Victory New (Taiwan) Price on November 4, 2024
| 1340 Stock | TWD 9.73 0.05 0.51% |
If you're considering investing in Victory Stock, it is important to understand the factors that can impact its price. As of today, the current price of Victory New stands at 9.73, as last reported on the 11th of December 2024, with the highest price reaching 9.78 and the lowest price hitting 9.70 during the day. At this stage we consider Victory Stock to be not too volatile. Victory New Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0057, which indicates the firm had a 0.0057% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Victory New Materials, which you can use to evaluate the volatility of the company. Please validate Victory New's Risk Adjusted Performance of 0.0101, coefficient of variation of 15180.95, and Semi Deviation of 1.25 to confirm if the risk estimate we provide is consistent with the expected return of 0.0092%.
Victory Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Victory |
Sharpe Ratio = 0.0057
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 1340 |
Estimated Market Risk
| 1.6 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Victory New 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 Victory New by adding Victory New to a well-diversified portfolio.
Victory New Valuation on November 4, 2024
It is possible to determine the worth of Victory New on a given historical date. On November 4, 2024 Victory was worth 10.4 at the beginning of the trading date compared to the closed value of 10.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Victory New stock. Still, in general, we apply an absolute valuation method to find Victory New'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 Victory New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Victory New's related companies.
| Open | High | Low | Close | Volume | |
| 10.10 | 10.50 | 10.05 | 10.50 | 85,552 | |
11/04/2024 | 10.40 | 10.50 | 10.20 | 10.25 | 86,434 |
| 10.40 | 10.45 | 10.20 | 10.35 | 258,991 |
| Backtest Victory New | | | Victory New History | | | Victory New Valuation | Previous | Next |
Victory New Trading Date Momentum on November 4, 2024
| On November 05 2024 Victory New Materials was traded for 10.35 at the closing time. The highest price during the trading period was 10.45 and the lowest recorded bid was listed for 10.20 . The volume for the day was 259 K. This history from November 5, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.98% . The trading price change to the current price is 1.95% . |
Victory New Materials Fundamentals Correlations and Trends
By evaluating Victory New'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 Victory New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Victory financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Victory New Stock history
Victory New 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 Victory is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Victory New Materials 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 Victory New stock prices may prove useful in developing a viable investing in Victory New
Victory New Materials Limited Company manufactures and sells shoe materials in China and internationally. The company was founded in 2012 and is based in Jinjiang, China. VICTORY NEW is traded on Taiwan Stock Exchange in Taiwan.
Victory New Stock Technical Analysis
Victory New 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.
Price Boundaries
Victory New Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Victory New Materials cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. 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.
Victory New December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Victory New stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Victory New shares will generate the highest return on investment. By undertsting and applying Victory New stock market strength indicators, traders can identify Victory New Materials entry and exit signals to maximize returns
Victory New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Victory New's price direction in advance. Along with the technical and fundamental analysis of Victory Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Victory 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.
| Risk Adjusted Performance | 0.0101 | |||
| Jensen Alpha | 0.0154 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0) |
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Additional Tools for Victory Stock Analysis
When running Victory New's price analysis, check to measure Victory New'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 Victory New is operating at the current time. Most of Victory New's value examination focuses on studying past and present price action to predict the probability of Victory New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Victory New's price. Additionally, you may evaluate how the addition of Victory New to your portfolios can decrease your overall portfolio volatility.