Mechema Chemicals (Taiwan) Price on September 27, 2024
| 4721 Stock | TWD 75.30 0.40 0.53% |
If you're considering investing in Mechema Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mechema Chemicals stands at 75.30, as last reported on the 12th of December 2024, with the highest price reaching 75.30 and the lowest price hitting 73.50 during the day. At this stage we consider Mechema Stock to be very steady. Mechema Chemicals Int has Sharpe Ratio of 0.0538, which conveys that the firm had a 0.0538% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mechema Chemicals, which you can use to evaluate the volatility of the firm. Please verify Mechema Chemicals' Risk Adjusted Performance of 0.0358, mean deviation of 1.21, and Downside Deviation of 1.57 to check out if the risk estimate we provide is consistent with the expected return of 0.0843%.
Mechema Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mechema |
Sharpe Ratio = 0.0538
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| Cash | Small Risk | 4721 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.57 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Mechema Chemicals is performing at about 4% 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 Mechema Chemicals by adding it to a well-diversified portfolio.
Mechema Chemicals Valuation on September 27, 2024
It is possible to determine the worth of Mechema Chemicals on a given historical date. On September 27, 2024 Mechema was worth 72.2 at the beginning of the trading date compared to the closed value of 73.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mechema Chemicals stock. Still, in general, we apply an absolute valuation method to find Mechema Chemicals' 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 Mechema Chemicals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mechema Chemicals' related companies.
| Open | High | Low | Close | Volume | |
| 73.00 | 73.50 | 72.00 | 72.10 | 100,175 | |
09/27/2024 | 72.20 | 74.30 | 72.20 | 73.50 | 149,875 |
| 73.80 | 74.20 | 72.80 | 72.80 | 90,686 |
| Backtest Mechema Chemicals | | | Mechema Chemicals History | | | Mechema Chemicals Valuation | Previous | Next |
Mechema Chemicals Trading Date Momentum on September 27, 2024
| On September 30 2024 Mechema Chemicals Int was traded for 72.80 at the closing time. The highest price during the trading period was 74.20 and the lowest recorded bid was listed for 72.80 . The volume for the day was 90.7 K. This history from September 30, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.95% . The trading delta at closing time to the current price is 2.31% . |
Mechema Chemicals Int Fundamentals Correlations and Trends
By evaluating Mechema Chemicals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mechema Chemicals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mechema financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mechema Chemicals Stock history
Mechema Chemicals 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 Mechema is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mechema Chemicals Int 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 Mechema Chemicals stock prices may prove useful in developing a viable investing in Mechema Chemicals
Mechema Chemicals Stock Technical Analysis
Mechema Chemicals 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
Mechema Chemicals Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Mechema Chemicals Int 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.
Mechema Chemicals December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Mechema Chemicals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mechema Chemicals shares will generate the highest return on investment. By undertsting and applying Mechema Chemicals stock market strength indicators, traders can identify Mechema Chemicals Int entry and exit signals to maximize returns
Mechema Chemicals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mechema Chemicals' price direction in advance. Along with the technical and fundamental analysis of Mechema Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mechema 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 | 0.0358 | |||
| Jensen Alpha | 0.0212 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1798 |
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Additional Tools for Mechema Stock Analysis
When running Mechema Chemicals' price analysis, check to measure Mechema Chemicals' 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 Mechema Chemicals is operating at the current time. Most of Mechema Chemicals' value examination focuses on studying past and present price action to predict the probability of Mechema Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mechema Chemicals' price. Additionally, you may evaluate how the addition of Mechema Chemicals to your portfolios can decrease your overall portfolio volatility.