Altek Corp (Taiwan) Performance
| 3059 Stock | TWD 32.00 0.15 0.47% |
The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Altek Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Altek Corp is expected to be smaller as well. At this point, Altek Corp has a negative expected return of -0.25%. Please make sure to confirm Altek Corp's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Altek Corp 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 Altek Corp 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 January 2025. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 5.4 B | |
| Total Cashflows From Investing Activities | -24.5 M |
Altek |
Altek Corp Relative Risk vs. Return Landscape
If you would invest 3,775 in Altek Corp on September 3, 2024 and sell it today you would lose (575.00) from holding Altek Corp or give up 15.23% of portfolio value over 90 days. Altek Corp is generating negative expected returns and assumes 1.4167% volatility on return distribution over the 90 days horizon. Simply put, 12% of stocks are less volatile than Altek, 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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Altek Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altek Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Altek Corp, and traders can use it to determine the average amount a Altek Corp'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 = -0.1779
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| Negative Returns | 3059 |
Estimated Market Risk
| 1.42 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Altek Corp 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 Altek Corp by adding Altek Corp to a well-diversified portfolio.
Altek Corp Fundamentals Growth
Altek Stock prices reflect investors' perceptions of the future prospects and financial health of Altek Corp, and Altek Corp 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 Altek Stock performance.
| Return On Equity | 0.0399 | |||
| Return On Asset | 0.0115 | |||
| Profit Margin | 0.03 % | |||
| Operating Margin | 0.02 % | |||
| Current Valuation | 7.41 B | |||
| Shares Outstanding | 274.64 M | |||
| Price To Earning | 34.94 X | |||
| Price To Book | 1.11 X | |||
| Price To Sales | 0.74 X | |||
| Revenue | 9.09 B | |||
| EBITDA | 747.49 M | |||
| Cash And Equivalents | 7.25 B | |||
| Cash Per Share | 26.46 X | |||
| Total Debt | 2.46 B | |||
| Debt To Equity | 25.10 % | |||
| Book Value Per Share | 32.32 X | |||
| Cash Flow From Operations | (211.38 M) | |||
| Earnings Per Share | 1.38 X | |||
| Total Asset | 16.34 B | |||
| Retained Earnings | 4.36 B | |||
| Current Asset | 9.38 B | |||
| Current Liabilities | 5.12 B | |||
About Altek Corp Performance
Evaluating Altek Corp's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Altek Corp 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 Altek Corp 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.
Altek Corporation engages in the development, manufacture, and sale of digital image technology application products. Altek Corporation was founded in 1996 and is headquartered in Hsinchu, Taiwan. ALTEK CORP is traded on Taiwan Stock Exchange in Taiwan.Things to note about Altek Corp performance evaluation
Checking the ongoing alerts about Altek Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Altek Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Altek Corp generated a negative expected return over the last 90 days | |
| Altek Corp has accumulated about 7.25 B in cash with (211.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 26.46. |
- Analyzing Altek Corp'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 Altek Corp's stock is overvalued or undervalued compared to its peers.
- Examining Altek Corp'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 Altek Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Altek Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Altek Corp's stock. These opinions can provide insight into Altek Corp's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Altek Stock Analysis
When running Altek Corp's price analysis, check to measure Altek Corp'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 Altek Corp is operating at the current time. Most of Altek Corp's value examination focuses on studying past and present price action to predict the probability of Altek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altek Corp's price. Additionally, you may evaluate how the addition of Altek Corp to your portfolios can decrease your overall portfolio volatility.