Shinkong Synthetic (Taiwan) Performance
| 1409 Stock | TWD 16.00 0.10 0.63% |
The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shinkong Synthetic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinkong Synthetic is expected to be smaller as well. At this point, Shinkong Synthetic Fiber has a negative expected return of -0.0083%. Please make sure to validate Shinkong Synthetic's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Shinkong Synthetic Fiber 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 Shinkong Synthetic Fiber has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Shinkong Synthetic 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 Flow | 11.9 B | |
| Total Cashflows From Investing Activities | -2.5 B |
Shinkong |
Shinkong Synthetic Relative Risk vs. Return Landscape
If you would invest 1,605 in Shinkong Synthetic Fiber on August 28, 2024 and sell it today you would lose (15.00) from holding Shinkong Synthetic Fiber or give up 0.93% of portfolio value over 90 days. Shinkong Synthetic Fiber is generating negative expected returns and assumes 1.1544% volatility on return distribution over the 90 days horizon. Simply put, 10% of stocks are less volatile than Shinkong, 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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Shinkong Synthetic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinkong Synthetic's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Shinkong Synthetic Fiber, and traders can use it to determine the average amount a Shinkong Synthetic'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 = -0.0072
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| Negative Returns | 1409 |
Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shinkong Synthetic 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 Shinkong Synthetic by adding Shinkong Synthetic to a well-diversified portfolio.
Shinkong Synthetic Fundamentals Growth
Shinkong Stock prices reflect investors' perceptions of the future prospects and financial health of Shinkong Synthetic, and Shinkong Synthetic 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 Shinkong Stock performance.
| Return On Equity | 0.1 | |||
| Return On Asset | 0.021 | |||
| Profit Margin | 0.08 % | |||
| Operating Margin | 0.13 % | |||
| Current Valuation | 52.93 B | |||
| Shares Outstanding | 1.61 B | |||
| Price To Earning | 8.38 X | |||
| Price To Book | 0.82 X | |||
| Price To Sales | 0.59 X | |||
| Revenue | 44.16 B | |||
| EBITDA | 8.35 B | |||
| Cash And Equivalents | 13.41 B | |||
| Cash Per Share | 8.32 X | |||
| Total Debt | 15.79 B | |||
| Debt To Equity | 88.50 % | |||
| Book Value Per Share | 21.54 X | |||
| Cash Flow From Operations | (2.56 B) | |||
| Earnings Per Share | 2.27 X | |||
| Total Asset | 196.03 B | |||
| Retained Earnings | 6.39 B | |||
| Current Asset | 77.59 B | |||
| Current Liabilities | 84.56 B | |||
About Shinkong Synthetic Performance
Evaluating Shinkong Synthetic's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Shinkong Synthetic 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 Shinkong Synthetic 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.
Shinkong Synthetic Fibers Corporation produces and sells polyester fibers and polymers in Taiwan and internationally. Shinkong Synthetic Fibers Corporation was founded in 1967 and is headquartered in Taipei, Taiwan. SHINKONG SYNTHETIC operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Shinkong Synthetic Fiber performance evaluation
Checking the ongoing alerts about Shinkong Synthetic for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Shinkong Synthetic Fiber help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Shinkong Synthetic generated a negative expected return over the last 90 days | |
| Shinkong Synthetic has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Shinkong Synthetic Fiber has accumulated 15.79 B in total debt with debt to equity ratio (D/E) of 88.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Shinkong Synthetic Fiber has a current ratio of 0.89, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Shinkong Synthetic until it has trouble settling it off, either with new capital or with free cash flow. So, Shinkong Synthetic's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Shinkong Synthetic Fiber sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Shinkong to invest in growth at high rates of return. When we think about Shinkong Synthetic's use of debt, we should always consider it together with cash and equity. | |
| Shinkong Synthetic Fiber has accumulated about 13.41 B in cash with (2.56 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.32. | |
| Roughly 30.0% of Shinkong Synthetic shares are owned by insiders or employees |
- Analyzing Shinkong Synthetic'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 Shinkong Synthetic's stock is overvalued or undervalued compared to its peers.
- Examining Shinkong Synthetic'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 Shinkong Synthetic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Shinkong Synthetic's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Shinkong Synthetic's stock. These opinions can provide insight into Shinkong Synthetic's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Shinkong Stock Analysis
When running Shinkong Synthetic's price analysis, check to measure Shinkong Synthetic'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 Shinkong Synthetic is operating at the current time. Most of Shinkong Synthetic's value examination focuses on studying past and present price action to predict the probability of Shinkong Synthetic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Synthetic's price. Additionally, you may evaluate how the addition of Shinkong Synthetic to your portfolios can decrease your overall portfolio volatility.