Formosa Petrochemical (Taiwan) Performance
| 6505 Stock | TWD 43.95 0.40 0.92% |
The firm shows a Beta (market volatility) of -0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formosa Petrochemical are expected to decrease at a much lower rate. During the bear market, Formosa Petrochemical is likely to outperform the market. At this point, Formosa Petrochemical has a negative expected return of -0.4%. Please make sure to confirm Formosa Petrochemical's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Formosa Petrochemical 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 Formosa Petrochemical 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 December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 43 B | |
| Total Cashflows From Investing Activities | -6.7 B |
Formosa |
Formosa Petrochemical Relative Risk vs. Return Landscape
If you would invest 5,700 in Formosa Petrochemical Corp on August 28, 2024 and sell it today you would lose (1,305) from holding Formosa Petrochemical Corp or give up 22.89% of portfolio value over 90 days. Formosa Petrochemical Corp is generating negative expected returns and assumes 1.975% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than Formosa, 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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Formosa Petrochemical Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa Petrochemical's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Formosa Petrochemical Corp, and traders can use it to determine the average amount a Formosa Petrochemical'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 = -0.2021
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| Negative Returns | 6505 |
Estimated Market Risk
| 1.98 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.4 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosa Petrochemical 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 Formosa Petrochemical by adding Formosa Petrochemical to a well-diversified portfolio.
Formosa Petrochemical Fundamentals Growth
Formosa Stock prices reflect investors' perceptions of the future prospects and financial health of Formosa Petrochemical, and Formosa Petrochemical 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 Formosa Stock performance.
| Return On Equity | 0.0933 | |||
| Return On Asset | 0.0385 | |||
| Profit Margin | 0.04 % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 755.81 B | |||
| Shares Outstanding | 9.53 B | |||
| Price To Earning | 19.89 X | |||
| Price To Book | 2.38 X | |||
| Price To Sales | 0.94 X | |||
| Revenue | 620.06 B | |||
| EBITDA | 75.36 B | |||
| Cash And Equivalents | 104.17 B | |||
| Cash Per Share | 10.94 X | |||
| Total Debt | 29.2 B | |||
| Debt To Equity | 6.40 % | |||
| Book Value Per Share | 34.27 X | |||
| Cash Flow From Operations | 35.53 B | |||
| Earnings Per Share | 3.35 X | |||
| Total Asset | 458.76 B | |||
| Retained Earnings | 128.41 B | |||
| Current Asset | 240.35 B | |||
| Current Liabilities | 57.61 B | |||
About Formosa Petrochemical Performance
Evaluating Formosa Petrochemical's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Formosa Petrochemical 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 Formosa Petrochemical 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.
Formosa Petrochemical Corporation engages in petrochemical and public utility businesses in Taiwan, the Philippines, Singapore, Malaysia, the Peoples Republic of China, Korea, and internationally. Formosa Petrochemical Corporation was founded in 1992 and is headquartered in Mailiao, Taiwan. FORMOSA PETROCHEMICAL operates under Petroleum Refiners And Distributors classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Formosa Petrochemical performance evaluation
Checking the ongoing alerts about Formosa Petrochemical for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Formosa Petrochemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Formosa Petrochemical generated a negative expected return over the last 90 days | |
| About 88.0% of the company shares are owned by insiders or employees |
- Analyzing Formosa Petrochemical'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 Formosa Petrochemical's stock is overvalued or undervalued compared to its peers.
- Examining Formosa Petrochemical'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 Formosa Petrochemical's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Formosa Petrochemical's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Formosa Petrochemical's stock. These opinions can provide insight into Formosa Petrochemical's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Formosa Stock Analysis
When running Formosa Petrochemical's price analysis, check to measure Formosa Petrochemical'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 Formosa Petrochemical is operating at the current time. Most of Formosa Petrochemical's value examination focuses on studying past and present price action to predict the probability of Formosa Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Petrochemical's price. Additionally, you may evaluate how the addition of Formosa Petrochemical to your portfolios can decrease your overall portfolio volatility.