Altek Competitors

Stocks Taiwan . 
Stock . Altek Corp
3059 Stock  TWD 32.20  0.50  1.58%   
Altek Corp competes with Tainan Spinning, Chia Her, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics; as well as few others. The company operates under Household Durables sector and is part of Consumer Discretionary industry. Analyzing Altek Corp competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Altek Corp to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Altek Corp Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Altek Corp competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
30.9332.2033.47
Details
Intrinsic
Valuation
LowRealHigh
31.6432.9134.18
Details
Naive
Forecast
LowNextHigh
30.8432.1033.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
32.0232.4632.91
Details

Altek Corp Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Altek Corp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Altek and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Altek Corp does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
6209
+ 0.82
1440
6697
+ 0.69
1449
3034
+ 0.68
5245
5245
+ 0.65
1440
9908
+ 0.63
1440
3058
+ 0.63
5245
  
High negative correlations   
3034
- 0.84
1449
5245
- 0.72
1449
1449
- 0.61
1440
6209
- 0.59
1449
9908
- 0.56
2882A
3058
- 0.53
1449

Risk-Adjusted Indicators

There is a big difference between Altek Stock performing well and Altek Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Altek Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Altek Corp Competitive Analysis

The better you understand Altek Corp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Altek Corp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Altek Corp's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
3059 1440 1449 5245 3034 3058 6697 6209 2882A 9908
 1.58 
 32.20 
Altek
 0.33 
 15.25 
Tainan
 1.97 
 25.85 
Chia
 0.15 
 33.10 
WiseChip
 0.94 
 484.00 
Novatek
 0.30 
 16.75 
Leader
 1.66 
 45.90 
Information
 1.20 
 25.20 
Kinko
 0.16 
 61.00 
Cathay
 0.33 
 30.35 
Great
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Not too volatile
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Good
Very Weak
Very Weak
Very Weak
Insignificant
Very Weak
Good
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Below Average
Below Average
Low
Low
Low
Low
Low
Below Average
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Over Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Hold
Cautious Hold
Cautious Hold
Strong Sell
Cautious Hold
Strong Sell
Cautious Hold
Cautious Hold
Strong Sell
Cautious Hold
Current Ratio
2.74
1.05
0.78
1.29
2.06
1.25
N/A
2.32
1.19
3.48
Net Asset
16.34 B
50.2 B
6.36 B
1.71 B
120.59 B
5.24 B
N/A
4.62 B
11.59 T
18.54 B
Profit Margin
0.0291
0.0839
0.0481
0.15
0.25
-0.0544
N/A
0.0174
0.13
0.26
EBITDA
747.49 M
4.66 B
318.73 M
368.53 M
49.24 B
(114.34 M)
N/A
135.66 M
(235.56 B)
1.41 B
Operating Margin
0.0232
0.0496
-0.0675
0.17
0.3
-0.042
