Formosa Laboratories (Taiwan) Price on November 22, 2024

4746 Stock  TWD 76.00  0.40  0.53%   
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa Laboratories stands at 76.00, as last reported on the 29th of November, with the highest price reaching 76.90 and the lowest price hitting 74.20 during the day. Formosa Laboratories secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Formosa Laboratories exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Laboratories' Mean Deviation of 1.42, standard deviation of 1.97, and Variance of 3.87 to check the risk estimate we provide.
  
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1649

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Estimated Market Risk

 1.94
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.32
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.16
  actual daily
0
Most of other assets perform better
Based on monthly moving average Formosa Laboratories 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 Formosa Laboratories by adding Formosa Laboratories to a well-diversified portfolio.

Formosa Laboratories Valuation on November 22, 2024

It is possible to determine the worth of Formosa Laboratories on a given historical date. On November 22, 2024 Formosa was worth 79.3 at the beginning of the trading date compared to the closed value of 79.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Laboratories stock. Still, in general, we apply an absolute valuation method to find Formosa Laboratories' 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 Formosa Laboratories where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Laboratories' related companies.
 Open High Low Close Volume
  79.60    80.40    78.60    78.70    1,848,304  
11/22/2024
  79.30    80.20    78.70    79.10    1,088,969  
  79.30    79.70    78.70    79.50    1,523,114  
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Open Value
79.3
79.1
Closing Value
85.12
Upside

Formosa Laboratories Trading Date Momentum on November 22, 2024

On November 25 2024 Formosa Laboratories was traded for  79.50  at the closing time. The highest price during the trading period was 79.70  and the lowest recorded bid was listed for  78.70 . The volume for the day was 1.5 M. This history from November 25, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.51% . The overall trading delta to the current price is 5.82% .

Formosa Laboratories Fundamentals Correlations and Trends

By evaluating Formosa Laboratories' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Formosa Laboratories' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosa financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Formosa Laboratories Stock history

Formosa Laboratories 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa Laboratories 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 Formosa Laboratories stock prices may prove useful in developing a viable investing in Formosa Laboratories
Formosa Laboratories, Inc. produces and sells active pharmaceutical ingredients and UV-filters worldwide. The company was founded in 1995 and is based in Taoyuan, Taiwan. FORMOSA LABORATORIES operates under Drug Manufacturers - Specialty Generic classification in Taiwan and is traded on Taiwan Stock Exchange.

Formosa Laboratories Stock Technical Analysis

Formosa Laboratories 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.
A focus of Formosa Laboratories technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Formosa Laboratories trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Formosa Laboratories Period Price Range

Low
November 29, 2024
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Formosa Laboratories 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.

Formosa Laboratories November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Formosa Laboratories stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosa Laboratories shares will generate the highest return on investment. By undertsting and applying Formosa Laboratories stock market strength indicators, traders can identify Formosa Laboratories entry and exit signals to maximize returns

Formosa Laboratories Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Formosa Laboratories' price direction in advance. Along with the technical and fundamental analysis of Formosa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosa 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.

Additional Tools for Formosa Stock Analysis

When running Formosa Laboratories' price analysis, check to measure Formosa Laboratories' 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 Formosa Laboratories is operating at the current time. Most of Formosa Laboratories' value examination focuses on studying past and present price action to predict the probability of Formosa Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Laboratories' price. Additionally, you may evaluate how the addition of Formosa Laboratories to your portfolios can decrease your overall portfolio volatility.