Amigo Technology (Taiwan) Performance

6241 Stock  TWD 15.25  0.25  1.61%   
On a scale of 0 to 100, Amigo Technology holds a performance score of 9. The firm shows a Beta (market volatility) of 1.0, which signifies possible diversification benefits within a given portfolio. Amigo Technology returns are very sensitive to returns on the market. As the market goes up or down, Amigo Technology is expected to follow. Please check Amigo Technology's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Amigo Technology's price patterns will revert.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Amigo Technology are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Amigo Technology showed solid returns over the last few months and may actually be approaching a breakup point. ...more
  

Amigo Technology Relative Risk vs. Return Landscape

If you would invest  1,340  in Amigo Technology on December 30, 2023 and sell it today you would earn a total of  190.00  from holding Amigo Technology or generate 14.18% return on investment over 90 days. Amigo Technology is generating 0.2775% of daily returns and assumes 2.3847% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than Amigo, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Amigo Technology is expected to generate 4.16 times more return on investment than the market. However, the company is 4.16 times more volatile than its market benchmark. It trades about 0.12 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.24 per unit of risk.

Amigo Technology Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Amigo Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Amigo Technology, and traders can use it to determine the average amount a Amigo Technology'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 = 0.1164

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Estimated Market Risk

 2.38
  actual daily
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79% of assets are more volatile

Expected Return

 0.28
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95% of assets have higher returns

Risk-Adjusted Return

 0.12
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91% of assets perform better
Based on monthly moving average Amigo Technology is performing at about 9% of its full potential. 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 Amigo Technology by adding it to a well-diversified portfolio.

Amigo Technology Fundamentals Growth

Amigo Stock prices reflect investors' perceptions of the future prospects and financial health of Amigo Technology, and Amigo Technology 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 Amigo Stock performance.

About Amigo Technology Performance

To evaluate Amigo Technology 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 Amigo Technology 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 Amigo 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 Amigo Technology market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Amigo'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.

Things to note about Amigo Technology performance evaluation

Checking the ongoing alerts about Amigo Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Amigo Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Evaluating Amigo Technology's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Amigo Technology's stock performance include:
  • Analyzing Amigo Technology'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 Amigo Technology's stock is overvalued or undervalued compared to its peers.
  • Examining Amigo Technology'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 Amigo Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Amigo Technology's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Amigo Technology's stock. These opinions can provide insight into Amigo Technology's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Amigo Technology's stock performance is not an exact science, and many factors can impact Amigo Technology's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amigo Technology. 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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When running Amigo Technology's price analysis, check to measure Amigo Technology'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 Amigo Technology is operating at the current time. Most of Amigo Technology's value examination focuses on studying past and present price action to predict the probability of Amigo Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amigo Technology's price. Additionally, you may evaluate how the addition of Amigo Technology to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Amigo Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amigo Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amigo Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.