Formosa Plastics (Taiwan) Performance
| 1301 Stock | TWD 61.00 0.40 0.66% |
The firm shows a Beta (market volatility) of -0.0053, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formosa Plastics are expected to decrease at a much lower rate. During the bear market, Formosa Plastics is likely to outperform the market. At this point, Formosa Plastics Corp has a negative expected return of -0.2%. Please make sure to confirm Formosa Plastics' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Formosa Plastics Corp 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 Formosa Plastics Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in July 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 14.1 B | |
| Total Cashflows From Investing Activities | -21.8 B |
Formosa |
Formosa Plastics Relative Risk vs. Return Landscape
If you would invest 6,780 in Formosa Plastics Corp on March 19, 2024 and sell it today you would lose (680.00) from holding Formosa Plastics Corp or give up 10.03% of portfolio value over 90 days. Formosa Plastics Corp is generating negative expected returns and assumes 1.2886% volatility on return distribution over the 90 days horizon. Simply put, 11% of stocks are less volatile than Formosa, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Formosa Plastics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formosa Plastics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Formosa Plastics Corp, and traders can use it to determine the average amount a Formosa Plastics' 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 = -0.1576
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| Negative Returns | 1301 |
Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.2 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosa Plastics 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 Formosa Plastics by adding Formosa Plastics to a well-diversified portfolio.
Formosa Plastics Fundamentals Growth
Formosa Stock prices reflect investors' perceptions of the future prospects and financial health of Formosa Plastics, and Formosa Plastics 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 Formosa Stock performance.
| Return On Equity | 0.16 | |||
| Return On Asset | 0.054 | |||
| Profit Margin | 0.22 % | |||
| Operating Margin | 0.16 % | |||
| Current Valuation | 530.86 B | |||
| Shares Outstanding | 6.37 B | |||
| Price To Earning | 14.96 X | |||
| Price To Book | 1.51 X | |||
| Price To Sales | 2.03 X | |||
| Revenue | 273.6 B | |||
| EBITDA | 95.09 B | |||
| Cash And Equivalents | 128.37 B | |||
| Cash Per Share | 20.17 X | |||
| Total Debt | 40.3 B | |||
| Debt To Equity | 24.60 % | |||
| Book Value Per Share | 57.90 X | |||
| Cash Flow From Operations | 57.86 B | |||
| Earnings Per Share | 9.49 X | |||
| Total Asset | 543.68 B | |||
| Retained Earnings | 153.36 B | |||
| Current Asset | 162.99 B | |||
| Current Liabilities | 67.42 B | |||
About Formosa Plastics Performance
To evaluate Formosa Plastics Corp 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 Formosa Plastics 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 Formosa 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 Formosa Plastics Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Formosa'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.Formosa Plastics Corporation produces and sells intermediate raw materials for plastics in Taiwan, Mainland China, and internationally. The company was founded in 1954 and is headquartered in Kaohsiung City, Taiwan. FORMOSA PLASTIC operates under Rubber And Plastics classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Formosa Plastics Corp performance evaluation
Checking the ongoing alerts about Formosa Plastics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Formosa Plastics Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Formosa Plastics generated a negative expected return over the last 90 days | |
| About 33.0% of the company shares are owned by insiders or employees |
- Analyzing Formosa Plastics' 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 Formosa Plastics' stock is overvalued or undervalued compared to its peers.
- Examining Formosa Plastics' 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 Formosa Plastics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Formosa Plastics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Formosa Plastics' stock. These opinions can provide insight into Formosa Plastics' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Formosa Stock Analysis
When running Formosa Plastics' price analysis, check to measure Formosa Plastics' 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 Formosa Plastics is operating at the current time. Most of Formosa Plastics' value examination focuses on studying past and present price action to predict the probability of Formosa Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Plastics' price. Additionally, you may evaluate how the addition of Formosa Plastics to your portfolios can decrease your overall portfolio volatility.