Novatek Microelectronics (Taiwan) Performance
| 3034 Stock | TWD 483.50 7.50 1.53% |
The company secures a Beta (Market Risk) of 0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Novatek Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Novatek Microelectronics is expected to be smaller as well. At this point, Novatek Microelectronics has a negative expected return of -0.14%. Please make sure to verify Novatek Microelectronics' total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Novatek Microelectronics 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 Novatek Microelectronics Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's basic indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 22.9 B | |
| Total Cashflows From Investing Activities | -8.4 B |
Novatek |
Novatek Microelectronics Relative Risk vs. Return Landscape
If you would invest 54,100 in Novatek Microelectronics Corp on August 28, 2024 and sell it today you would lose (5,000) from holding Novatek Microelectronics Corp or give up 9.24% of portfolio value over 90 days. Novatek Microelectronics Corp is generating negative expected returns and assumes 1.5527% volatility on return distribution over the 90 days horizon. Simply put, 13% of stocks are less volatile than Novatek, 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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Novatek Microelectronics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novatek Microelectronics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Novatek Microelectronics Corp, and traders can use it to determine the average amount a Novatek Microelectronics' 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 = -0.0913
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| Negative Returns | 3034 |
Estimated Market Risk
| 1.55 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.14 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novatek Microelectronics 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 Novatek Microelectronics by adding Novatek Microelectronics to a well-diversified portfolio.
Novatek Microelectronics Fundamentals Growth
Novatek Stock prices reflect investors' perceptions of the future prospects and financial health of Novatek Microelectronics, and Novatek Microelectronics 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 Novatek Stock performance.
| Return On Equity | 0.42 | |||
| Return On Asset | 0.26 | |||
| Profit Margin | 0.25 % | |||
| Operating Margin | 0.30 % | |||
| Current Valuation | 144.82 B | |||
| Shares Outstanding | 608.51 M | |||
| Price To Earning | 13.01 X | |||
| Price To Book | 3.05 X | |||
| Price To Sales | 1.54 X | |||
| Revenue | 135.37 B | |||
| EBITDA | 49.24 B | |||
| Cash And Equivalents | 20.45 B | |||
| Cash Per Share | 33.60 X | |||
| Total Debt | 293.66 M | |||
| Debt To Equity | 1.00 % | |||
| Book Value Per Share | 100.74 X | |||
| Cash Flow From Operations | 41.72 B | |||
| Earnings Per Share | 57.16 X | |||
| Total Asset | 120.59 B | |||
| Retained Earnings | 20.21 B | |||
| Current Asset | 34.22 B | |||
| Current Liabilities | 10.2 B | |||
About Novatek Microelectronics Performance
Evaluating Novatek Microelectronics' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Novatek Microelectronics 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 Novatek Microelectronics 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.
Novatek Microelectronics Corp. and its subsidiaries research, develop, manufacture, and sell integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications. Novatek Microelectronics Corp. was founded in 1997 and is headquartered in Hsinchu, Taiwan. NOVATEK MICROELECTRONICS operates under Semiconductors classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Novatek Microelectronics performance evaluation
Checking the ongoing alerts about Novatek Microelectronics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Novatek Microelectronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Novatek Microelectronics generated a negative expected return over the last 90 days |
- Analyzing Novatek Microelectronics' 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 Novatek Microelectronics' stock is overvalued or undervalued compared to its peers.
- Examining Novatek Microelectronics' 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 Novatek Microelectronics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Novatek Microelectronics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Novatek Microelectronics' stock. These opinions can provide insight into Novatek Microelectronics' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Novatek Stock Analysis
When running Novatek Microelectronics' price analysis, check to measure Novatek Microelectronics' 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 Novatek Microelectronics is operating at the current time. Most of Novatek Microelectronics' value examination focuses on studying past and present price action to predict the probability of Novatek Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatek Microelectronics' price. Additionally, you may evaluate how the addition of Novatek Microelectronics to your portfolios can decrease your overall portfolio volatility.