N/A
-0.0298
-0.42
0.18
Current Valuation
7.41 B
37.05 B
4.69 B
2.5 B
144.82 B
2.91 B
N/A
4.78 B
(1.21 T)
9.59 B
Price To Book
1.11
1.02
0.9
2.08
3.05
1.11
N/A
1.43
N/A
1.29
Retained Earnings
4.36 B
7.4 B
(880 M)
N/A
20.21 B
289 M
N/A
1.33 B
N/A
3.08 B
Current Asset
9.38 B
8.23 B
2.14 B
N/A
34.22 B
2.77 B
N/A
2.91 B
N/A
5.05 B
Five Year Return
N/A
2.27
N/A
4.56
6.09
N/A
N/A
N/A
N/A
3.7
Beta
0.92
0.83
0.61
0.94
1.12
0.92
N/A
1.4
0.61
0.21
Number Of Employees
25
53
14
275
30
29
N/A
11
57.1 K
38
Shares Outstanding
274.64 M
1.66 B
80.67 M
43.16 M
608.51 M
156.58 M
N/A
174.23 M
12.5 B
500.86 M
Cash Flow From Operations
(211.38 M)
1.3 B
266.62 M
325.69 M
41.72 B
(112.27 M)
N/A
(247.69 M)
72.52 B
1.28 B
Annual Yield
0.02
0.0464
N/A
0.0857
0.14
0.0133
N/A
0.0198
0.0404
0.0354
Total Debt
2.46 B
7.49 B
1.7 B
31.69 M
293.66 M
156.45 M
N/A
548.27 M
429.04 B
5.32 M
Return On Equity
0.0399
0.0663
0.0969
0.19
0.42
-0.17
N/A
0.0206
0.12
0.0678
Z Score
1.8
1.8
N/A
42.6
N/A
6.0
N/A
4.8
0.6
N/A
Return On Asset
0.0115
0.0133
-0.0179
0.0872
0.26
-0.0248
N/A
-0.0148
-0.0129
0.0198
Book Value Per Share
32.32
17.02
19.7
27.7
100.74
9.27
N/A
18.53
21.23
24.04
Current Liabilities
5.12 B
8.7 B
1.89 B
N/A
10.2 B
2.13 B
N/A
1.42 B
N/A
2.03 B
Total Asset
16.34 B
50.2 B
6.36 B
1.71 B
120.59 B
5.24 B
N/A
4.62 B
11.59 T
18.54 B
Debt To Equity
25.1
45.5
498.3
0.17
1.0
57.3
N/A
17.9
0.5
N/A
Target Price
43.83
21.56
N/A
N/A
371.06
N/A
N/A
39.43
N/A
N/A
Last Dividend Paid
0.69
0.8
N/A
4.48
N/A
N/A
N/A
N/A
3.5
1.1
Shares Owned By Institutions
6.32
5.31
N/A
0.43
40.9
0.96
N/A
1.38
0.01
7.92
Market Capitalization
9.43 B
28.91 B
1.2 B
2.27 B
242.49 B
1.57 B
N/A
4.5 B
471.73 B
15.53 B
Price To Earning
34.94
21.81
22.77
17.43
13.01
0.68
N/A
442.19
7.79
17.06
Price To Earnings To Growth
N/A
N/A
N/A
N/A
2.12
N/A
N/A
N/A
N/A
N/A
Price To Sales
0.74
1.32
0.47
1.64
1.54
0.34
N/A
1.2
0.82
4.77
Net Income
224.73 M
2.93 B
75.29 M
197.86 M
38.87 B
(321.88 M)
N/A
(150.46 M)
139.51 B
875.3 M
Earnings Per Share
1.38
1.09
1.79
5.1
57.16
-2.42
N/A
0.39
8.58
1.68
Shares Owned By Insiders
7.52
33.75
45.15
51.48
5.1
17.93
N/A
23.7
N/A
33.76
Revenue
9.09 B
20.19 B
2.79 B
1.45 B
135.37 B
4.72 B
N/A
3.61 B
621.86 B
3.17 B
Working Capital
4.27 B
(468 M)
251 M
N/A
24.02 B
644 M
N/A
1.49 B
N/A
3.02 B
Cash And Equivalents
7.25 B
2.86 B
155.17 M
139.05 M
20.45 B
810.93 M
N/A
992.72 M
2.3 T
5.76 B
Cash Per Share
26.46
1.73
1.3
3.08
33.6
4.94
N/A
6.09
174.87
11.51
Gross Profit
2.16 B
3.29 B
253.19 M
505.36 M
50.94 B
358.69 M
N/A
201.58 M
325.74 B
827.69 M
Day Typical Price
32.13
15.27
25.58
33.22
483.5
16.73
45.5
25.05
61.03
30.32
Accumulation Distribution
0.0155
5713.08
477919.0
412.95
48760.46
5024.6
444.58
5679.01
129.34
0.0033
Market Facilitation Index
0.5
N/A
N/A
0.0
0.0
0.0
1.0E-4
0.0
0.0
0.1
Daily Balance Of Power
1.0
(0.33)
0.4545
0.0909
0.5294
(0.20)
0.625
0.5455
(1.00)
1.0
Period Momentum Indicator
0.5
(0.05)
0.5
0.05
4.5
(0.05)
0.75
0.3
(0.10)
