Nankang Rubber (Taiwan) Performance
| 2101 Stock | TWD 50.30 0.55 1.11% |
The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nankang Rubber are expected to decrease at a much lower rate. During the bear market, Nankang Rubber is likely to outperform the market. At this point, Nankang Rubber Tire has a negative expected return of -0.0042%. Please make sure to verify Nankang Rubber's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Nankang Rubber Tire 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 Nankang Rubber Tire has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Nankang Rubber 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 | 4 B | |
| Total Cashflows From Investing Activities | -2.1 B |
Nankang |
Nankang Rubber Relative Risk vs. Return Landscape
If you would invest 5,060 in Nankang Rubber Tire on September 4, 2024 and sell it today you would lose (85.00) from holding Nankang Rubber Tire or give up 1.68% of portfolio value over 90 days. Nankang Rubber Tire is generating negative expected returns and assumes 2.1402% volatility on return distribution over the 90 days horizon. Simply put, 19% of stocks are less volatile than Nankang, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Nankang Rubber Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nankang Rubber's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nankang Rubber Tire, and traders can use it to determine the average amount a Nankang Rubber'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 = -0.002
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| Negative Returns | 2101 |
Estimated Market Risk
| 2.14 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nankang Rubber 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 Nankang Rubber by adding Nankang Rubber to a well-diversified portfolio.
Nankang Rubber Fundamentals Growth
Nankang Stock prices reflect investors' perceptions of the future prospects and financial health of Nankang Rubber, and Nankang Rubber 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 Nankang Stock performance.
| Return On Equity | -0.0956 | |||
| Return On Asset | -0.008 | |||
| Profit Margin | (0.14) % | |||
| Operating Margin | (0.06) % | |||
| Current Valuation | 43.28 B | |||
| Shares Outstanding | 833.09 M | |||
| Price To Earning | 82.07 X | |||
| Price To Book | 2.67 X | |||
| Price To Sales | 3.71 X | |||
| Revenue | 8.08 B | |||
| EBITDA | 642.53 M | |||
| Cash And Equivalents | 2.6 B | |||
| Cash Per Share | 3.24 X | |||
| Total Debt | 7.34 B | |||
| Debt To Equity | 98.10 % | |||
| Book Value Per Share | 13.00 X | |||
| Cash Flow From Operations | (2.86 B) | |||
| Earnings Per Share | (0.88) X | |||
| Total Asset | 37.32 B | |||
| Retained Earnings | 2.55 B | |||
| Current Asset | 12.79 B | |||
| Current Liabilities | 8.24 B | |||
About Nankang Rubber Performance
Evaluating Nankang Rubber's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nankang Rubber 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 Nankang Rubber 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.
,Ltd. produces and sells tires in Taiwan and internationally. The company was founded in 1959 and is headquartered in Taipei City, Taiwan. NAN KANG is traded on Taiwan Stock Exchange in Taiwan.Things to note about Nankang Rubber Tire performance evaluation
Checking the ongoing alerts about Nankang Rubber for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nankang Rubber Tire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nankang Rubber Tire generated a negative expected return over the last 90 days | |
| Nankang Rubber Tire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 8.08 B. Net Loss for the year was (243.25 M) with profit before overhead, payroll, taxes, and interest of 1.32 B. | |
| Nankang Rubber Tire has accumulated about 2.6 B in cash with (2.86 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.24. | |
| Roughly 55.0% of the company shares are owned by insiders or employees |
- Analyzing Nankang Rubber'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 Nankang Rubber's stock is overvalued or undervalued compared to its peers.
- Examining Nankang Rubber'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 Nankang Rubber's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nankang Rubber's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nankang Rubber's stock. These opinions can provide insight into Nankang Rubber's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Nankang Stock Analysis
When running Nankang Rubber's price analysis, check to measure Nankang Rubber'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 Nankang Rubber is operating at the current time. Most of Nankang Rubber's value examination focuses on studying past and present price action to predict the probability of Nankang Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nankang Rubber's price. Additionally, you may evaluate how the addition of Nankang Rubber to your portfolios can decrease your overall portfolio volatility.