Biostar Microtech (Taiwan) Price on November 15, 2024
| 2399 Stock | TWD 29.05 0.35 1.22% |
If you're considering investing in Biostar Stock, it is important to understand the factors that can impact its price. As of today, the current price of Biostar Microtech stands at 29.05, as last reported on the 3rd of December, with the highest price reaching 29.45 and the lowest price hitting 28.80 during the day. Biostar Microtech appears to be not too volatile, given 3 months investment horizon. Biostar Microtech secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Biostar Microtech's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please makes use of Biostar Microtech's Risk Adjusted Performance of 0.0646, mean deviation of 3.23, and Downside Deviation of 3.38 to double-check if our risk estimates are consistent with your expectations.
Biostar Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Biostar |
Sharpe Ratio = 0.1396
| Best Portfolio | Best Equity | |||
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| Small Returns | 2399 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.24 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Biostar Microtech is performing at about 10% 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 Biostar Microtech by adding it to a well-diversified portfolio.
Biostar Microtech Valuation on November 15, 2024
It is possible to determine the worth of Biostar Microtech on a given historical date. On November 15, 2024 Biostar was worth 32.55 at the beginning of the trading date compared to the closed value of 31.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Biostar Microtech stock. Still, in general, we apply an absolute valuation method to find Biostar Microtech'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 Biostar Microtech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Biostar Microtech's related companies.
| Open | High | Low | Close | Volume | |
| 33.30 | 33.45 | 32.15 | 32.60 | 7,322,392 | |
11/15/2024 | 32.55 | 32.85 | 31.60 | 31.65 | 8,393,161 |
| 31.70 | 31.70 | 31.00 | 31.05 | 5,664,964 |
| Backtest Biostar Microtech | | | Biostar Microtech History | | | Biostar Microtech Valuation | Previous | Next |
Biostar Microtech Trading Date Momentum on November 15, 2024
| On November 18 2024 Biostar Microtech International was traded for 31.05 at the closing time. The highest price during the trading period was 31.70 and the lowest recorded bid was listed for 31.00 . The volume for the day was 5.7 M. This history from November 18, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.90% . The overall trading delta to the current price is 0.47% . |
Biostar Microtech Fundamentals Correlations and Trends
By evaluating Biostar Microtech'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 Biostar Microtech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Biostar financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Biostar Microtech Stock history
Biostar Microtech 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 Biostar is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Biostar Microtech 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 Biostar Microtech stock prices may prove useful in developing a viable investing in Biostar Microtech
Biostar Microtech International Corp. engages in the design, manufacture, and sale of add-on cards, and multi-media and system products in Taiwan and internationally. The company was founded in 1986 and is based in New Taipei City, Taiwan. BIOSTAR MICROTEC operates under Computer Systems classification in Taiwan and is traded on Taiwan Stock Exchange.
Biostar Microtech Stock Technical Analysis
Biostar Microtech 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
Biostar Microtech Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Biostar Microtech International 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.
Biostar Microtech December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Biostar Microtech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Biostar Microtech shares will generate the highest return on investment. By undertsting and applying Biostar Microtech stock market strength indicators, traders can identify Biostar Microtech International entry and exit signals to maximize returns
Biostar Microtech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Biostar Microtech's price direction in advance. Along with the technical and fundamental analysis of Biostar Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Biostar 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 | 0.0646 | |||
| Jensen Alpha | 0.2789 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0569 | |||
| Treynor Ratio | 1.27 |
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Additional Tools for Biostar Stock Analysis
When running Biostar Microtech's price analysis, check to measure Biostar Microtech'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 Biostar Microtech is operating at the current time. Most of Biostar Microtech's value examination focuses on studying past and present price action to predict the probability of Biostar Microtech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Biostar Microtech's price. Additionally, you may evaluate how the addition of Biostar Microtech to your portfolios can decrease your overall portfolio volatility.