PlayNitride (Taiwan) Performance
| 6854 Stock | 140.50 3.50 2.55% |
PlayNitride holds a performance score of 18 on a scale of zero to a hundred. The company holds a Beta of 0.84, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PlayNitride's returns are expected to increase less than the market. However, during the bear market, the loss of holding PlayNitride is expected to be smaller as well. Use PlayNitride mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on PlayNitride.
Risk-Adjusted Performance
18 of 100
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in PlayNitride are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, PlayNitride showed solid returns over the last few months and may actually be approaching a breakup point. ...more
PlayNitride |
PlayNitride Relative Risk vs. Return Landscape
If you would invest 7,450 in PlayNitride on September 2, 2024 and sell it today you would earn a total of 6,600 from holding PlayNitride or generate 88.59% return on investment over 90 days. PlayNitride is generating 1.0987% of daily returns and assumes 4.5988% volatility on return distribution over the 90 days horizon. Simply put, 40% of stocks are less volatile than PlayNitride, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
PlayNitride Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PlayNitride's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as PlayNitride, and traders can use it to determine the average amount a PlayNitride'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 = 0.2389
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| Small Returns | 6854 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.6 actual daily | 40 60% of assets are more volatile |
Expected Return
| 1.1 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average PlayNitride is performing at about 18% 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 PlayNitride by adding it to a well-diversified portfolio.
Things to note about PlayNitride performance evaluation
Checking the ongoing alerts about PlayNitride for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for PlayNitride help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| PlayNitride appears to be risky and price may revert if volatility continues |
- Analyzing PlayNitride'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 PlayNitride's stock is overvalued or undervalued compared to its peers.
- Examining PlayNitride'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 PlayNitride's management team can have a significant impact on its success or failure. Reviewing the track record and experience of PlayNitride's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of PlayNitride's stock. These opinions can provide insight into PlayNitride's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for PlayNitride Stock Analysis
When running PlayNitride's price analysis, check to measure PlayNitride'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 PlayNitride is operating at the current time. Most of PlayNitride's value examination focuses on studying past and present price action to predict the probability of PlayNitride's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PlayNitride's price. Additionally, you may evaluate how the addition of PlayNitride to your portfolios can decrease your overall portfolio volatility.