Ase Industrial Holding Stock Alpha and Beta Analysis

ASX Stock  USD 9.93  0.12  1.22%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as ASE Industrial Holding. It also helps investors analyze the systematic and unsystematic risks associated with investing in ASE Industrial over a specified time horizon. Remember, high ASE Industrial's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to ASE Industrial's market risk premium analysis include:
Beta
1.3
Alpha
(0.08)
Risk
2.26
Sharpe Ratio
0.0211
Expected Return
0.0477
Please note that although ASE Industrial alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, ASE Industrial did 0.08  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of ASE Industrial Holding stock's relative risk over its benchmark. ASE Industrial Holding has a beta of 1.30  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ASE Industrial will likely underperform. At this time, ASE Industrial's Book Value Per Share is fairly stable compared to the past year. Tangible Book Value Per Share is likely to rise to 60.75 in 2024, whereas Enterprise Value is likely to drop slightly above 158.2 B in 2024.

ASE Industrial Quarterly Cash And Equivalents

9.68 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out ASE Industrial Backtesting, ASE Industrial Valuation, ASE Industrial Correlation, ASE Industrial Hype Analysis, ASE Industrial Volatility, ASE Industrial History and analyze ASE Industrial Performance.

ASE Industrial Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. ASE Industrial market risk premium is the additional return an investor will receive from holding ASE Industrial long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ASE Industrial. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate ASE Industrial's performance over market.
α-0.08   β1.30

ASE Industrial expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of ASE Industrial's Buy-and-hold return. Our buy-and-hold chart shows how ASE Industrial performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

ASE Industrial Market Price Analysis

Market price analysis indicators help investors to evaluate how ASE Industrial stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ASE Industrial shares will generate the highest return on investment. By understating and applying ASE Industrial stock market price indicators, traders can identify ASE Industrial position entry and exit signals to maximize returns.

ASE Industrial Return and Market Media

The median price of ASE Industrial for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 9.81 with a coefficient of variation of 3.49. The daily time series for the period is distributed with a sample standard deviation of 0.34, arithmetic mean of 9.83, and mean deviation of 0.26. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues
09/10/2024
2
Understanding ASX Ltd Insights into the Share Price and Tech Opportunities
09/30/2024
3
ASE Technology Stock Rating Upgraded by UBS Group
10/18/2024
4
Investors in ASX have unfortunately lost 13 percent over the last three years
10/25/2024
5
ASX Ltd Transitions Leadership Amid CHESS Replacement and Regulatory Challenges
10/28/2024
6
ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Third Quarter of 2024
10/31/2024
7
2 ASX shares worth watching ASX and BHP
11/06/2024
8
How you can value ASX and BHP shares
11/15/2024

About ASE Industrial Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including ASE or other stocks. Alpha measures the amount that position in ASE Industrial Holding has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2024 (projected)
Dividend Yield0.03940.07470.0331
Price To Sales Ratio0.80.61.42

ASE Industrial Upcoming Company Events

As portrayed in its financial statements, the presentation of ASE Industrial's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, ASE Industrial's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of ASE Industrial's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of ASE Industrial. Please utilize our Beneish M Score to check the likelihood of ASE Industrial's management manipulating its earnings.
1st of February 2024
Upcoming Quarterly Report
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25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
1st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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Additional Tools for ASE Stock Analysis

When running ASE Industrial's price analysis, check to measure ASE Industrial'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 ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.