MITECH CoLtd (Korea) Performance
| 179290 Stock | 8,010 260.00 3.14% |
The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MITECH CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding MITECH CoLtd is expected to be smaller as well. MITECH CoLtd currently secures a risk of 2.37%. Please verify MITECH CoLtd total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if MITECH CoLtd will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days MITECH CoLtd has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, MITECH CoLtd is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
MITECH |
MITECH CoLtd Relative Risk vs. Return Landscape
If you would invest 806,840 in MITECH CoLtd on October 12, 2024 and sell it today you would lose (5,840) from holding MITECH CoLtd or give up 0.72% of portfolio value over 90 days. MITECH CoLtd is generating 0.0159% of daily returns and assumes 2.3696% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than MITECH, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MITECH CoLtd Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MITECH CoLtd's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as MITECH CoLtd, and traders can use it to determine the average amount a MITECH CoLtd'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 = 0.0067
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| Negative Returns | 179290 |
Estimated Market Risk
| 2.37 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.02 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 MITECH CoLtd 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 MITECH CoLtd by adding MITECH CoLtd to a well-diversified portfolio.
Things to note about MITECH CoLtd performance evaluation
Checking the ongoing alerts about MITECH CoLtd for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for MITECH CoLtd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating MITECH CoLtd's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate MITECH CoLtd's stock performance include:- Analyzing MITECH CoLtd'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 MITECH CoLtd's stock is overvalued or undervalued compared to its peers.
- Examining MITECH CoLtd'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 MITECH CoLtd's management team can have a significant impact on its success or failure. Reviewing the track record and experience of MITECH CoLtd's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of MITECH CoLtd's stock. These opinions can provide insight into MITECH CoLtd's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for MITECH Stock analysis
When running MITECH CoLtd's price analysis, check to measure MITECH CoLtd'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 MITECH CoLtd is operating at the current time. Most of MITECH CoLtd's value examination focuses on studying past and present price action to predict the probability of MITECH CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MITECH CoLtd's price. Additionally, you may evaluate how the addition of MITECH CoLtd to your portfolios can decrease your overall portfolio volatility.
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