Ruentex Industries (Taiwan) Price on July 11, 2024
| 2915 Stock | TWD 77.40 0.20 0.26% |
If you're considering investing in Ruentex Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ruentex Industries stands at 77.40, as last reported on the 2nd of December, with the highest price reaching 77.40 and the lowest price hitting 75.90 during the day. Ruentex Industries maintains Sharpe Ratio (i.e., Efficiency) of -0.0236, which implies the firm had a -0.0236% return per unit of risk over the last 3 months. Ruentex Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ruentex Industries' Coefficient Of Variation of (2,834), variance of 2.09, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
Ruentex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ruentex |
Sharpe Ratio = -0.0236
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| Negative Returns | 2915 |
Estimated Market Risk
| 1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ruentex Industries 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 Ruentex Industries by adding Ruentex Industries to a well-diversified portfolio.
Ruentex Industries Valuation on July 11, 2024
It is possible to determine the worth of Ruentex Industries on a given historical date. On July 11, 2024 Ruentex was worth 73.5 at the beginning of the trading date compared to the closed value of 75.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ruentex Industries stock. Still, in general, we apply an absolute valuation method to find Ruentex Industries' 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 Ruentex Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ruentex Industries' related companies.
| Open | High | Low | Close | Volume | |
| 70.80 | 72.70 | 70.80 | 72.60 | 5,372,781 | |
07/11/2024 | 73.50 | 77.00 | 73.50 | 75.30 | 13,656,812 |
| 76.50 | 82.10 | 75.70 | 80.00 | 21,726,810 |
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Ruentex Industries Trading Date Momentum on July 11, 2024
| On July 12 2024 Ruentex Industries was traded for 80.00 at the closing time. The highest price during the trading period was 82.10 and the lowest recorded bid was listed for 75.70 . The volume for the day was 21.7 M. This history from July 12, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 6.24% . The trading delta at closing time to the current price is 1.02% . |
Ruentex Industries Fundamentals Correlations and Trends
By evaluating Ruentex Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ruentex Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ruentex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ruentex Industries Stock history
Ruentex Industries 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 Ruentex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ruentex Industries 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 Ruentex Industries stock prices may prove useful in developing a viable investing in Ruentex Industries
Ruentex Industries Limited engages in textile manufacturing, retailing, marketing, and trading activities. In addition, the company offers planning and design services for elderly homes, mass merchandisers, hypermarkets, parking lots, office buildings, science and technology plants, general housing, etc. and construction drawing services. RUENTEX INDUSTRIES operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange.
Ruentex Industries Stock Technical Analysis
Ruentex Industries 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
Ruentex Industries Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Ruentex Industries 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.
Ruentex Industries December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Ruentex Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ruentex Industries shares will generate the highest return on investment. By undertsting and applying Ruentex Industries stock market strength indicators, traders can identify Ruentex Industries entry and exit signals to maximize returns
Ruentex Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ruentex Industries' price direction in advance. Along with the technical and fundamental analysis of Ruentex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ruentex 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 | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.9277 |
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Additional Tools for Ruentex Stock Analysis
When running Ruentex Industries' price analysis, check to measure Ruentex Industries' 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 Ruentex Industries is operating at the current time. Most of Ruentex Industries' value examination focuses on studying past and present price action to predict the probability of Ruentex Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ruentex Industries' price. Additionally, you may evaluate how the addition of Ruentex Industries to your portfolios can decrease your overall portfolio volatility.