Tex Ray (Taiwan) Price on September 30, 2024
| 1467 Stock | TWD 10.80 0.40 3.57% |
If you're considering investing in Tex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tex Ray stands at 10.80, as last reported on the 29th of November, with the highest price reaching 11.20 and the lowest price hitting 10.75 during the day. At this stage we consider Tex Stock to be not too volatile. Tex Ray Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0374, which indicates the firm had a 0.0374% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tex Ray Industrial Co, which you can use to evaluate the volatility of the company. Please validate Tex Ray's Semi Deviation of 0.9861, risk adjusted performance of 0.0217, and Coefficient Of Variation of 4213.85 to confirm if the risk estimate we provide is consistent with the expected return of 0.0449%.
Tex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tex |
Sharpe Ratio = 0.0374
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 1467 |
Estimated Market Risk
| 1.2 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.04 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 Tex Ray 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 Tex Ray by adding it to a well-diversified portfolio.
Tex Ray Valuation on September 30, 2024
It is possible to determine the worth of Tex Ray on a given historical date. On September 30, 2024 Tex was worth 10.45 at the beginning of the trading date compared to the closed value of 10.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tex Ray stock. Still, in general, we apply an absolute valuation method to find Tex Ray'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 Tex Ray where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tex Ray's related companies.
| Open | High | Low | Close | Volume | |
| 10.25 | 10.40 | 10.25 | 10.35 | 150,285 | |
09/30/2024 | 10.45 | 10.45 | 10.40 | 10.45 | 170,967 |
| 10.50 | 10.50 | 10.40 | 10.40 | 107,819 |
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Tex Ray Trading Date Momentum on September 30, 2024
| On October 01 2024 Tex Ray Industrial Co was traded for 10.40 at the closing time. The highest price during the trading period was 10.50 and the lowest recorded bid was listed for 10.40 . The volume for the day was 107.8 K. This history from October 1, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.48% . The trading price change to the current price is 0.96% . |
Tex Ray Industrial Fundamentals Correlations and Trends
By evaluating Tex Ray'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 Tex Ray's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tex Ray Stock history
Tex Ray 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 Tex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tex Ray Industrial 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 Tex Ray stock prices may prove useful in developing a viable investing in Tex Ray
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.
Tex Ray Stock Technical Analysis
Tex Ray 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
Tex Ray Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Tex Ray Industrial Co 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.
Tex Ray November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Tex Ray stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tex Ray shares will generate the highest return on investment. By undertsting and applying Tex Ray stock market strength indicators, traders can identify Tex Ray Industrial Co entry and exit signals to maximize returns
Tex Ray Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tex Ray's price direction in advance. Along with the technical and fundamental analysis of Tex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tex 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 | 0.0217 | |||
| Jensen Alpha | 0.0091 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.2313 |
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Additional 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.