Primax Electronics (Taiwan) Price on June 14, 2024
| 4915 Stock | TWD 78.90 1.50 1.87% |
If you're considering investing in Primax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Primax Electronics stands at 78.90, as last reported on the 9th of December, with the highest price reaching 80.60 and the lowest price hitting 78.90 during the day. Primax Electronics maintains Sharpe Ratio (i.e., Efficiency) of -0.0453, which implies the firm had a -0.0453% return per unit of risk over the last 3 months. Primax Electronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Primax Electronics' Risk Adjusted Performance of (0.04), variance of 6.07, and Coefficient Of Variation of (1,547) to confirm the risk estimate we provide.
Primax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Primax |
Sharpe Ratio = -0.0453
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| Negative Returns | 4915 |
Estimated Market Risk
| 2.5 actual daily | 22 78% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Primax Electronics 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 Primax Electronics by adding Primax Electronics to a well-diversified portfolio.
Primax Electronics Valuation on June 14, 2024
It is possible to determine the worth of Primax Electronics on a given historical date. On June 14, 2024 Primax was worth 106.0 at the beginning of the trading date compared to the closed value of 106.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Primax Electronics stock. Still, in general, we apply an absolute valuation method to find Primax Electronics' 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 Primax Electronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Primax Electronics' related companies.
| Open | High | Low | Close | Volume | |
| 110.00 | 114.50 | 109.00 | 110.50 | 6,515,755 | |
06/14/2024 | 106.00 | 107.45 | 103.59 | 106.00 | 3,560,077 |
| 110.00 | 113.00 | 109.50 | 112.50 | 3,340,473 |
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Primax Electronics Trading Date Momentum on June 14, 2024
| On June 17 2024 Primax Electronics was traded for 112.50 at the closing time. The highest price during the trading period was 113.00 and the lowest recorded bid was listed for 109.50 . The volume for the day was 3.3 M. This history from June 17, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 6.13% . The trading delta at closing time to the current price is 9.43% . |
Primax Electronics Fundamentals Correlations and Trends
By evaluating Primax Electronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Primax Electronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Primax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Primax Electronics Stock history
Primax Electronics 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 Primax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Primax Electronics 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 Primax Electronics stock prices may prove useful in developing a viable investing in Primax Electronics
Primax Electronics Ltd., together with its subsidiaries, manufactures and sells computer peripherals and non-computer peripherals in Taiwan, China, the Americas, and internationally. The company was founded in 1984 and is headquartered in Taipei City, Taiwan. PRIMAX ELECTRONICS is traded on Taiwan Stock Exchange in Taiwan.
Primax Electronics Stock Technical Analysis
Primax Electronics 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
Primax Electronics Period Price Range
Low | December 9, 2024
| High |
0.00 | 0.00 |
Primax Electronics 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.
Primax Electronics December 9, 2024 Market Strength
Market strength indicators help investors to evaluate how Primax Electronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Primax Electronics shares will generate the highest return on investment. By undertsting and applying Primax Electronics stock market strength indicators, traders can identify Primax Electronics entry and exit signals to maximize returns
Primax Electronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Primax Electronics' price direction in advance. Along with the technical and fundamental analysis of Primax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Primax 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 | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (6.77) |
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Additional Tools for Primax Stock Analysis
When running Primax Electronics' price analysis, check to measure Primax Electronics' 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 Primax Electronics is operating at the current time. Most of Primax Electronics' value examination focuses on studying past and present price action to predict the probability of Primax Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primax Electronics' price. Additionally, you may evaluate how the addition of Primax Electronics to your portfolios can decrease your overall portfolio volatility.