Ziga Innovation (Thailand) Performance
| ZIGA Stock | THB 1.86 0.02 1.06% |
The firm maintains a market beta of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ziga Innovation are expected to decrease at a much lower rate. During the bear market, Ziga Innovation is likely to outperform the market. At this point, Ziga Innovation Public has a negative expected return of -0.0282%. Please make sure to check out Ziga Innovation's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Ziga Innovation Public 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 Ziga Innovation Public has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent forward-looking signals, Ziga Innovation is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
| Begin Period Cash Flow | 197.1 M | |
| Total Cashflows From Investing Activities | -152 M |
Ziga |
Ziga Innovation Relative Risk vs. Return Landscape
If you would invest 195.00 in Ziga Innovation Public on August 25, 2024 and sell it today you would lose (9.00) from holding Ziga Innovation Public or give up 4.62% of portfolio value over 90 days. Ziga Innovation Public is generating negative expected returns and assumes 3.0462% volatility on return distribution over the 90 days horizon. Simply put, 27% of stocks are less volatile than Ziga, 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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Ziga Innovation Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ziga Innovation's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ziga Innovation Public, and traders can use it to determine the average amount a Ziga Innovation'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 = -0.0092
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| Negative Returns | ZIGA |
Estimated Market Risk
| 3.05 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ziga Innovation 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 Ziga Innovation by adding Ziga Innovation to a well-diversified portfolio.
Ziga Innovation Fundamentals Growth
Ziga Stock prices reflect investors' perceptions of the future prospects and financial health of Ziga Innovation, and Ziga Innovation 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 Ziga Stock performance.
| Return On Equity | -0.0562 | |||
| Return On Asset | -0.011 | |||
| Profit Margin | (0.05) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 2.96 B | |||
| Shares Outstanding | 706.26 M | |||
| Price To Earning | 26.35 X | |||
| Price To Book | 2.54 X | |||
| Price To Sales | 2.04 X | |||
| Revenue | 1.14 B | |||
| EBITDA | 292.37 M | |||
| Cash And Equivalents | 138.63 M | |||
| Cash Per Share | 0.27 X | |||
| Total Debt | 141.25 M | |||
| Debt To Equity | 41.40 % | |||
| Book Value Per Share | 1.42 X | |||
| Cash Flow From Operations | (55.38 M) | |||
| Earnings Per Share | 0.18 X | |||
| Total Asset | 1.81 B | |||
About Ziga Innovation Performance
By examining Ziga Innovation's fundamental ratios, stakeholders can obtain critical insights into Ziga Innovation's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Ziga Innovation is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Ziga Innovation Public Company Limited manufactures and trades steel conduits and pipes in Thailand. Ziga Innovation Public Company Limited was incorporated in 1998 and is based in Samutprakarn, Thailand. ZIGA INNOVATION operates under Metal Fabrication classification in Thailand and is traded on Stock Exchange of Thailand.Things to note about Ziga Innovation Public performance evaluation
Checking the ongoing alerts about Ziga Innovation for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ziga Innovation Public help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Ziga Innovation generated a negative expected return over the last 90 days | |
| Ziga Innovation may become a speculative penny stock | |
| Ziga Innovation has high historical volatility and very poor performance | |
| Ziga Innovation Public has accumulated about 138.63 M in cash with (55.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 47.0% of the company outstanding shares are owned by insiders |
- Analyzing Ziga Innovation'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 Ziga Innovation's stock is overvalued or undervalued compared to its peers.
- Examining Ziga Innovation'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 Ziga Innovation's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ziga Innovation's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Ziga Innovation's stock. These opinions can provide insight into Ziga Innovation's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Ziga Stock
Ziga Innovation financial ratios help investors to determine whether Ziga Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ziga with respect to the benefits of owning Ziga Innovation security.