Cowealth Medical (Taiwan) Today
| 4745 Stock | TWD 23.75 0.15 0.64% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Cowealth Medical is selling for under 23.75 as of the 6th of May 2024; that is 0.64% increase since the beginning of the trading day. The stock's lowest day price was 23.55. Cowealth Medical has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Cowealth Medical Holding are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of April 2024 and ending today, the 6th of May 2024. Click here to learn more.
Cowealth Medical Holding Co., Ltd. operates as a medical distribution company primarily in the diagnostic clinical laboratory field in Greater China market. Cowealth Medical Holding Co., Ltd. was founded in 1997 and is based in Shanghai, China. COWEALTH MEDICAL operates under Medical Devices classification in Taiwan and is traded on Taiwan OTC Exchange.. The company has 77.45 M outstanding shares. More on Cowealth Medical Holding
Moving together with Cowealth Stock
| 0.77 | 3218 | Universal Vision Bio | PairCorr |
| 0.73 | 6762 | Delta Asia International | PairCorr |
| 0.75 | 9103 | Medtecs International | PairCorr |
Moving against Cowealth Stock
| 0.9 | 2317 | Hon Hai Precision | PairCorr |
| 0.88 | 2882 | Cathay Financial Holding | PairCorr |
| 0.84 | 4126 | Pacific Hospital Supply | PairCorr |
| 0.81 | 2882A | Cathay Financial Holding | PairCorr |
| 0.79 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.79 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.77 | 0057 | Fubon MSCI Taiwan | PairCorr |
Follow Valuation Odds of Bankruptcy
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Cowealth Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cowealth Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cowealth Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Drugs (View all Themes) |
| Business Concentration | Drugs, Medical Devices, Healthcare (View all Sectors) |
Cowealth Medical Holding (4745) is traded on Taiwan OTC Exchange in Taiwan and employs 15 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.94 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cowealth Medical's market, we take the total number of its shares issued and multiply it by Cowealth Medical's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cowealth Medical Holding operates under Healthcare sector and is part of Medical Devices industry. The entity has 77.45 M outstanding shares.
Cowealth Medical Holding has accumulated about 327.85 M in cash with (118.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.45.
Check Cowealth Medical Probability Of Bankruptcy
Ownership AllocationCowealth Medical Holding retains a total of 77.45 Million outstanding shares. Cowealth Medical Holding retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Cowealth Ownership Details
Cowealth Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Cowealth Medical jumping above the current price in 90 days from now is about 83.38%. The Cowealth Medical Holding probability density function shows the probability of Cowealth Medical stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Cowealth Medical has a beta of 0.0129. This suggests as returns on the market go up, Cowealth Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cowealth Medical Holding will be expected to be much smaller as well. Additionally, cowealth Medical Holding has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Cowealth Medical to move above the current price in 90 days from now is about 83.38 (This Cowealth Medical Holding probability density function shows the probability of Cowealth Stock to fall within a particular range of prices over 90 days) .
Cowealth Medical Holding Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cowealth Medical market risk premium is the additional return an investor will receive from holding Cowealth Medical 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 Cowealth Medical. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cowealth Medical's alpha and beta are two of the key measurements used to evaluate Cowealth Medical's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.3052 | |||
| Standard Deviation | 0.4226 | |||
| Variance | 0.1786 | |||
| Risk Adjusted Performance | (0.14) |
Cowealth Stock Against Markets
Picking the right benchmark for Cowealth Medical stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cowealth Medical stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cowealth Medical is critical whether you are bullish or bearish towards Cowealth Medical Holding at a given time. Please also check how Cowealth Medical's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cowealth Medical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Cowealth Stock?
Before investing in Cowealth Medical, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cowealth Medical. To buy Cowealth Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cowealth Medical. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cowealth Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cowealth Medical Holding stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cowealth Medical Holding stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cowealth Medical Holding, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Cowealth Medical Holding?
The danger of trading Cowealth Medical Holding is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cowealth Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cowealth Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cowealth Medical Holding is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cowealth Medical Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Cowealth Stock analysis
When running Cowealth Medical's price analysis, check to measure Cowealth Medical'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 Cowealth Medical is operating at the current time. Most of Cowealth Medical's value examination focuses on studying past and present price action to predict the probability of Cowealth Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cowealth Medical's price. Additionally, you may evaluate how the addition of Cowealth Medical to your portfolios can decrease your overall portfolio volatility.
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