Worldex Industry (Korea) Price on October 29, 2024

101160 Stock  KRW 15,500  430.00  2.70%   
If you're considering investing in Worldex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Worldex Industry stands at 15,500, as last reported on the 3rd of December, with the highest price reaching 16,080 and the lowest price hitting 15,470 during the day. Worldex Industry Trading shows Sharpe Ratio of -0.23, which attests that the company had a -0.23% return per unit of risk over the last 3 months. Worldex Industry Trading exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Worldex Industry's Market Risk Adjusted Performance of 8.91, standard deviation of 2.2, and Mean Deviation of 1.8 to validate the risk estimate we provide.
  
Worldex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2333

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Estimated Market Risk

 2.11
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.49
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.23
  actual daily
0
Most of other assets perform better
Based on monthly moving average Worldex Industry 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 Worldex Industry by adding Worldex Industry to a well-diversified portfolio.

Worldex Industry Valuation on October 29, 2024

It is possible to determine the worth of Worldex Industry on a given historical date. On October 29, 2024 Worldex was worth 19290.0 at the beginning of the trading date compared to the closed value of 18910.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Worldex Industry stock. Still, in general, we apply an absolute valuation method to find Worldex Industry'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 Worldex Industry where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Worldex Industry's related companies.
 Open High Low Close Volume
  18,990    19,500    18,950    19,290    68,284  
10/29/2024
  19,290    19,290    18,740    18,910    61,851  
  18,910    19,150    18,810    18,850    44,313  
Backtest Worldex Industry  |  Worldex Industry History  |  Worldex Industry Valuation   PreviousNext  
Open Value
19290.0
19,284
Downside
18910.0
Closing Value
19,296
Upside

Worldex Industry Trading Date Momentum on October 29, 2024

On October 30 2024 Worldex Industry Trading was traded for  18,850  at the closing time. The highest price during the trading period was 19,150  and the lowest recorded bid was listed for  18,810 . The volume for the day was 44.3 K. This history from October 30, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.32% . The trading price change to the current price is 3.86% .

Worldex Industry Trading Fundamentals Correlations and Trends

By evaluating Worldex Industry'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 Worldex Industry's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Worldex financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Worldex Industry Stock history

Worldex Industry 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 Worldex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Worldex Industry Trading 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 Worldex Industry stock prices may prove useful in developing a viable investing in Worldex Industry
Worldex Industry Trading Co., Ltd. manufactures semiconductor and display materials, and consumable parts in South Korea. The company was founded in 2000 and is headquartered in Gumi, South Korea. Worldex is traded on Korean Securities Dealers Automated Quotations in South Korea.

Worldex Industry Stock Technical Analysis

Worldex Industry 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 Worldex Industry technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Worldex Industry 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

Worldex Industry Period Price Range

Low
December 3, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Worldex Industry Trading 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.

Worldex Industry December 3, 2024 Market Strength

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

Worldex Industry Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Worldex Industry's price direction in advance. Along with the technical and fundamental analysis of Worldex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Worldex 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 Worldex Stock analysis

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