Ocean Plastics (Taiwan) Performance
| 1321 Stock | TWD 32.95 0.05 0.15% |
The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ocean Plastics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ocean Plastics is expected to be smaller as well. At this point, Ocean Plastics has a negative expected return of -0.27%. Please make sure to check Ocean Plastics' market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ocean Plastics performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Ocean Plastics Co has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 413.2 M | |
| Total Cashflows From Investing Activities | -235 M |
Ocean |
Ocean Plastics Relative Risk vs. Return Landscape
If you would invest 3,930 in Ocean Plastics Co on September 1, 2024 and sell it today you would lose (635.00) from holding Ocean Plastics Co or give up 16.16% of portfolio value over 90 days. Ocean Plastics Co is generating negative expected returns and assumes 1.0836% volatility on return distribution over the 90 days horizon. Simply put, 9% of stocks are less volatile than Ocean, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Ocean Plastics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Plastics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ocean Plastics Co, and traders can use it to determine the average amount a Ocean Plastics' 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 = -0.2524
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| Negative Returns | 1321 |
Estimated Market Risk
| 1.08 actual daily | 9 91% of assets are more volatile |
Expected Return
| -0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.25 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ocean Plastics 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 Ocean Plastics by adding Ocean Plastics to a well-diversified portfolio.
Ocean Plastics Fundamentals Growth
Ocean Stock prices reflect investors' perceptions of the future prospects and financial health of Ocean Plastics, and Ocean Plastics 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 Ocean Stock performance.
| Return On Equity | 0.0094 | |||
| Return On Asset | -0.0054 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | (0.02) % | |||
| Current Valuation | 10.3 B | |||
| Shares Outstanding | 220.68 M | |||
| Price To Earning | 1.18 X | |||
| Price To Book | 1.25 X | |||
| Price To Sales | 1.09 X | |||
| Revenue | 6.49 B | |||
| EBITDA | 574.18 M | |||
| Cash And Equivalents | 728.72 M | |||
| Cash Per Share | 3.25 X | |||
| Total Debt | 3.15 B | |||
| Debt To Equity | 81.20 % | |||
| Book Value Per Share | 27.23 X | |||
| Cash Flow From Operations | 370.86 M | |||
| Earnings Per Share | 0.27 X | |||
| Total Asset | 12.98 B | |||
| Retained Earnings | 2.75 B | |||
| Current Asset | 1.48 B | |||
| Current Liabilities | 1.22 B | |||
About Ocean Plastics Performance
Evaluating Ocean Plastics' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ocean Plastics 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 Ocean Plastics 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.
Ocean Plastics Co., Ltd. manufactures and sells PVC rigid pipes and sheets primarily in Taiwan. Ocean Plastics Co., Ltd. was founded in 1965 and is based in Taipei City, Taiwan. OCEAN PLASTICS operates under Rubber Plastics classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Ocean Plastics performance evaluation
Checking the ongoing alerts about Ocean Plastics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ocean Plastics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ocean Plastics generated a negative expected return over the last 90 days | |
| Ocean Plastics has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 23.0% of the company shares are owned by insiders or employees |
- Analyzing Ocean Plastics' 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 Ocean Plastics' stock is overvalued or undervalued compared to its peers.
- Examining Ocean Plastics' 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 Ocean Plastics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ocean Plastics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ocean Plastics' stock. These opinions can provide insight into Ocean Plastics' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Ocean Stock Analysis
When running Ocean Plastics' price analysis, check to measure Ocean Plastics' 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 Ocean Plastics is operating at the current time. Most of Ocean Plastics' value examination focuses on studying past and present price action to predict the probability of Ocean Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Plastics' price. Additionally, you may evaluate how the addition of Ocean Plastics to your portfolios can decrease your overall portfolio volatility.