M3 Technology (Taiwan) Performance
| 6799 Stock | 95.20 3.80 3.84% |
The firm owns a Beta (Systematic Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning M3 Technology are expected to decrease at a much lower rate. During the bear market, M3 Technology is likely to outperform the market. At this point, M3 Technology has a negative expected return of -0.29%. Please make sure to verify M3 Technology's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if M3 Technology performance from the past will be repeated sooner or later.
Risk-Adjusted Performance
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Over the last 90 days M3 Technology 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 December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
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M3 Technology Relative Risk vs. Return Landscape
If you would invest 11,650 in M3 Technology on September 1, 2024 and sell it today you would lose (2,130) from holding M3 Technology or give up 18.28% of portfolio value over 90 days. M3 Technology is generating negative expected returns and assumes 2.7082% volatility on return distribution over the 90 days horizon. Simply put, 24% of stocks are less volatile than 6799, 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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M3 Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for M3 Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as M3 Technology, and traders can use it to determine the average amount a M3 Technology'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 = -0.1068
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| Negative Returns | 6799 |
Estimated Market Risk
| 2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average M3 Technology 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 M3 Technology by adding M3 Technology to a well-diversified portfolio.
Things to note about M3 Technology performance evaluation
Checking the ongoing alerts about M3 Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for M3 Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| M3 Technology generated a negative expected return over the last 90 days |
- Analyzing M3 Technology'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 M3 Technology's stock is overvalued or undervalued compared to its peers.
- Examining M3 Technology'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 M3 Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of M3 Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of M3 Technology's stock. These opinions can provide insight into M3 Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for 6799 Stock Analysis
When running M3 Technology's price analysis, check to measure M3 Technology'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 M3 Technology is operating at the current time. Most of M3 Technology's value examination focuses on studying past and present price action to predict the probability of M3 Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move M3 Technology's price. Additionally, you may evaluate how the addition of M3 Technology to your portfolios can decrease your overall portfolio volatility.