Ritek Corp (Taiwan) Performance
| 2349 Stock | TWD 15.10 0.35 2.27% |
The company holds a Beta of -0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ritek Corp are expected to decrease at a much lower rate. During the bear market, Ritek Corp is likely to outperform the market. At this point, Ritek Corp has a negative expected return of -0.12%. Please make sure to check Ritek 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 Ritek 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 Ritek 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 | 4.2 B | |
| Total Cashflows From Investing Activities | -237.7 M | |
| Free Cash Flow | 194.7 M |
Ritek |
Ritek Corp Relative Risk vs. Return Landscape
If you would invest 1,665 in Ritek Corp on September 1, 2024 and sell it today you would lose (155.00) from holding Ritek Corp or give up 9.31% of portfolio value over 90 days. Ritek Corp is generating negative expected returns and assumes 2.8274% volatility on return distribution over the 90 days horizon. Simply put, 25% of stocks are less volatile than Ritek, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Ritek Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ritek Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ritek Corp, and traders can use it to determine the average amount a Ritek 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 = -0.0414
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| Negative Returns | 2349 |
Estimated Market Risk
| 2.83 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ritek 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 Ritek Corp by adding Ritek Corp to a well-diversified portfolio.
Ritek Corp Fundamentals Growth
Ritek Stock prices reflect investors' perceptions of the future prospects and financial health of Ritek Corp, and Ritek 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 Ritek Stock performance.
| Return On Equity | -0.0051 | |||
| Return On Asset | -0.0091 | |||
| Profit Margin | (0.02) % | |||
| Operating Margin | (0.04) % | |||
| Current Valuation | 8.47 B | |||
| Shares Outstanding | 693.68 M | |||
| Price To Book | 0.95 X | |||
| Price To Sales | 0.73 X | |||
| Revenue | 7.48 B | |||
| EBITDA | 1.11 B | |||
| Cash And Equivalents | 4.57 B | |||
| Cash Per Share | 6.59 X | |||
| Total Debt | 3.37 B | |||
| Debt To Equity | 0.73 % | |||
| Book Value Per Share | 8.60 X | |||
| Cash Flow From Operations | 455.81 M | |||
| Earnings Per Share | (0.49) X | |||
| Total Asset | 19.24 B | |||
| Retained Earnings | (8.94 B) | |||
| Current Asset | 7.94 B | |||
| Current Liabilities | 4.98 B | |||
About Ritek Corp Performance
Evaluating Ritek Corp's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Ritek 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 Ritek 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.
RITEK Corporation manufactures and markets optical storage media products worldwide. RITEK Corporation was founded in 1988 and is headquartered in Hsinchu City, Taiwan. RITEK CORP operates under Computer Hardware classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Ritek Corp performance evaluation
Checking the ongoing alerts about Ritek Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ritek Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ritek Corp generated a negative expected return over the last 90 days | |
| The company reported the revenue of 7.48 B. Net Loss for the year was (341.24 M) with profit before overhead, payroll, taxes, and interest of 1.19 B. |
- Analyzing Ritek 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 Ritek Corp's stock is overvalued or undervalued compared to its peers.
- Examining Ritek 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 Ritek Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ritek Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ritek Corp's stock. These opinions can provide insight into Ritek Corp's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Ritek Stock Analysis
When running Ritek Corp's price analysis, check to measure Ritek 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 Ritek Corp is operating at the current time. Most of Ritek Corp's value examination focuses on studying past and present price action to predict the probability of Ritek 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 Ritek Corp's price. Additionally, you may evaluate how the addition of Ritek Corp to your portfolios can decrease your overall portfolio volatility.