Lite On (Taiwan) Performance
| 2301 Stock | TWD 99.10 0.90 0.90% |
The company secures a Beta (Market Risk) of 0.64, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lite On's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lite On is expected to be smaller as well. Lite On Technology has an expected return of -0.19%. Please make sure to verify Lite On Technology Corp treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Lite On Technology 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 Lite On Technology Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest abnormal performance, the Stock's basic indicators remain stable and the latest fuss on Wall Street may also be a sign of long-term gains for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 71.5 B | |
| Total Cashflows From Investing Activities | -3.1 B |
Lite |
Lite On Relative Risk vs. Return Landscape
If you would invest 11,150 in Lite On Technology Corp on February 2, 2024 and sell it today you would lose (1,240) from holding Lite On Technology Corp or give up 11.12% of portfolio value over 90 days. Lite On Technology Corp is generating negative expected returns and assumes 2.413% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than Lite, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Lite On Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lite On's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Lite On Technology Corp, and traders can use it to determine the average amount a Lite On'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 = -0.0768
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| Negative Returns | 2301 |
Estimated Market Risk
| 2.41 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.19 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Lite On 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 Lite On by adding Lite On to a well-diversified portfolio.
Lite On Fundamentals Growth
Lite Stock prices reflect investors' perceptions of the future prospects and financial health of Lite On, and Lite On 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 Lite Stock performance.
| Return On Equity | 0.17 | |||
| Return On Asset | 0.05 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.09 % | |||
| Current Valuation | 101.17 B | |||
| Shares Outstanding | 2.3 B | |||
| Price To Earning | 12.13 X | |||
| Price To Book | 1.90 X | |||
| Price To Sales | 0.85 X | |||
| Revenue | 164.83 B | |||
| EBITDA | 21.99 B | |||
| Cash And Equivalents | 62.61 B | |||
| Cash Per Share | 26.94 X | |||
| Total Debt | 25.95 B | |||
| Debt To Equity | 33.50 % | |||
| Book Value Per Share | 34.55 X | |||
| Cash Flow From Operations | 12.16 B | |||
| Earnings Per Share | 5.54 X | |||
| Total Asset | 183.54 B | |||
| Retained Earnings | 25.07 B | |||
| Current Asset | 140.04 B | |||
| Current Liabilities | 99.22 B | |||
About Lite On Performance
To evaluate Lite On 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 Lite On 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 Lite 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 Lite On Technology market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Lite'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.Lite-On Technology Corporation manufactures and markets computer software, hardware, peripherals, and components in Asia, Europe, the United States, and internationally. The company was founded in 1975 and is headquartered in Taipei, Taiwan. LITE ON operates under Electronic Finished Products classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Lite On Technology performance evaluation
Checking the ongoing alerts about Lite On for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Lite On Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Lite On Technology generated a negative expected return over the last 90 days | |
| About 13.0% of the company shares are owned by insiders or employees |
- Analyzing Lite On'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 Lite On's stock is overvalued or undervalued compared to its peers.
- Examining Lite On'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 Lite On's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Lite On's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Lite On's stock. These opinions can provide insight into Lite On'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 Lite On Technology Corp. 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Lite Stock analysis
When running Lite On's price analysis, check to measure Lite On'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 Lite On is operating at the current time. Most of Lite On's value examination focuses on studying past and present price action to predict the probability of Lite On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lite On's price. Additionally, you may evaluate how the addition of Lite On to your portfolios can decrease your overall portfolio volatility.
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