New Best (Taiwan) Performance
| 5013 Stock | TWD 34.30 0.20 0.59% |
The company secures a Beta (Market Risk) of -0.0994, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning New Best are expected to decrease at a much lower rate. During the bear market, New Best is likely to outperform the market. New Best Wire has an expected return of -0.0075%. Please make sure to verify New Best Wire total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if New Best Wire performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days New Best Wire has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, New Best 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 | -377.8 M |
New |
New Best Relative Risk vs. Return Landscape
If you would invest 3,450 in New Best Wire on January 24, 2024 and sell it today you would lose (20.00) from holding New Best Wire or give up 0.58% of portfolio value over 90 days. New Best Wire is generating negative expected returns and assumes 0.8215% volatility on return distribution over the 90 days horizon. Simply put, 7% of stocks are less volatile than New, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
New Best Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Best's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Best Wire, and traders can use it to determine the average amount a New Best'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 = -0.0091
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 5013 |
Estimated Market Risk
| 0.82 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.01 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 New Best 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 New Best by adding New Best to a well-diversified portfolio.
New Best Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Best, and New Best 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 New Stock performance.
| Return On Equity | 0.18 | |||
| Return On Asset | 0.0727 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 7.04 B | |||
| Shares Outstanding | 133.42 M | |||
| Price To Earning | 13.83 X | |||
| Price To Book | 1.37 X | |||
| Price To Sales | 0.52 X | |||
| Revenue | 8.64 B | |||
| EBITDA | 1.31 B | |||
| Cash And Equivalents | 446.92 M | |||
| Cash Per Share | 3.35 X | |||
| Total Debt | 1.75 B | |||
| Debt To Equity | 97.40 % | |||
| Book Value Per Share | 26.14 X | |||
| Cash Flow From Operations | 174.98 M | |||
| Earnings Per Share | 4.42 X | |||
| Total Asset | 8.65 B | |||
About New Best Performance
To evaluate New Best Wire Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when New Best generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare New Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand New Best Wire market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents New's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.,Ltd provides wires and electro polishing services for the electronic industry primarily in Taiwan. ,Ltd was founded in 1993 and is headquartered in Tainan, Taiwan. NEW BEST operates under Electronic Components classification in Taiwan and is traded on Taiwan OTC Exchange.Things to note about New Best Wire performance evaluation
Checking the ongoing alerts about New Best for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Best Wire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Best Wire generated a negative expected return over the last 90 days | |
| New Best Wire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 40.0% of the company shares are owned by insiders or employees |
- Analyzing New Best'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 New Best's stock is overvalued or undervalued compared to its peers.
- Examining New Best'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 New Best's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Best's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Best's stock. These opinions can provide insight into New Best's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New Best Wire. 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 Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for New Stock analysis
When running New Best's price analysis, check to measure New Best'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 New Best is operating at the current time. Most of New Best's value examination focuses on studying past and present price action to predict the probability of New Best's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Best's price. Additionally, you may evaluate how the addition of New Best to your portfolios can decrease your overall portfolio volatility.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine |