Shinkong Synthetic (Taiwan) Price on August 6, 2024
| 1409 Stock | TWD 15.95 0.10 0.63% |
If you're considering investing in Shinkong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shinkong Synthetic stands at 15.95, as last reported on the 11th of December 2024, with the highest price reaching 16.15 and the lowest price hitting 15.90 during the day. At this stage we consider Shinkong Stock to be very steady. Shinkong Synthetic Fiber owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0378, which indicates the firm had a 0.0378% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shinkong Synthetic Fiber, which you can use to evaluate the volatility of the company. Please validate Shinkong Synthetic's Semi Deviation of 0.8394, risk adjusted performance of 0.0202, and Coefficient Of Variation of 4153.36 to confirm if the risk estimate we provide is consistent with the expected return of 0.0348%.
Shinkong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shinkong |
Sharpe Ratio = 0.0378
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 1409 |
Estimated Market Risk
| 0.92 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Shinkong Synthetic is performing at about 2% of its full potential. 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 Shinkong Synthetic by adding it to a well-diversified portfolio.
Shinkong Synthetic Valuation on August 6, 2024
It is possible to determine the worth of Shinkong Synthetic on a given historical date. On August 6, 2024 Shinkong was worth 15.8 at the beginning of the trading date compared to the closed value of 15.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shinkong Synthetic stock. Still, in general, we apply an absolute valuation method to find Shinkong Synthetic'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 Shinkong Synthetic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shinkong Synthetic's related companies.
| Open | High | Low | Close | Volume | |
| 16.50 | 16.55 | 15.30 | 15.40 | 7,241,752 | |
08/06/2024 | 15.80 | 15.80 | 14.80 | 15.40 | 4,353,839 |
| 15.55 | 16.10 | 15.55 | 16.00 | 3,294,770 |
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Shinkong Synthetic Trading Date Momentum on August 6, 2024
| On August 07 2024 Shinkong Synthetic Fiber was traded for 16.00 at the closing time. The highest price during the trading period was 16.10 and the lowest recorded bid was listed for 15.55 . The volume for the day was 3.3 M. This history from August 7, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 3.90% . The trading price change to the current price is 5.19% . |
Shinkong Synthetic Fiber Fundamentals Correlations and Trends
By evaluating Shinkong Synthetic'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 Shinkong Synthetic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shinkong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shinkong Synthetic Stock history
Shinkong Synthetic 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 Shinkong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shinkong Synthetic Fiber 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 Shinkong Synthetic stock prices may prove useful in developing a viable investing in Shinkong Synthetic
Shinkong Synthetic Fibers Corporation produces and sells polyester fibers and polymers in Taiwan and internationally. Shinkong Synthetic Fibers Corporation was founded in 1967 and is headquartered in Taipei, Taiwan. SHINKONG SYNTHETIC operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange.
Shinkong Synthetic Stock Technical Analysis
Shinkong Synthetic 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
Shinkong Synthetic Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Shinkong Synthetic Fiber 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.
Shinkong Synthetic December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Shinkong Synthetic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shinkong Synthetic shares will generate the highest return on investment. By undertsting and applying Shinkong Synthetic stock market strength indicators, traders can identify Shinkong Synthetic Fiber entry and exit signals to maximize returns
Shinkong Synthetic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shinkong Synthetic's price direction in advance. Along with the technical and fundamental analysis of Shinkong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shinkong 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 | 0.0202 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0984 |
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Additional Tools for Shinkong Stock Analysis
When running Shinkong Synthetic's price analysis, check to measure Shinkong Synthetic'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 Shinkong Synthetic is operating at the current time. Most of Shinkong Synthetic's value examination focuses on studying past and present price action to predict the probability of Shinkong Synthetic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Synthetic's price. Additionally, you may evaluate how the addition of Shinkong Synthetic to your portfolios can decrease your overall portfolio volatility.