Test Rite Financials
| 2908 Stock | TWD 20.15 0.15 0.74% |
Test |
Understanding current and past Test Rite Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Test Rite's financial statements are interrelated, with each one affecting the others. For example, an increase in Test Rite's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Test Rite's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Test Rite International. Check Test Rite's Beneish M Score to see the likelihood of Test Rite's management manipulating its earnings.
Test Rite Stock Summary
Test Rite competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Test-Rite International Co., Ltd. imports and exports hand tools, auto parts, machinery, furniture, and various home appliances worldwide. The company was founded in 1978 and is headquartered in Taipei, Taiwan. TEST RITE operates under Home Improvement Stores classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 5170 people.| Instrument | Taiwan Stock View All |
| Exchange | Taiwan Stock Exchange |
| ISIN | TW0002908001 |
| Business Address | No 23, Hsin |
| Sector | Distributors |
| Industry | Consumer Discretionary |
| Benchmark | Dow Jones Industrial |
| Website | www.testritegroup.com |
| Phone | 886 2 8791 5888 |
| Currency | TWD - New Taiwan Dollar |
You should never invest in Test Rite without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Test Stock, because this is throwing your money away. Analyzing the key information contained in Test Rite's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Test Rite Key Financial Ratios
There are many critical financial ratios that Test Rite's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Test Rite International reports annually and quarterly.| Return On Equity | 0.0936 | |||
| Return On Asset | 0.0048 | |||
| Target Price | 25.0 | |||
| Beta | 0.25 | |||
| Z Score | 1.6 |
Test Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Test Rite's current stock value. Our valuation model uses many indicators to compare Test Rite value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Test Rite competition to find correlations between indicators driving Test Rite's intrinsic value. More Info.Test Rite International is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.05 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Test Rite International is roughly 19.50 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Test Rite's earnings, one of the primary drivers of an investment's value.Test Rite International Systematic Risk
Test Rite's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Test Rite volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Test Rite International correlated with the market. If Beta is less than 0 Test Rite generally moves in the opposite direction as compared to the market. If Test Rite Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Test Rite International is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Test Rite is generally in the same direction as the market. If Beta > 1 Test Rite moves generally in the same direction as, but more than the movement of the benchmark.
Test Rite November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Test Rite help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Test Rite International. We use our internally-developed statistical techniques to arrive at the intrinsic value of Test Rite International based on widely used predictive technical indicators. In general, we focus on analyzing Test Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Test Rite's daily price indicators and compare them against related drivers.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.7407 |
Additional Tools for Test Stock Analysis
When running Test Rite's price analysis, check to measure Test Rite'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 Test Rite is operating at the current time. Most of Test Rite's value examination focuses on studying past and present price action to predict the probability of Test Rite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Test Rite's price. Additionally, you may evaluate how the addition of Test Rite to your portfolios can decrease your overall portfolio volatility.