Honmyue Enterprise (Taiwan) Price on October 16, 2024
| 1474 Stock | TWD 13.30 0.20 1.48% |
If you're considering investing in Honmyue Stock, it is important to understand the factors that can impact its price. As of today, the current price of Honmyue Enterprise stands at 13.30, as last reported on the 2nd of December, with the highest price reaching 13.65 and the lowest price hitting 13.25 during the day. At this stage we consider Honmyue Stock to be not too volatile. Honmyue Enterprise holds Efficiency (Sharpe) Ratio of 0.0731, which attests that the entity had a 0.0731% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Honmyue Enterprise, which you can use to evaluate the volatility of the firm. Please check out Honmyue Enterprise's Downside Deviation of 2.15, risk adjusted performance of 0.041, and Market Risk Adjusted Performance of (0.67) to validate if the risk estimate we provide is consistent with the expected return of 0.14%.
Honmyue Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Honmyue |
Sharpe Ratio = 0.0731
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| Cash | Small Risk | 1474 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.95 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Honmyue Enterprise is performing at about 5% 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 Honmyue Enterprise by adding it to a well-diversified portfolio.
Honmyue Enterprise Valuation on October 16, 2024
It is possible to determine the worth of Honmyue Enterprise on a given historical date. On October 16, 2024 Honmyue was worth 14.05 at the beginning of the trading date compared to the closed value of 14.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Honmyue Enterprise stock. Still, in general, we apply an absolute valuation method to find Honmyue Enterprise'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 Honmyue Enterprise where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Honmyue Enterprise's related companies.
| Open | High | Low | Close | Volume | |
| 13.15 | 14.15 | 13.00 | 14.15 | 680,041 | |
10/16/2024 | 14.05 | 14.60 | 13.90 | 14.60 | 1,250,585 |
| 14.65 | 14.65 | 14.30 | 14.30 | 501,486 |
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Honmyue Enterprise Trading Date Momentum on October 16, 2024
| On October 17 2024 Honmyue Enterprise Co was traded for 14.30 at the closing time. The highest price during the trading period was 14.65 and the lowest recorded bid was listed for 14.30 . The volume for the day was 501.5 K. This history from October 17, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.05% . The trading delta at closing time to the current price is 5.48% . |
Honmyue Enterprise Fundamentals Correlations and Trends
By evaluating Honmyue Enterprise'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 Honmyue Enterprise's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Honmyue financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Honmyue Enterprise Stock history
Honmyue Enterprise 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 Honmyue is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Honmyue Enterprise 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 Honmyue Enterprise stock prices may prove useful in developing a viable investing in Honmyue Enterprise
Honmyue Enterprise Co., Ltd. operates as a fabric and textile manufacturer in Taiwan. Honmyue Enterprise Co., Ltd. was founded in 1970 and is based in Changhua County, Taiwan. HONMYUE ENTERPRISE operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange.
Honmyue Enterprise Stock Technical Analysis
Honmyue Enterprise 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
Honmyue Enterprise Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Honmyue Enterprise 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.
Honmyue Enterprise December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Honmyue Enterprise stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Honmyue Enterprise shares will generate the highest return on investment. By undertsting and applying Honmyue Enterprise stock market strength indicators, traders can identify Honmyue Enterprise Co entry and exit signals to maximize returns
Honmyue Enterprise Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Honmyue Enterprise's price direction in advance. Along with the technical and fundamental analysis of Honmyue Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Honmyue 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 | 0.041 | |||
| Jensen Alpha | 0.0925 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.68) |
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Additional Tools for Honmyue Stock Analysis
When running Honmyue Enterprise's price analysis, check to measure Honmyue Enterprise'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 Honmyue Enterprise is operating at the current time. Most of Honmyue Enterprise's value examination focuses on studying past and present price action to predict the probability of Honmyue Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honmyue Enterprise's price. Additionally, you may evaluate how the addition of Honmyue Enterprise to your portfolios can decrease your overall portfolio volatility.