Test Research (Taiwan) Buy Hold or Sell Recommendation
| 3030 Stock | TWD 133.50 3.50 2.55% |
Assuming the 90 days trading horizon and your complete indifference towards market risk, our recommendation regarding Test Research is 'Strong Buy'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Test Research given historical horizon and risk tolerance towards Test Research. When Macroaxis issues a 'buy' or 'sell' recommendation for Test Research, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Test Research Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Test and provide practical buy, sell, or hold advice based on investors' constraints. Test Research. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Test |
Execute Test Research Buy or Sell Advice
The Test recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Test Research. Macroaxis does not own or have any residual interests in Test Research or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Test Research's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Test Research Trading Alerts and Improvement Suggestions
| Test Research generated a negative expected return over the last 90 days | |
| Test Research has high historical volatility and very poor performance | |
| About 35.0% of the company shares are owned by insiders or employees |
Test Research Returns Distribution Density
The distribution of Test Research's historical returns is an attempt to chart the uncertainty of Test Research's future price movements. The chart of the probability distribution of Test Research daily returns describes the distribution of returns around its average expected value. We use Test Research price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Test Research returns is essential to provide solid investment advice for Test Research.
| Mean Return | -0.18 | Value At Risk | -5.76 | Potential Upside | 4.15 | Standard Deviation | 3.17 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Test Research historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Test Research Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Test Research or Electronic Equipment, Instruments & Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Test Research's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Test stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 0.62 | |
σ | Overall volatility | 3.19 | |
Ir | Information ratio | -0.1 |
Test Research Volatility Alert
Test Research exhibits very low volatility with skewness of 0.05 and kurtosis of 1.58. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Test Research's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Test Research's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Test Research Fundamentals Vs Peers
Comparing Test Research's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Test Research's direct or indirect competition across all of the common fundamentals between Test Research and the related equities. This way, we can detect undervalued stocks with similar characteristics as Test Research or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Test Research's fundamental indicators could also be used in its relative valuation, which is a method of valuing Test Research by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Test Research to competition |
| Fundamentals | Test Research | Peer Average |
| Return On Equity | 0.29 | -0.31 |
| Return On Asset | 0.15 | -0.14 |
| Profit Margin | 0.28 % | (1.27) % |
| Operating Margin | 0.30 % | (5.51) % |
| Current Valuation | 14.71 B | 16.62 B |
| Shares Outstanding | 236.22 M | 571.82 M |
| Shares Owned By Insiders | 34.60 % | 10.09 % |
| Shares Owned By Institutions | 13.95 % | 39.21 % |
| Price To Earning | 10.07 X | 28.72 X |
| Price To Book | 2.23 X | 9.51 X |
| Price To Sales | 2.31 X | 11.42 X |
| Revenue | 5.61 B | 9.43 B |
| Gross Profit | 3.05 B | 27.38 B |
| EBITDA | 1.7 B | 3.9 B |
| Net Income | 1.19 B | 570.98 M |
| Cash And Equivalents | 1.52 B | 2.7 B |
| Cash Per Share | 6.44 X | 5.01 X |
| Total Debt | 7.06 M | 5.32 B |
| Debt To Equity | 0.10 % | 48.70 % |
| Current Ratio | 4.69 X | 2.16 X |
| Book Value Per Share | 29.43 X | 1.93 K |
| Cash Flow From Operations | 591.41 M | 971.22 M |
| Earnings Per Share | 7.83 X | 3.12 X |
| Target Price | 51.6 | |
| Number Of Employees | 17 | 18.84 K |
| Beta | 0.29 | -0.15 |
| Market Capitalization | 14.72 B | 19.03 B |
| Total Asset | 8.01 B | 29.47 B |
| Retained Earnings | 2.6 B | 9.33 B |
| Working Capital | 2.87 B | 1.48 B |
| Current Asset | 4.71 B | 9.34 B |
| Current Liabilities | 1.84 B | 7.9 B |
| Annual Yield | 0.05 % |
Test Research Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Test . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 62837.46 | |||
| Daily Balance Of Power | (0.58) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 136.5 | |||
| Day Typical Price | 135.5 | |||
| Price Action Indicator | (4.75) | |||
| Period Momentum Indicator | (3.50) | |||
| Relative Strength Index | 24.56 |
About Test Research Buy or Sell Advice
When is the right time to buy or sell Test Research? Buying financial instruments such as Test Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Power Assets Theme or any other thematic opportunities.
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Additional Tools for Test Stock Analysis
When running Test Research's price analysis, check to measure Test Research'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 Research is operating at the current time. Most of Test Research's value examination focuses on studying past and present price action to predict the probability of Test Research'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 Research's price. Additionally, you may evaluate how the addition of Test Research to your portfolios can decrease your overall portfolio volatility.