Ritek Corp (Taiwan) Price on May 29, 2024
| 2349 Stock | TWD 14.75 0.05 0.34% |
If you're considering investing in Ritek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ritek Corp stands at 14.75, as last reported on the 11th of December 2024, with the highest price reaching 15.00 and the lowest price hitting 14.70 during the day. At this stage we consider Ritek Stock to be not too volatile. Ritek Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0213, which implies the firm had a 0.0213% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Ritek Corp, which you can use to evaluate the volatility of the company. Please check Ritek Corp's Coefficient Of Variation of (8,630), risk adjusted performance of (0.0009), and Variance of 7.92 to confirm if the risk estimate we provide is consistent with the expected return of 0.061%.
Ritek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ritek |
Sharpe Ratio = 0.0213
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| Cash | Small Risk | 2349 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.86 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Ritek Corp is performing at about 1% of its full potential. 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 Ritek Corp by adding it to a well-diversified portfolio.
Ritek Corp Valuation on May 29, 2024
It is possible to determine the worth of Ritek Corp on a given historical date. On May 29, 2024 Ritek was worth 9.2 at the beginning of the trading date compared to the closed value of 9.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ritek Corp stock. Still, in general, we apply an absolute valuation method to find Ritek Corp'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 Ritek Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ritek Corp's related companies.
| Open | High | Low | Close | Volume | |
| 8.57 | 9.30 | 8.56 | 9.30 | 23,139,980 | |
05/29/2024 | 9.20 | 9.59 | 8.93 | 9.43 | 17,536,944 |
| 9.32 | 9.32 | 9.06 | 9.07 | 7,858,001 |
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Ritek Corp Trading Date Momentum on May 29, 2024
| On May 30 2024 Ritek Corp was traded for 9.07 at the closing time. The highest price during the trading period was 9.32 and the lowest recorded bid was listed for 9.06 . The volume for the day was 7.9 M. This history from May 30, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.82% . The trading delta at closing time to the current price is 2.44% . |
Ritek Corp Fundamentals Correlations and Trends
By evaluating Ritek Corp'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 Ritek Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ritek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ritek Corp Stock history
Ritek Corp 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 Ritek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ritek Corp 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 Ritek Corp stock prices may prove useful in developing a viable investing in Ritek Corp
RITEK Corporation manufactures and markets optical storage media products worldwide. RITEK Corporation was founded in 1988 and is headquartered in Hsinchu City, Taiwan. RITEK CORP operates under Computer Hardware classification in Taiwan and is traded on Taiwan Stock Exchange.
Ritek Corp Stock Technical Analysis
Ritek Corp 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
Ritek Corp Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Ritek Corp 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.
Ritek Corp December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Ritek Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ritek Corp shares will generate the highest return on investment. By undertsting and applying Ritek Corp stock market strength indicators, traders can identify Ritek Corp entry and exit signals to maximize returns
Ritek Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ritek Corp's price direction in advance. Along with the technical and fundamental analysis of Ritek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ritek 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 | (0.0009) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (1.49) |
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Additional Tools for Ritek Stock Analysis
When running Ritek Corp's price analysis, check to measure Ritek Corp'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 Ritek Corp is operating at the current time. Most of Ritek Corp's value examination focuses on studying past and present price action to predict the probability of Ritek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ritek Corp's price. Additionally, you may evaluate how the addition of Ritek Corp to your portfolios can decrease your overall portfolio volatility.