/A
341.94 M
108.59 M
144.09 M
(129.41 M)
Earnings Per Share
1.96
4.14
N/A
1.06
5.12
N/A
5.05
4.11
0.26
-1.08
Shares Owned By Insiders
8.11
59.22
N/A
66.6
51.26
N/A
53.49
61.1
30.2
53.1
Revenue
7.2 B
314.2 M
N/A
623.04 M
1.21 B
N/A
1.66 B
2.72 B
1.76 B
1.15 B
Working Capital
2.75 B
N/A
N/A
N/A
N/A
N/A
N/A
N/A
951 M
N/A
Cash And Equivalents
2.81 B
N/A
N/A
698.97 M
302.33 M
N/A
N/A
517.17 M
368.76 M
625.46 M
Cash Per Share
19.32
N/A
N/A
19.36
7.32
N/A
N/A
12.86
3.67
8.05
Gross Profit
1.69 B
63.11 M
N/A
173.44 M
355.93 M
N/A
42.69 M
970.2 M
389.2 M
120.58 M
Day Typical Price
256.67
38.13
74.17
85.57
41.15
35.88
26.2
31.03
20.78
22.95
Accumulation Distribution
108470.0
14156.96
62371.96
11160.78
580.93
398.34
2627.23
4623.04
19851.97
9091.58
Daily Balance Of Power
0.2857
(0.52)
0.3659
(0.88)
0.381
0.1111
0.16
(0.60)
(0.09)
(0.92)
Period Momentum Indicator
2.0
(1.75)
1.5
(2.80)
0.4
0.05
0.2
(0.60)
(0.05)
(0.60)
Rate Of Daily Change
1.01
0.96
1.02
0.97
1.01
1.0
1.01
0.98
1.0
0.97
Day Median Price
257.0
38.28
74.25
86.1
41.23
35.92
26.33
31.05
20.78
22.93
Price Action Indicator
N/A
(1.30)
0.5
(3.00)
(0.03)
(0.10)
(0.28)
(0.35)
N/A
(0.23)
Coefficient Of Variation
(8,550)
644.17
1050.41
1649.15
(735.69)
(629.49)
2712.85
(548.66)
2371.41
2515.15
Mean Deviation
2.5
2.0
2.05
2.21
0.746
1.22
0.9125
1.05
2.23
1.71
Jensen Alpha
(0.06)
0.4923
0.2588
0.1825
(0.18)
(0.31)
0.0669
(0.31)
0.0806
0.0943
Total Risk Alpha
(0.47)
0.0864
(0.10)
(0.19)
(0.32)
(0.57)
(0.14)
(0.51)
(0.26)
(0.22)
Sortino Ratio
N/A
0.1528
0.0788
0.0272
N/A
N/A
(0.03)
N/A
0.0079
(0)
Downside Variance
N/A
7.99
4.33
5.51
N/A
N/A
3.19
N/A
6.23
4.01
Standard Deviation
3.29
3.45
2.82
2.77
1.19
1.96
1.39
1.62
2.94
2.38
Kurtosis
1.28
4.5
3.19
0.2912
8.27
4.03
3.51
7.02
1.42
4.06
Potential Upside
5.71
9.9
4.31
4.53
1.49
2.47
2.22
2.64
6.05
4.67
Treynor Ratio
(0.60)
1.46
(33.95)
(0.60)
(1.52)
2.6
(0.15)
(5.25)
0.3223
(0.83)
Maximum Drawdown
14.09
20.0
14.81
13.0
7.45
11.55
7.92
11.39
14.23
13.65
Variance
10.84
11.93
7.93
7.66
1.42
3.86
1.94
2.63
8.62
5.67
Market Risk Adjusted Performance
(0.59)
1.47
(33.94)
(0.59)
(1.51)
2.61
(0.14)
(5.24)
0.3323
(0.82)
Risk Adjusted Performance
(0.0009)
0.1225
0.0777
0.0521
(0.1)
(0.11)
0.0319
(0.13)
0.0386
0.0363
Skewness
0.1922
0.7122
1.37
0.532
1.19
(0.44)
(0.41)
(1.29)
1.01
1.49
Semi Deviation
N/A
2.23
1.92
2.24
N/A
N/A
1.45
N/A
2.36
1.77
Information Ratio
(0.04)
0.1251
0.0583
0.0231
(0.22)
(0.21)
(0.04)
(0.25)
0.0067
(0)
Value At Risk
(4.46)
(2.56)
(3.31)
(4.19)
(1.88)
(3.53)
(2.22)
(2.35)
(4.03)
(2.88)
Expected Short fall
N/A
(2.93)
(2.52)
(2.69)
N/A
N/A
(0.94)
N/A
(2.50)
(2.04)
Downside Deviation
N/A
2.83
2.08
2.35
N/A
N/A
1.79
N/A
2.5
2.0
Semi Variance
N/A
4.97
3.7
5.03
N/A
N/A
2.11
N/A
5.56
3.13

Elite Advanced Competition Performance Charts

Five steps to successful analysis of Elite Advanced Competition

Elite Advanced's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Elite Advanced Laser in relation to its competition. Elite Advanced's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Elite Advanced in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Elite Advanced's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elite Advanced Laser, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Additional Tools for Elite Stock Analysis

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