Asia Electronic (Taiwan) Price on September 4, 2024
| 4939 Stock | TWD 20.35 0.20 0.99% |
If you're considering investing in Asia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Asia Electronic stands at 20.35, as last reported on the 29th of November, with the highest price reaching 20.35 and the lowest price hitting 20.10 during the day. Asia Electronic Material secures Sharpe Ratio (or Efficiency) of -0.051, which signifies that the company had a -0.051% return per unit of risk over the last 3 months. Asia Electronic Material exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Electronic's Mean Deviation of 1.23, standard deviation of 1.97, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide.
Asia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Asia |
Sharpe Ratio = -0.051
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| Negative Returns | 4939 |
Estimated Market Risk
| 1.97 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.1 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 Asia Electronic 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 Asia Electronic by adding Asia Electronic to a well-diversified portfolio.
Asia Electronic Valuation on September 4, 2024
It is possible to determine the worth of Asia Electronic on a given historical date. On September 4, 2024 Asia was worth 20.7 at the beginning of the trading date compared to the closed value of 20.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Asia Electronic stock. Still, in general, we apply an absolute valuation method to find Asia Electronic'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 Asia Electronic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Asia Electronic's related companies.
| Open | High | Low | Close | Volume | |
| 21.70 | 21.70 | 21.30 | 21.40 | 181,000 | |
09/04/2024 | 20.70 | 20.90 | 20.10 | 20.55 | 240,000 |
| 20.60 | 21.05 | 20.40 | 20.60 | 274,158 |
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Asia Electronic Trading Date Momentum on September 4, 2024
| On September 05 2024 Asia Electronic Material was traded for 20.60 at the closing time. The highest price during the trading period was 21.05 and the lowest recorded bid was listed for 20.40 . The volume for the day was 274.2 K. This history from September 5, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.24% . The overall trading delta to the current price is 1.95% . |
Asia Electronic Material Fundamentals Correlations and Trends
By evaluating Asia Electronic'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 Asia Electronic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Asia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Asia Electronic Stock history
Asia Electronic 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 Asia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Asia Electronic Material 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 Asia Electronic stock prices may prove useful in developing a viable investing in Asia Electronic
Asia Electronic Stock Technical Analysis
Asia Electronic 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
Asia Electronic Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Asia Electronic Material 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.
Asia Electronic November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Asia Electronic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Asia Electronic shares will generate the highest return on investment. By undertsting and applying Asia Electronic stock market strength indicators, traders can identify Asia Electronic Material entry and exit signals to maximize returns
Asia Electronic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Asia Electronic's price direction in advance. Along with the technical and fundamental analysis of Asia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Asia 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 | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.28) |
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Asia Stock Analysis
When running Asia Electronic's price analysis, check to measure Asia Electronic'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 Asia Electronic is operating at the current time. Most of Asia Electronic's value examination focuses on studying past and present price action to predict the probability of Asia Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Electronic's price. Additionally, you may evaluate how the addition of Asia Electronic to your portfolios can decrease your overall portfolio volatility.