Emcore Stock Performance

EMKR Stock  USD 0.36  0.01  2.86%   
The firm owns a Beta (Systematic Risk) of 2.51, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, EMCORE will likely underperform. EMCORE has an expected return of -0.21%. Please make sure to confirm EMCORE standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if EMCORE performance from the past will be repeated in the future.

Risk-Adjusted Performance

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Over the last 90 days EMCORE has generated negative risk-adjusted returns adding no value to investors with long positions. Even with unfluctuating performance in the last few months, the Stock's forward-looking signals remain relatively invariable which may send shares a bit higher in April 2024. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more
Last Split Factor
1:4
Dividend Date
2016-07-29
Ex Dividend Date
2016-07-14
Last Split Date
2012-02-16
1
Despite Fast-paced Momentum, Emcore Is Still a Bargain Stock
02/01/2024
2
EMCORE to Present at the TD Cowen 45th Annual Aerospace Defense Conference
02/06/2024
3
EMCORE Non-GAAP EPS of -0.03 misses by 0.01, revenue of 24.1M misses by 2.76M
02/08/2024
4
Acquisition by Archon Capital Management Llc of 2453898 shares of EMCORE at 0.385 subject to Rule 16b-3
02/15/2024
5
3 Tech Penny Stocks That Could Become Tomorrows Giants - InvestorPlace
02/26/2024
6
EMCOR Group, Inc. Q4 2023 Earnings Call Transcript
03/01/2024
7
EMCORE Co. Short Interest Update
03/04/2024
8
KVH Industries Reports Fourth Quarter and Full Year 2023 Results
03/15/2024
9
Disposition of 32375 shares by Jeffrey Rittichier of EMCORE at 0.3813 subject to Rule 16b-3
03/22/2024
Begin Period Cash Flow25.6 M
  

EMCORE Relative Risk vs. Return Landscape

If you would invest  49.00  in EMCORE on December 29, 2023 and sell it today you would lose (13.00) from holding EMCORE or give up 26.53% of portfolio value over 90 days. EMCORE is currently does not generate positive expected returns and assumes 7.2118% risk (volatility on return distribution) over the 90 days horizon. In different words, 63% of stocks are less volatile than EMCORE, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days EMCORE is expected to under-perform the market. In addition to that, the company is 12.58 times more volatile than its market benchmark. It trades about -0.03 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of volatility.

EMCORE Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for EMCORE's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as EMCORE, and traders can use it to determine the average amount a EMCORE'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 = -0.0285

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Estimated Market Risk

 7.21
  actual daily
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63% of assets are less volatile

Expected Return

 -0.21
  actual daily
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Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
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Most of other assets perform better
Based on monthly moving average EMCORE 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 EMCORE by adding EMCORE to a well-diversified portfolio.

EMCORE Fundamentals Growth

EMCORE Stock prices reflect investors' perceptions of the future prospects and financial health of EMCORE, and EMCORE 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 EMCORE Stock performance.

About EMCORE Performance

To evaluate EMCORE 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 EMCORE 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 EMCORE 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 EMCORE market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents EMCORE'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.
Last ReportedProjected for 2024
Return On Capital Employed(0.38)(0.37)
Return On Assets(0.48)(0.46)
Return On Equity(0.87)(0.91)

Things to note about EMCORE performance evaluation

Checking the ongoing alerts about EMCORE for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for EMCORE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
EMCORE generated a negative expected return over the last 90 days
EMCORE has high historical volatility and very poor performance
EMCORE has some characteristics of a very speculative penny stock
EMCORE has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 97.72 M. Net Loss for the year was (49.41 M) with profit before overhead, payroll, taxes, and interest of 29.72 M.
EMCORE currently holds about 74.61 M in cash with (33.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.99, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
EMCORE has a poor financial position based on the latest SEC disclosures
Roughly 15.0% of the company shares are held by company insiders
Latest headline from finance.yahoo.com: KVH Industries Reports Fourth Quarter and Full Year 2023 Results
Evaluating EMCORE's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate EMCORE's stock performance include:
  • Analyzing EMCORE'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 EMCORE's stock is overvalued or undervalued compared to its peers.
  • Examining EMCORE'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 EMCORE's management team can have a significant impact on its success or failure. Reviewing the track record and experience of EMCORE's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of EMCORE's stock. These opinions can provide insight into EMCORE's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating EMCORE's stock performance is not an exact science, and many factors can impact EMCORE's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether EMCORE is a strong investment it is important to analyze EMCORE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EMCORE's future performance. For an informed investment choice regarding EMCORE Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running EMCORE's price analysis, check to measure EMCORE'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 EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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Is EMCORE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EMCORE. If investors know EMCORE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EMCORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.25)
Earnings Share
(0.79)
Revenue Per Share
1.582
Quarterly Revenue Growth
0.207
Return On Assets
(0.07)
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EMCORE's market value can be influenced by many factors that don't directly affect EMCORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.