Nankang Rubber (Taiwan) Price on October 18, 2024
| 2101 Stock | TWD 49.40 0.30 0.60% |
If you're considering investing in Nankang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nankang Rubber stands at 49.40, as last reported on the 11th of December 2024, with the highest price reaching 50.20 and the lowest price hitting 49.20 during the day. At this stage we consider Nankang Stock to be very steady. Nankang Rubber Tire has Sharpe Ratio of 0.0024, which conveys that the firm had a 0.0024% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Nankang Rubber, which you can use to evaluate the volatility of the firm. Please verify Nankang Rubber's Standard Deviation of 2.1, risk adjusted performance of (0.0005), and Mean Deviation of 1.52 to check out if the risk estimate we provide is consistent with the expected return of 0.0051%.
Nankang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nankang |
Sharpe Ratio = 0.0024
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 2101 |
Estimated Market Risk
| 2.15 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nankang Rubber 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 Nankang Rubber by adding Nankang Rubber to a well-diversified portfolio.
Nankang Rubber Valuation on October 18, 2024
It is possible to determine the worth of Nankang Rubber on a given historical date. On October 18, 2024 Nankang was worth 49.0 at the beginning of the trading date compared to the closed value of 48.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nankang Rubber stock. Still, in general, we apply an absolute valuation method to find Nankang Rubber'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 Nankang Rubber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nankang Rubber's related companies.
| Open | High | Low | Close | Volume | |
| 47.45 | 49.50 | 47.30 | 48.85 | 4,271,302 | |
10/18/2024 | 49.00 | 49.00 | 47.90 | 48.05 | 2,218,509 |
| 48.50 | 48.50 | 47.20 | 47.45 | 1,771,432 |
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Nankang Rubber Trading Date Momentum on October 18, 2024
| On October 21 2024 Nankang Rubber Tire was traded for 47.45 at the closing time. The highest price during the trading period was 48.50 and the lowest recorded bid was listed for 47.20 . The volume for the day was 1.8 M. This history from October 21, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.25% . The trading delta at closing time to the current price is 2.60% . |
Nankang Rubber Tire Fundamentals Correlations and Trends
By evaluating Nankang Rubber'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 Nankang Rubber's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nankang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nankang Rubber Stock history
Nankang Rubber 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 Nankang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nankang Rubber Tire 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 Nankang Rubber stock prices may prove useful in developing a viable investing in Nankang Rubber
Nankang Rubber Stock Technical Analysis
Nankang Rubber 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
Nankang Rubber Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Nankang Rubber Tire 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.
Nankang Rubber December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Nankang Rubber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nankang Rubber shares will generate the highest return on investment. By undertsting and applying Nankang Rubber stock market strength indicators, traders can identify Nankang Rubber Tire entry and exit signals to maximize returns
Nankang Rubber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nankang Rubber's price direction in advance. Along with the technical and fundamental analysis of Nankang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nankang 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 | (0.0005) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.2882 |
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Additional Tools for Nankang Stock Analysis
When running Nankang Rubber's price analysis, check to measure Nankang Rubber'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 Nankang Rubber is operating at the current time. Most of Nankang Rubber's value examination focuses on studying past and present price action to predict the probability of Nankang Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nankang Rubber's price. Additionally, you may evaluate how the addition of Nankang Rubber to your portfolios can decrease your overall portfolio volatility.