Enlight Corp (Taiwan) Today
| 2438 Stock | TWD 21.30 0.15 0.70% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Enlight Corp is selling for under 21.30 as of the 5th of May 2024; that is -0.7 percent decrease since the beginning of the trading day. The stock's lowest day price was 20.85. Enlight Corp has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Enlight Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2023 and ending today, the 5th of May 2024. Click here to learn more.
Enlight Corporation develops, produces, and sells LED lightning products in Taiwan. The company was founded in 1973 and is based in Taoyuan City, Taiwan. ENLIGHT CORP is traded on Taiwan Stock Exchange in Taiwan. The company has 60.2 M outstanding shares. More on Enlight Corp
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Moving against Enlight Stock
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Follow Valuation Odds of Bankruptcy
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Enlight Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Enlight Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Enlight Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Information Technology, Technology Hardware, Storage & Peripherals, Computer Systems, Technology, Cloud Computing (View all Sectors) |
Enlight Corp (2438) is traded on Taiwan Stock Exchange in Taiwan and employs 13 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 854.78 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Enlight Corp's market, we take the total number of its shares issued and multiply it by Enlight Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Enlight Corp operates under Technology Hardware, Storage & Peripherals sector and is part of Information Technology industry. The entity has 60.2 M outstanding shares.
Enlight Corp has accumulated about 221.09 M in cash with 65.16 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.74.
Check Enlight Corp Probability Of Bankruptcy
Ownership AllocationEnlight Corp holds a total of 60.2 Million outstanding shares. Enlight Corp shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 63.19 percent of Enlight Corp outstanding shares that are owned by insiders denotes they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Enlight Ownership Details
Enlight Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Enlight Corp jumping above the current price in 90 days from now is about 85.26%. The Enlight Corp probability density function shows the probability of Enlight Corp stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Enlight Corp has a beta of 0.1198. This suggests as returns on the market go up, Enlight Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Enlight Corp will be expected to be much smaller as well. Additionally, enlight Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Enlight Corp to move above the current price in 90 days from now is about 85.26 (This Enlight Corp probability density function shows the probability of Enlight Stock to fall within a particular range of prices over 90 days) .
Enlight Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Enlight Corp market risk premium is the additional return an investor will receive from holding Enlight Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Enlight Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Enlight Corp's alpha and beta are two of the key measurements used to evaluate Enlight Corp's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.59 | |||
| Standard Deviation | 2.37 | |||
| Variance | 5.61 | |||
| Risk Adjusted Performance | (0.01) |
Enlight Stock Against Markets
Picking the right benchmark for Enlight Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Enlight Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Enlight Corp is critical whether you are bullish or bearish towards Enlight Corp at a given time. Please also check how Enlight Corp's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Enlight Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Enlight Stock?
Before investing in Enlight Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Enlight Corp. To buy Enlight Corp stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Enlight Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Enlight Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Enlight Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Enlight Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Enlight Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Enlight Corp?
The danger of trading Enlight Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Enlight Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Enlight Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Enlight Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Enlight 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Enlight Stock analysis
When running Enlight Corp's price analysis, check to measure Enlight Corp'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 Enlight Corp is operating at the current time. Most of Enlight Corp's value examination focuses on studying past and present price action to predict the probability of Enlight Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enlight Corp's price. Additionally, you may evaluate how the addition of Enlight Corp to your portfolios can decrease your overall portfolio volatility.
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