Orbitech (Korea) Price on December 2, 2024

046120 Stock  KRW 2,225  90.00  3.89%   
If you're considering investing in Orbitech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Orbitech stands at 2,225, as last reported on the 3rd of December, with the highest price reaching 2,325 and the lowest price hitting 2,215 during the day. Orbitech maintains Sharpe Ratio (i.e., Efficiency) of -0.0198, which implies the firm had a -0.0198% return per unit of risk over the last 3 months. Orbitech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Orbitech's Variance of 7.15, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,115) to confirm the risk estimate we provide.
  
Orbitech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0198

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Estimated Market Risk

 2.78
  actual daily
24
76% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Orbitech 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 Orbitech by adding Orbitech to a well-diversified portfolio.

Orbitech Valuation on December 2, 2024

It is possible to determine the worth of Orbitech on a given historical date. On December 2, 2024 Orbitech was worth 2320.0 at the beginning of the trading date compared to the closed value of 2225.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Orbitech stock. Still, in general, we apply an absolute valuation method to find Orbitech's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Orbitech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Orbitech's related companies.
 Open High Low Close Volume
  2,435    2,435    2,305    2,315    109,407  
12/02/2024
  2,320    2,325    2,215    2,225    192,430  
  2,320    2,325    2,215    2,225    0.00  
Backtest Orbitech  |  Orbitech History  |  Orbitech Valuation   PreviousNext  
Open Value
2320.0
2225.0
Closing Value
2,328
Upside

Orbitech Trading Date Momentum on December 2, 2024

On December 03 2024 Orbitech Co was traded for  2,225  at the closing time. The highest price during the trading period was 2,325  and the lowest recorded bid was listed for  2,215 . There was no trading activity during the period 0.0. Lack of trading volume on December 3, 2024 did not cause price change. The trading delta at closing time to the current price is 4.27% .

Orbitech Fundamentals Correlations and Trends

By evaluating Orbitech's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Orbitech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Orbitech financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Orbitech Stock history

Orbitech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Orbitech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Orbitech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Orbitech stock prices may prove useful in developing a viable investing in Orbitech
Orbitech Co., Ltd. provides non destructive testing services in South Korea. The company was incorporated in 1991 and is headquartered in Seoul, South Korea. Orbitech is traded on Korean Securities Dealers Automated Quotations in South Korea.

Orbitech Stock Technical Analysis

Orbitech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Orbitech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Orbitech trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Orbitech Period Price Range

Low
December 3, 2024
0.00  NaN%
High

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Orbitech Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Orbitech December 3, 2024 Market Strength

Market strength indicators help investors to evaluate how Orbitech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Orbitech shares will generate the highest return on investment. By undertsting and applying Orbitech stock market strength indicators, traders can identify Orbitech Co entry and exit signals to maximize returns

Orbitech Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Orbitech's price direction in advance. Along with the technical and fundamental analysis of Orbitech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Orbitech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Orbitech Stock analysis

When running Orbitech's price analysis, check to measure Orbitech'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 Orbitech is operating at the current time. Most of Orbitech's value examination focuses on studying past and present price action to predict the probability of Orbitech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orbitech's price. Additionally, you may evaluate how the addition of Orbitech to your portfolios can decrease your overall portfolio volatility.
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