Himax Stock Performance

HIMX Stock  USD 8.62  0.30  3.61%   
On a scale of 0 to 100, Himax Technologies holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 1.7967, which attests to a somewhat significant risk relative to the market. Let's try to break down what Himax's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Himax Technologies will likely underperform. Although it is vital to follow Himax Technologies current price history, it is good to be conservative about what you can do with the information regarding equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-seven technical indicators for Himax Technologies, which you can use to evaluate the performance of the firm. Please utilizes Himax Technologies maximum drawdown, as well as the relationship between the skewness and day typical price to make a quick decision on whether Himax Technologies current trending patterns will revert.
  
Himax Performance
15 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Himax Technologies are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak primary indicators, Himax Technologies showed solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Forward Dividend Yield
0.1555
Payout Ratio
0.9252
Forward Dividend Rate
1.25
Dividend Date
2022-07-12
Ex Dividend Date
2022-06-29

Himax Price Channel

Begin Period Cash Flow184.9 M
Total Cashflows From Investing Activities-232.7 M

Himax Technologies Relative Risk vs. Return Landscape

If you would invest  597.00  in Himax Technologies on November 4, 2022 and sell it today you would earn a total of  265.00  from holding Himax Technologies or generate 44.39% return on investment over 90 days. Himax Technologies is currently generating 0.6519% in daily expected returns and assumes 3.1475% risk (volatility on return distribution) over the 90 days horizon. In different words, 27% of stocks are less volatile than Himax, and 88% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Himax Technologies is expected to generate 2.87 times more return on investment than the market. However, the company is 2.87 times more volatile than its market benchmark. It trades about 0.21 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.14 per unit of risk.

Himax Technologies Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Himax Technologies' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Himax Technologies, and traders can use it to determine the average amount a Himax Technologies' 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 = 0.2071

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Estimated Market Risk
 3.15
  actual daily
 
 27 %
of total potential
 
2727
Expected Return
 0.65
  actual daily
 
 12 %
of total potential
 
1212
Risk-Adjusted Return
 0.21
  actual daily
 
 15 %
of total potential
 
1515
Based on monthly moving average Himax Technologies is performing at about 15% 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 Himax Technologies by adding it to a well-diversified portfolio.

About Himax Technologies Performance

To evaluate Himax Technologies 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 Himax Technologies 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 Himax 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 Himax Technologies market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Himax'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.
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan. Himax Technologies operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 2100 people.

Things to note about Himax Technologies

Checking the ongoing alerts about Himax Technologies for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Himax Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Please check Risk vs Return Analysis. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Complementary Tools for analysis

When running Himax Technologies price analysis, check to measure Himax Technologies' 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 Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Himax Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.93) 
Market Capitalization
1.4 B
Quarterly Revenue Growth
(0.49) 
Return On Assets
0.1667
Return On Equity
0.424
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Himax Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' 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.