Chang Type (Taiwan) Price on November 19, 2024
| 1541 Stock | TWD 27.20 0.20 0.73% |
If you're considering investing in Chang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chang Type stands at 27.20, as last reported on the 23rd of December, with the highest price reaching 27.25 and the lowest price hitting 27.05 during the day. Chang Type Industrial secures Sharpe Ratio (or Efficiency) of -0.3, which signifies that the company had a -0.3% return per unit of standard deviation over the last 3 months. Chang Type Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chang Type's risk adjusted performance of (0.17), and Mean Deviation of 0.9279 to double-check the risk estimate we provide.
Chang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chang |
Sharpe Ratio = -0.3043
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 1541 |
Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.35 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.3 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Chang Type 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 Chang Type by adding Chang Type to a well-diversified portfolio.
Chang Type Valuation on November 19, 2024
It is possible to determine the worth of Chang Type on a given historical date. On November 19, 2024 Chang was worth 27.15 at the beginning of the trading date compared to the closed value of 27.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chang Type stock. Still, in general, we apply an absolute valuation method to find Chang Type'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 Chang Type where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chang Type's related companies.
| Open | High | Low | Close | Volume | |
| 27.05 | 27.55 | 27.05 | 27.10 | 23,011 | |
11/19/2024 | 27.15 | 27.50 | 27.05 | 27.30 | 61,000 |
| 27.70 | 27.75 | 27.50 | 27.50 | 15,423 |
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Chang Type Trading Date Momentum on November 19, 2024
| On November 20 2024 Chang Type Industrial was traded for 27.50 at the closing time. The highest price during the trading period was 27.75 and the lowest recorded bid was listed for 27.50 . The volume for the day was 15.4 K. This history from November 20, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.73% . The overall trading delta to the current price is 1.28% . |
Chang Type Industrial Fundamentals Correlations and Trends
By evaluating Chang Type'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 Chang Type's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chang Type Stock history
Chang Type 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 Chang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chang Type 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 Chang Type stock prices may prove useful in developing a viable investing in Chang Type
CHANG TYPE Industrial Co., Ltd. researches, develops, manufactures, and sells power tools in Taiwan and internationally. The company was founded in 1989 and is based in Taichung, Taiwan. CHANG TYPE operates under Diversified Industrials classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 440 people.
Chang Type Stock Technical Analysis
Chang Type 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
Chang Type Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Chang Type Industrial 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.
Chang Type December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Chang Type stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chang Type shares will generate the highest return on investment. By undertsting and applying Chang Type stock market strength indicators, traders can identify Chang Type Industrial entry and exit signals to maximize returns
Chang Type Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chang Type's price direction in advance. Along with the technical and fundamental analysis of Chang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chang 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 | (0.17) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 1.85 |
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Additional Tools for Chang Stock Analysis
When running Chang Type's price analysis, check to measure Chang Type'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 Chang Type is operating at the current time. Most of Chang Type's value examination focuses on studying past and present price action to predict the probability of Chang Type's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chang Type's price. Additionally, you may evaluate how the addition of Chang Type to your portfolios can decrease your overall portfolio volatility.