Mirle Automation (Taiwan) Performance
| 2464 Stock | TWD 75.80 2.10 2.85% |
The company secures a Beta (Market Risk) of 0.31, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mirle Automation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mirle Automation is expected to be smaller as well. At this point, Mirle Automation Corp has a negative expected return of -0.17%. Please make sure to verify Mirle Automation's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Mirle Automation Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Mirle Automation 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 | 2.8 B | |
| Total Cashflows From Investing Activities | -392.5 M |
Mirle |
Mirle Automation Relative Risk vs. Return Landscape
If you would invest 8,630 in Mirle Automation Corp on September 3, 2024 and sell it today you would lose (1,050) from holding Mirle Automation Corp or give up 12.17% of portfolio value over 90 days. Mirle Automation Corp is generating negative expected returns and assumes 2.6307% volatility on return distribution over the 90 days horizon. Simply put, 23% of stocks are less volatile than Mirle, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Mirle Automation Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirle Automation's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Mirle Automation Corp, and traders can use it to determine the average amount a Mirle Automation'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 = -0.0654
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 2464 |
Estimated Market Risk
| 2.63 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mirle Automation 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 Mirle Automation by adding Mirle Automation to a well-diversified portfolio.
Mirle Automation Fundamentals Growth
Mirle Stock prices reflect investors' perceptions of the future prospects and financial health of Mirle Automation, and Mirle Automation 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 Mirle Stock performance.
| Return On Equity | 0.14 | |||
| Return On Asset | 0.0235 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.04 % | |||
| Current Valuation | 8.64 B | |||
| Shares Outstanding | 195.53 M | |||
| Price To Earning | 8.85 X | |||
| Price To Book | 1.76 X | |||
| Price To Sales | 0.70 X | |||
| Revenue | 9.86 B | |||
| EBITDA | 807.93 M | |||
| Cash And Equivalents | 3.2 B | |||
| Cash Per Share | 16.39 X | |||
| Total Debt | 1.19 B | |||
| Debt To Equity | 21.30 % | |||
| Book Value Per Share | 22.13 X | |||
| Cash Flow From Operations | 1 B | |||
| Earnings Per Share | 3.04 X | |||
| Total Asset | 11.78 B | |||
| Retained Earnings | 1.48 B | |||
| Current Asset | 5.45 B | |||
| Current Liabilities | 3.44 B | |||
About Mirle Automation Performance
Evaluating Mirle Automation's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Mirle Automation has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Mirle Automation has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Mirle Automation Corporation manufactures and sells automation system integrators and related products. Mirle Automation Corporation was founded in 1989 and is headquartered in Hsinchu, Taiwan. MIRLE AUTOMATION operates under Consumer Electronics classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about Mirle Automation Corp performance evaluation
Checking the ongoing alerts about Mirle Automation for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Mirle Automation Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Mirle Automation generated a negative expected return over the last 90 days | |
| About 24.0% of the company shares are owned by insiders or employees |
- Analyzing Mirle Automation'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 Mirle Automation's stock is overvalued or undervalued compared to its peers.
- Examining Mirle Automation'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 Mirle Automation's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Mirle Automation's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Mirle Automation's stock. These opinions can provide insight into Mirle Automation's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Mirle Stock Analysis
When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.