Shinkong Textile (Taiwan) Performance
| 1419 Stock | TWD 45.50 0.15 0.33% |
The entity has a beta of 0.0894, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shinkong Textile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinkong Textile is expected to be smaller as well. At this point, Shinkong Textile has a negative expected return of -0.0846%. Please make sure to validate Shinkong Textile's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shinkong Textile 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 Textile Co has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Shinkong Textile 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 | 594.8 M | |
| Total Cashflows From Investing Activities | 705.4 M |
Shinkong |
Shinkong Textile Relative Risk vs. Return Landscape
If you would invest 4,825 in Shinkong Textile Co on September 3, 2024 and sell it today you would lose (275.00) from holding Shinkong Textile Co or give up 5.7% of portfolio value over 90 days. Shinkong Textile Co is generating negative expected returns and assumes 1.3126% volatility on return distribution over the 90 days horizon. Simply put, 11% 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 Textile Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinkong Textile's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Shinkong Textile Co, and traders can use it to determine the average amount a Shinkong Textile'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 = -0.0645
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| Negative Returns | 1419 |
Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Shinkong Textile 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 Textile by adding Shinkong Textile to a well-diversified portfolio.
Shinkong Textile Fundamentals Growth
Shinkong Stock prices reflect investors' perceptions of the future prospects and financial health of Shinkong Textile, and Shinkong Textile 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 | 0.19 | |||
| Return On Asset | 0.01 | |||
| Profit Margin | 0.61 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 12.52 B | |||
| Shares Outstanding | 299.24 M | |||
| Price To Earning | 37.08 X | |||
| Price To Book | 1.04 X | |||
| Price To Sales | 3.64 X | |||
| Revenue | 2.75 B | |||
| EBITDA | 641.81 M | |||
| Cash And Equivalents | 1.44 B | |||
| Cash Per Share | 4.81 X | |||
| Total Debt | 2.62 B | |||
| Debt To Equity | 29.90 % | |||
| Book Value Per Share | 38.24 X | |||
| Cash Flow From Operations | (62.11 M) | |||
| Earnings Per Share | 6.76 X | |||
| Total Asset | 16.14 B | |||
| Retained Earnings | 1.75 B | |||
| Current Asset | 2.07 B | |||
| Current Liabilities | 3.7 B | |||
About Shinkong Textile Performance
Evaluating Shinkong Textile's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Shinkong Textile 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 Textile 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.
It offers digital print, dyed fabric, reflective yarn, flannel, and bi-stretch fabric services for synthetic fibers. The company also provides base layers, mid layers, and outer wear knits and wool textile products. SHINKONG TEXTILE operates under Apparel Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Shinkong Textile performance evaluation
Checking the ongoing alerts about Shinkong Textile for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Shinkong Textile help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Shinkong Textile generated a negative expected return over the last 90 days | |
| Shinkong Textile Co has accumulated 2.62 B in total debt with debt to equity ratio (D/E) of 29.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Shinkong Textile has a current ratio of 0.74, 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 Textile until it has trouble settling it off, either with new capital or with free cash flow. So, Shinkong Textile'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 Textile 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 Textile's use of debt, we should always consider it together with cash and equity. | |
| Shinkong Textile Co has accumulated about 1.44 B in cash with (62.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.81. | |
| Roughly 50.0% of Shinkong Textile shares are owned by insiders or employees |
- Analyzing Shinkong Textile'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 Textile's stock is overvalued or undervalued compared to its peers.
- Examining Shinkong Textile'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 Textile's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Shinkong Textile's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Shinkong Textile's stock. These opinions can provide insight into Shinkong Textile's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Shinkong Stock Analysis
When running Shinkong Textile's price analysis, check to measure Shinkong Textile'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 Textile is operating at the current time. Most of Shinkong Textile's value examination focuses on studying past and present price action to predict the probability of Shinkong Textile'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 Textile's price. Additionally, you may evaluate how the addition of Shinkong Textile to your portfolios can decrease your overall portfolio volatility.