Tex Ray (Taiwan) Today

1467 Stock  TWD 10.90  0.05  0.46%   

Performance

0 of 100

 
Low
 
High
Very Weak

Odds Of Distress

Less than 41

 
100  
 
Zero
Below Average
Tex Ray is selling for under 10.90 as of the 28th of March 2024; that is -0.46 percent decrease since the beginning of the trading day. The stock's lowest day price was 10.85. Tex Ray has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Tex Ray Industrial Co are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
Tex-Ray Industrial Co., Ltd. manufactures and retails yarns and fabrics. The company was founded in 1978 and is headquartered in Taipei City, Taiwan. TEX RAY operates under Apparel Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange. The company has 233.62 M outstanding shares. More on Tex Ray Industrial Co

Moving together with Tex Stock

  0.652888 Shin Kong FinancialPairCorr
  0.782002 China Steel CorpPairCorr

Moving against Tex Stock

  0.772891B CTBC Financial HoldingPairCorr
  0.532330 Taiwan SemiconductorPairCorr
  0.470053 YuantaP-shares TaiwanPairCorr
  0.460057 Fubon MSCI TaiwanPairCorr
  0.460050 YuantaP-shares Taiwan TopPairCorr
  0.410051 YuantaP-shares TaiwanPairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Tex 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. Tex Ray's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Tex Ray or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman of the BoardRuiyue Lin
Thematic IdeaHeavy Metals (View all Themes)
Business ConcentrationHeavy Metals, Consumer Discretionary, Textiles, Apparel & Luxury Goods, Apparel Manufacturing, Consumer Cyclical (View all Sectors)
Tex Ray Industrial Co (1467) is traded on Taiwan Stock Exchange in Taiwan and employs 27 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.72 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Tex Ray's market, we take the total number of its shares issued and multiply it by Tex Ray'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. Tex-Ray Industrial operates under Textiles, Apparel & Luxury Goods sector and is part of Consumer Discretionary industry. The entity has 233.62 M outstanding shares. Tex Ray Industrial Co has accumulated about 1.03 B in cash with (329.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.42.
Check Tex Ray Probability Of Bankruptcy
Ownership Allocation
Tex Ray maintains a total of 233.62 Million outstanding shares. Tex-Ray Industrial maintains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Tex Ownership Details

Tex Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Tex Ray jumping above the current price in 90 days from now is about 82.89%. The Tex Ray Industrial Co probability density function shows the probability of Tex Ray stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Tex Ray Industrial Co has a beta of -0.0897. This suggests as returns on benchmark increase, returns on holding Tex Ray are expected to decrease at a much lower rate. During the bear market, however, Tex Ray Industrial Co is likely to outperform the market. Additionally, tex Ray Industrial Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 10.9HorizonTargetOdds Above 10.9
16.74%90 days
 10.90 
82.89%
Based on a normal probability distribution, the odds of Tex Ray to move above the current price in 90 days from now is about 82.89 (This Tex Ray Industrial Co probability density function shows the probability of Tex Stock to fall within a particular range of prices over 90 days) .

Tex-Ray Industrial Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Tex Ray market risk premium is the additional return an investor will receive from holding Tex Ray 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 Tex Ray. 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 Tex Ray's alpha and beta are two of the key measurements used to evaluate Tex Ray's performance over the market, the standard measures of volatility play an important role as well.

Tex Stock Against Markets

Picking the right benchmark for Tex Ray 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 Tex Ray 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 Tex Ray is critical whether you are bullish or bearish towards Tex Ray Industrial Co at a given time. Please also check how Tex Ray'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 Tex Ray 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?

Run Stock Tickers Now

   

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
All  Next Launch Module

Tex Ray Corporate Directors

Tex Ray corporate directors refer to members of a Tex Ray board of directors. The board of directors generally takes responsibility for the Tex Ray's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Tex Ray's board members must vote for the resolution. The Tex Ray board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Qing WuDirectorProfile
Murong LiIndependent DirectorProfile
Zhaoyuan ZhangIndependent DirectorProfile
Rong ChenDirectorProfile

How to buy Tex Stock?

Before investing in Tex Ray, 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 Tex Ray. To buy Tex Ray stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Tex Ray. 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 Tex Ray stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Tex Ray Industrial Co 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 Tex Ray Industrial Co 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 Tex Ray Industrial Co, 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 Tex Ray Industrial Co?

The danger of trading Tex Ray Industrial Co 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 Tex Ray 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 Tex Ray. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tex-Ray Industrial 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 Tex Ray Industrial Co. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Tex Stock analysis

When running Tex Ray's price analysis, check to measure Tex Ray'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 Tex Ray is operating at the current time. Most of Tex Ray's value examination focuses on studying past and present price action to predict the probability of Tex Ray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tex Ray's price. Additionally, you may evaluate how the addition of Tex Ray to your portfolios can decrease your overall portfolio volatility.
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Please note, there is a significant difference between Tex Ray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tex Ray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tex Ray'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.