ECOVE Environment (Taiwan) Performance
| 6803 Stock | TWD 281.50 4.50 1.62% |
The firm shows a Beta (market volatility) of 0.016, which means not very significant fluctuations relative to the market. As returns on the market increase, ECOVE Environment's returns are expected to increase less than the market. However, during the bear market, the loss of holding ECOVE Environment is expected to be smaller as well. At this point, ECOVE Environment Corp has a negative expected return of -0.0675%. Please make sure to confirm ECOVE Environment's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if ECOVE Environment Corp performance from the past will be repeated in the future.
Risk-Adjusted Performance
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Over the last 90 days ECOVE Environment Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, ECOVE Environment is not utilizing all of its potentials. The latest stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
| Begin Period Cash Flow | 533.6 M | |
| Total Cashflows From Investing Activities | -1.1 B |
ECOVE |
ECOVE Environment Relative Risk vs. Return Landscape
If you would invest 29,400 in ECOVE Environment Corp on August 28, 2024 and sell it today you would lose (1,250) from holding ECOVE Environment Corp or give up 4.25% of portfolio value over 90 days. ECOVE Environment Corp is generating negative expected returns and assumes 0.5373% volatility on return distribution over the 90 days horizon. Simply put, 4% of stocks are less volatile than ECOVE, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ECOVE Environment Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ECOVE Environment's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as ECOVE Environment Corp, and traders can use it to determine the average amount a ECOVE Environment'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 = -0.1257
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| Negative Returns | 6803 |
Estimated Market Risk
| 0.54 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ECOVE Environment 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 ECOVE Environment by adding ECOVE Environment to a well-diversified portfolio.
ECOVE Environment Fundamentals Growth
ECOVE Stock prices reflect investors' perceptions of the future prospects and financial health of ECOVE Environment, and ECOVE Environment 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 ECOVE Stock performance.
| Return On Equity | 0.2 | |||
| Return On Asset | 0.0734 | |||
| Profit Margin | 0.15 % | |||
| Operating Margin | 0.21 % | |||
| Current Valuation | 17.81 B | |||
| Shares Outstanding | 69.88 M | |||
| Price To Earning | 16.34 X | |||
| Price To Book | 3.08 X | |||
| Price To Sales | 2.59 X | |||
| Revenue | 5.96 B | |||
| EBITDA | 1.71 B | |||
| Cash And Equivalents | 2.43 B | |||
| Cash Per Share | 36.11 X | |||
| Total Debt | 2.07 B | |||
| Debt To Equity | 42.20 % | |||
| Book Value Per Share | 80.38 X | |||
| Cash Flow From Operations | 2.01 B | |||
| Earnings Per Share | 13.99 X | |||
| Total Asset | 12.28 B | |||
About ECOVE Environment Performance
Evaluating ECOVE Environment's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if ECOVE Environment 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 ECOVE Environment 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.
ECOVE Environment Corp. provides resources management services to public and private entities in China, Southeast Asia, India, and the United States of America. ECOVE Environment Corporation is a subsidiary of CTCI Corporation. ECOVE ENVIRONMENT operates under Waste Management classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 988 people.Things to note about ECOVE Environment Corp performance evaluation
Checking the ongoing alerts about ECOVE Environment for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for ECOVE Environment Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| ECOVE Environment generated a negative expected return over the last 90 days | |
| About 59.0% of the company shares are owned by insiders or employees |
- Analyzing ECOVE Environment'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 ECOVE Environment's stock is overvalued or undervalued compared to its peers.
- Examining ECOVE Environment'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 ECOVE Environment's management team can have a significant impact on its success or failure. Reviewing the track record and experience of ECOVE Environment's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of ECOVE Environment's stock. These opinions can provide insight into ECOVE Environment's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for ECOVE Stock Analysis
When running ECOVE Environment's price analysis, check to measure ECOVE Environment'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 ECOVE Environment is operating at the current time. Most of ECOVE Environment's value examination focuses on studying past and present price action to predict the probability of ECOVE Environment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECOVE Environment's price. Additionally, you may evaluate how the addition of ECOVE Environment to your portfolios can decrease your overall portfolio volatility.