Eternal Materials (Taiwan) Price on December 2, 2024
1717 Stock | TWD 29.80 0.35 1.19% |
If you're considering investing in Eternal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Eternal Materials stands at 29.80, as last reported on the 2nd of December, with the highest price reaching 29.80 and the lowest price hitting 29.20 during the day. Eternal Materials secures Sharpe Ratio (or Efficiency) of -0.0183, which denotes the company had a -0.0183% return per unit of risk over the last 3 months. Eternal Materials Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eternal Materials' Variance of 2.56, standard deviation of 1.6, and Mean Deviation of 1.15 to check the risk estimate we provide.
Eternal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Eternal |
Sharpe Ratio = -0.0183
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Estimated Market Risk
1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
-0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Eternal Materials 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 Eternal Materials by adding Eternal Materials to a well-diversified portfolio.
Eternal Materials Valuation on December 2, 2024
It is possible to determine the worth of Eternal Materials on a given historical date. On December 2, 2024 Eternal was worth 29.3 at the beginning of the trading date compared to the closed value of 29.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Eternal Materials stock. Still, in general, we apply an absolute valuation method to find Eternal Materials' 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 Eternal Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Eternal Materials' related companies.
Open | High | Low | Close | Volume | |
29.30 | 29.80 | 29.20 | 29.80 | 1,235,555 | |
12/02/2024 | 29.30 | 29.80 | 29.20 | 29.80 | 0.00 |
Backtest Eternal Materials | | | Eternal Materials History | | | Eternal Materials Valuation | Previous |
Eternal Materials Trading Date Momentum on December 2, 2024
On December 02 2024 Eternal Materials Co was traded for 29.80 at the closing time. The highest price during the trading period was 29.80 and the lowest recorded bid was listed for 29.20 . There was no trading activity during the period 0.0. Lack of trading volume on December 2, 2024 did not affect price variability. The overall trading delta to the current price is 1.68% . |
Eternal Materials Fundamentals Correlations and Trends
By evaluating Eternal Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Eternal Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Eternal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Eternal Materials Stock history
Eternal Materials 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 Eternal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Eternal 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 Eternal Materials stock prices may prove useful in developing a viable investing in Eternal Materials
Eternal Materials Co., Ltd. manufactures and sells resin, high performance, and electronic materials. Eternal Materials Co., Ltd. was founded in 1964 and is headquartered in Kaohsiung, Taiwan. ETERNAL MATERIALS operates under Specialty Chemicals classification in Taiwan and is traded on Taiwan Stock Exchange.
Eternal Materials Stock Technical Analysis
Eternal Materials 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
Eternal Materials Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Eternal Materials 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.
Eternal Materials December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Eternal Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Eternal Materials shares will generate the highest return on investment. By undertsting and applying Eternal Materials stock market strength indicators, traders can identify Eternal Materials Co entry and exit signals to maximize returns
Eternal Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Eternal Materials' price direction in advance. Along with the technical and fundamental analysis of Eternal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Eternal 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 | (0.02) | |||
Jensen Alpha | (0.10) | |||
Total Risk Alpha | (0.32) | |||
Treynor Ratio | (0.13) |
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Additional Tools for Eternal Stock Analysis
When running Eternal Materials' price analysis, check to measure Eternal Materials' 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 Eternal Materials is operating at the current time. Most of Eternal Materials' value examination focuses on studying past and present price action to predict the probability of Eternal Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eternal Materials' price. Additionally, you may evaluate how the addition of Eternal Materials to your portfolios can decrease your overall portfolio volatility.