Ardentec (Taiwan) Price on May 3, 2023
3264 Stock | TWD 54.30 0.80 1.45% |
If you're considering investing in Ardentec Stock, it is important to understand the factors that can impact its price. As of today, the current price of Ardentec stands at 54.30, as last reported on the 23rd of December, with the highest price reaching 55.70 and the lowest price hitting 53.50 during the day. Ardentec secures Sharpe Ratio (or Efficiency) of -0.0808, which signifies that the company had a -0.0808% return per unit of standard deviation over the last 3 months. Ardentec exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ardentec's mean deviation of 1.31, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide.
Ardentec Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Ardentec |
Sharpe Ratio = -0.0808
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Negative Returns | 3264 |
Estimated Market Risk
1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ardentec 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 Ardentec by adding Ardentec to a well-diversified portfolio.
Ardentec Valuation on May 3, 2023
It is possible to determine the worth of Ardentec on a given historical date. On May 3, 2023 Ardentec was worth 48.54 at the beginning of the trading date compared to the closed value of 48.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ardentec stock. Still, in general, we apply an absolute valuation method to find Ardentec'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 Ardentec where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ardentec's related companies.
Open | High | Low | Close | Volume | |
48.54 | 49.08 | 48.17 | 48.72 | 1,911,000 | |
05/03/2023 | 48.54 | 48.81 | 48.17 | 48.26 | 1,323,000 |
48.17 | 48.63 | 48.08 | 48.45 | 1,109,000 |
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Ardentec Trading Date Momentum on May 3, 2023
On May 04 2023 Ardentec was traded for 48.45 at the closing time. The highest price during the trading period was 48.63 and the lowest recorded bid was listed for 48.08 . The volume for the day was 1.1 M. This history from May 4, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.39% . The overall trading delta to the current price is 0.56% . |
Ardentec Fundamentals Correlations and Trends
By evaluating Ardentec'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 Ardentec's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ardentec financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ardentec Stock history
Ardentec 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 Ardentec is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ardentec 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 Ardentec stock prices may prove useful in developing a viable investing in Ardentec
Ardentec Stock Technical Analysis
Ardentec 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
Ardentec Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Ardentec cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan OTC 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.
Ardentec December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Ardentec stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ardentec shares will generate the highest return on investment. By undertsting and applying Ardentec stock market strength indicators, traders can identify Ardentec entry and exit signals to maximize returns
Ardentec Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ardentec's price direction in advance. Along with the technical and fundamental analysis of Ardentec Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ardentec 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 | (0.07) | |||
Jensen Alpha | (0.16) | |||
Total Risk Alpha | (0.23) | |||
Treynor Ratio | 0.3329 |
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Additional Tools for Ardentec Stock Analysis
When running Ardentec's price analysis, check to measure Ardentec'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 Ardentec is operating at the current time. Most of Ardentec's value examination focuses on studying past and present price action to predict the probability of Ardentec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ardentec's price. Additionally, you may evaluate how the addition of Ardentec to your portfolios can decrease your overall portfolio volatility.