0.1
Rate Of Daily Change
1.02
1.0
1.02
1.0
1.01
1.0
1.02
1.01
1.0
1.0
Day Median Price
32.1
15.27
25.45
33.28
483.25
16.73
45.3
24.98
61.05
30.3
Price Action Indicator
0.35
(0.05)
0.65
(0.15)
3.0
N/A
0.97
0.38
(0.10)
0.1
Relative Strength Index
39.29
44.58
53.98
35.75
39.63
41.91
47.57
51.0
38.78
53.4
Coefficient Of Variation
(572.36)
(939.06)
777.28
(1,892)
(885.58)
6296.71
7121.71
(1,386)
726.53
(863.04)
Mean Deviation
1.05
0.7593
2.45
1.57
1.1
1.74
1.22
1.05
0.092
0.1941
Jensen Alpha
(0.29)
(0.12)
0.4122
(0.1)
(0.21)
0.0676
(0.01)
(0.14)
0.0069
(0.05)
Total Risk Alpha
(0.45)
(0.26)
(0.03)
(0.50)
(0.38)
(0.32)
(0.26)
(0.29)
(0.01)
(0.07)
Sortino Ratio
N/A
N/A
0.115
N/A
N/A
(0.03)
(0.04)
N/A
(0.48)
N/A
Downside Variance
N/A
N/A
9.08
N/A
N/A
4.72
4.06
N/A
0.0377
N/A
Standard Deviation
1.41
1.03
3.58
2.59
1.49
2.57
2.05
1.34
0.1459
0.2532
Kurtosis
2.06
2.07
1.71
6.24
2.59
5.26
8.46
0.1017
2.76
0.1986
Potential Upside
2.17
1.32
9.75
2.89
1.97
2.98
2.33
1.98
0.33
0.3328
Treynor Ratio
(0.77)
3.45
1.23
0.3113
(0.61)
(0.09)
0.0601
(0.36)
0.324
(0.69)
Maximum Drawdown
5.83
5.33
17.79
16.35
8.21
15.92
15.29
5.38
0.8224
1.16
Variance
1.99
1.05
12.79
6.68
2.23
6.61
4.21
1.8
0.0213
0.0641
Market Risk Adjusted Performance
(0.76)
3.46
1.24
0.3213
(0.60)
(0.08)
0.0701
(0.35)
0.334
(0.68)
Risk Adjusted Performance
(0.13)
(0.08)
0.106
(0.03)
(0.08)
0.0191
0.017
(0.05)
0.0627
(0.11)
Skewness
(0.59)
0.0993
0.7469
1.42
(0.91)
1.52
1.36
(0.36)
1.13
0.1718
Semi Deviation
N/A
N/A
2.43
N/A
N/A
1.9
1.71
N/A
0.0
N/A
Information Ratio
(0.25)
(0.22)
0.097
(0.1)
(0.19)
(0.03)
(0.04)
(0.16)
(0.64)
(0.56)
Value At Risk
(2.42)
(1.58)
(6.18)
(3.45)
(2.55)
(2.89)
(2.68)
(2.38)
(0.16)
(0.49)
Expected Short fall
N/A
N/A
(3.70)
N/A
N/A
(2.34)
(1.47)
N/A
(0.25)
N/A
Downside Deviation
N/A
N/A
3.01
N/A
N/A
2.17
2.02
N/A
0.1942
N/A
Semi Variance
N/A
N/A
5.89
N/A
N/A
3.62
2.94
N/A
(0.01)
N/A

Altek Corp Competition Performance Charts

Five steps to successful analysis of Altek Corp Competition

Altek Corp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Altek Corp in relation to its competition. Altek Corp's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Altek Corp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Altek Corp's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Altek Corp, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Additional Tools for Altek Stock Analysis

When running Altek Corp's price analysis, check to measure Altek 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 Altek Corp is operating at the current time. Most of Altek Corp's value examination focuses on studying past and present price action to predict the probability of Altek 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 Altek Corp's price. Additionally, you may evaluate how the addition of Altek Corp to your portfolios can decrease your overall portfolio volatility.
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