Hai Kwang (Taiwan) Price on March 12, 2024
| 2038 Stock | TWD 15.75 0.15 0.96% |
If you're considering investing in Hai Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hai Kwang stands at 15.75, as last reported on the 27th of December, with the highest price reaching 15.90 and the lowest price hitting 15.65 during the day. Hai Kwang Enterprise holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Hai Kwang Enterprise exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hai Kwang's Standard Deviation of 2.09, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.82) to validate the risk estimate we provide.
Hai Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hai |
Sharpe Ratio = -0.1878
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| Negative Returns | 2038 |
Estimated Market Risk
| 1.68 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.32 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hai Kwang 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 Hai Kwang by adding Hai Kwang to a well-diversified portfolio.
Hai Kwang Valuation on March 12, 2024
It is possible to determine the worth of Hai Kwang on a given historical date. On March 12, 2024 Hai was worth 19.3 at the beginning of the trading date compared to the closed value of 19.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hai Kwang stock. Still, in general, we apply an absolute valuation method to find Hai Kwang'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 Hai Kwang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hai Kwang's related companies.
| Open | High | Low | Close | Volume | |
| 19.20 | 19.50 | 19.00 | 19.20 | 342,350 | |
03/12/2024 | 19.30 | 19.50 | 19.25 | 19.30 | 372,395 |
| 19.25 | 19.25 | 18.70 | 18.70 | 795,890 |
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Hai Kwang Trading Date Momentum on March 12, 2024
| On March 13 2024 Hai Kwang Enterprise was traded for 18.70 at the closing time. The highest price during the trading period was 19.25 and the lowest recorded bid was listed for 18.70 . The volume for the day was 795.9 K. This history from March 13, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.11% . The trading delta at closing time to the current price is 5.70% . |
Hai Kwang Enterprise Fundamentals Correlations and Trends
By evaluating Hai Kwang'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 Hai Kwang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hai financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hai Kwang Stock history
Hai Kwang 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 Hai is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hai Kwang 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 Hai Kwang stock prices may prove useful in developing a viable investing in Hai Kwang
Hai Kwang Enterprise Corporation manufactures and sells steel and billets in Taiwan and internationally. The company was founded in 1988 and is based in Kaohsiung, Taiwan. HAI KWANG is traded on Taiwan Stock Exchange in Taiwan.
Hai Kwang Stock Technical Analysis
Hai Kwang 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
Hai Kwang Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Hai Kwang Enterprise 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.
Hai Kwang December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Hai Kwang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hai Kwang shares will generate the highest return on investment. By undertsting and applying Hai Kwang stock market strength indicators, traders can identify Hai Kwang Enterprise entry and exit signals to maximize returns
Hai Kwang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hai Kwang's price direction in advance. Along with the technical and fundamental analysis of Hai Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hai 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 | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.83) |
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| Volume Indicators |
Additional Tools for Hai Stock Analysis
When running Hai Kwang's price analysis, check to measure Hai Kwang'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 Hai Kwang is operating at the current time. Most of Hai Kwang's value examination focuses on studying past and present price action to predict the probability of Hai Kwang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hai Kwang's price. Additionally, you may evaluate how the addition of Hai Kwang to your portfolios can decrease your overall portfolio volatility.