ThinTech Materials (Taiwan) Price on September 22, 2023
| 3663 Stock | TWD 71.40 1.10 1.52% |
If you're considering investing in ThinTech Stock, it is important to understand the factors that can impact its price. As of today, the current price of ThinTech Materials stands at 71.40, as last reported on the 27th of December, with the highest price reaching 73.50 and the lowest price hitting 70.80 during the day. ThinTech Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. ThinTech Materials Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate ThinTech Materials' Risk Adjusted Performance of (0.11), coefficient of variation of (669.87), and Variance of 7.86 to confirm the risk estimate we provide.
ThinTech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
ThinTech |
Sharpe Ratio = -0.1254
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| Negative Returns | 3663 |
Estimated Market Risk
| 2.86 actual daily | 25 75% of assets are more volatile |
Expected Return
| -0.36 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ThinTech Materials 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 ThinTech Materials by adding ThinTech Materials to a well-diversified portfolio.
ThinTech Materials Valuation on September 22, 2023
It is possible to determine the worth of ThinTech Materials on a given historical date. On September 22, 2023 ThinTech was worth 34.95 at the beginning of the trading date compared to the closed value of 35.3. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of ThinTech Materials stock. Still, in general, we apply an absolute valuation method to find ThinTech Materials' 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 ThinTech Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against ThinTech Materials' related companies.
| Open | High | Low | Close | Volume | |
| 35.75 | 35.75 | 34.50 | 34.95 | 431,000 | |
09/22/2023 | 34.95 | 35.60 | 34.85 | 35.30 | 220,000 |
| 35.90 | 35.90 | 35.15 | 35.20 | 136,000 |
| Backtest ThinTech Materials | | | ThinTech Materials History | | | ThinTech Materials Valuation | Previous | Next |
ThinTech Materials Trading Date Momentum on September 22, 2023
| On September 25 2023 ThinTech Materials Technology was traded for 35.20 at the closing time. The highest price during the trading period was 35.90 and the lowest recorded bid was listed for 35.15 . The volume for the day was 136 K. This history from September 25, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.28% . The trading price change to the current price is 0.14% . |
ThinTech Materials Fundamentals Correlations and Trends
By evaluating ThinTech Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among ThinTech Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. ThinTech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About ThinTech Materials Stock history
ThinTech Materials 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 ThinTech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in ThinTech Materials 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 ThinTech Materials stock prices may prove useful in developing a viable investing in ThinTech Materials
ThinTech Materials Stock Technical Analysis
ThinTech Materials 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
ThinTech Materials Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
ThinTech Materials Technology 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.
ThinTech Materials December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how ThinTech Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ThinTech Materials shares will generate the highest return on investment. By undertsting and applying ThinTech Materials stock market strength indicators, traders can identify ThinTech Materials Technology entry and exit signals to maximize returns
ThinTech Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for ThinTech Materials' price direction in advance. Along with the technical and fundamental analysis of ThinTech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of ThinTech 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 | (0.11) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | 13.74 |
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Additional Tools for ThinTech Stock Analysis
When running ThinTech Materials' price analysis, check to measure ThinTech Materials' 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 ThinTech Materials is operating at the current time. Most of ThinTech Materials' value examination focuses on studying past and present price action to predict the probability of ThinTech Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ThinTech Materials' price. Additionally, you may evaluate how the addition of ThinTech Materials to your portfolios can decrease your overall portfolio volatility.