MITECH CoLtd (Korea) Performance
| 179290 Stock | 8,150 160.00 1.93% |
MITECH CoLtd has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MITECH CoLtd are expected to decrease at a much lower rate. During the bear market, MITECH CoLtd is likely to outperform the market. MITECH CoLtd currently secures a risk of 2.45%. Please verify MITECH CoLtd standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if MITECH CoLtd will be following its current price movements.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in MITECH CoLtd are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, MITECH CoLtd may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
MITECH |
MITECH CoLtd Relative Risk vs. Return Landscape
If you would invest 760,000 in MITECH CoLtd on September 23, 2024 and sell it today you would earn a total of 55,000 from holding MITECH CoLtd or generate 7.24% return on investment over 90 days. MITECH CoLtd is generating 0.1405% of daily returns and assumes 2.4516% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than MITECH, and 98% 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 = 0.0573
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| Cash | Small Risk | 179290 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.45 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average MITECH CoLtd is performing at about 4% of its full potential. 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 it 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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