Ray Co (Korea) Price on November 19, 2024
228670 Stock | KRW 5,400 300.00 5.88% |
If you're considering investing in Ray Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ray Co stands at 5,400, as last reported on the 11th of December 2024, with the highest price reaching 5,420 and the lowest price hitting 5,070 during the day. Ray Co maintains Sharpe Ratio (i.e., Efficiency) of -0.2, which implies the firm had a -0.2% return per unit of risk over the last 3 months. Ray Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ray Co's Coefficient Of Variation of (426.94), variance of 10.13, and Risk Adjusted Performance of (0.16) to confirm the risk estimate we provide.
Ray Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ray |
Sharpe Ratio = -0.2
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | 228670 |
Estimated Market Risk
3.2 actual daily | 28 72% of assets are more volatile |
Expected Return
-0.64 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ray Co 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 Ray Co by adding Ray Co to a well-diversified portfolio.
Ray Co Valuation on November 19, 2024
It is possible to determine the worth of Ray Co on a given historical date. On November 19, 2024 Ray was worth 6700.0 at the beginning of the trading date compared to the closed value of 6690.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ray Co stock. Still, in general, we apply an absolute valuation method to find Ray Co'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 Ray Co where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ray Co's related companies.
Open | High | Low | Close | Volume | |
6,480 | 6,690 | 6,410 | 6,690 | 58,701 | |
11/19/2024 | 6,700 | 6,780 | 6,550 | 6,690 | 37,622 |
6,630 | 6,770 | 6,520 | 6,640 | 29,041 |
Backtest Ray Co | | | Ray Co History | | | Ray Co Valuation | Previous | Next |
Ray Co Trading Date Momentum on November 19, 2024
On November 20 2024 Ray Co was traded for 6,640 at the closing time. The highest price during the trading period was 6,770 and the lowest recorded bid was listed for 6,520 . The volume for the day was 29 K. This history from November 20, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.75% . The trading delta at closing time to the current price is 8.82% . |
Ray Co Fundamentals Correlations and Trends
By evaluating Ray Co'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 Ray Co's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ray financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ray Co Stock history
Ray Co 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 Ray is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ray Co 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 Ray Co stock prices may prove useful in developing a viable investing in Ray Co
RAY Co., Ltd. provides x-ray imaging solutions in the dental and medical industry. The company was founded in 2004 and is headquartered in Seongnam, South Korea. Ray is traded on Korean Securities Dealers Automated Quotations in South Korea.
Ray Co Stock Technical Analysis
Ray Co 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
Ray Co Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Ray Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. 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.
Ray Co December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Ray Co stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ray Co shares will generate the highest return on investment. By undertsting and applying Ray Co stock market strength indicators, traders can identify Ray Co entry and exit signals to maximize returns
Ray Co Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ray Co's price direction in advance. Along with the technical and fundamental analysis of Ray Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ray 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 | (0.16) | |||
Jensen Alpha | (0.69) | |||
Total Risk Alpha | (1.26) | |||
Treynor Ratio | 1.34 |
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Volume Indicators |
Complementary Tools for Ray Stock analysis
When running Ray Co's price analysis, check to measure Ray Co'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 Ray Co is operating at the current time. Most of Ray Co's value examination focuses on studying past and present price action to predict the probability of Ray Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ray Co's price. Additionally, you may evaluate how the addition of Ray Co to your portfolios can decrease your overall portfolio volatility.
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