Chong Hong (Taiwan) Price on October 4, 2024
| 5534 Stock | TWD 89.50 3.60 4.19% |
If you're considering investing in Chong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chong Hong stands at 89.50, as last reported on the 1st of December, with the highest price reaching 90.80 and the lowest price hitting 85.40 during the day. Chong Hong Construction secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of risk over the last 3 months. Chong Hong Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chong Hong's Risk Adjusted Performance of (0.11), standard deviation of 2.24, and Mean Deviation of 1.65 to double-check the risk estimate we provide.
Chong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chong |
Sharpe Ratio = -0.1645
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| Negative Returns | 5534 |
Estimated Market Risk
| 2.26 actual daily | 20 80% of assets are more volatile |
Expected Return
| -0.37 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 Chong Hong 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 Chong Hong by adding Chong Hong to a well-diversified portfolio.
Chong Hong Valuation on October 4, 2024
It is possible to determine the worth of Chong Hong on a given historical date. On October 4, 2024 Chong was worth 99.5 at the beginning of the trading date compared to the closed value of 97.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chong Hong stock. Still, in general, we apply an absolute valuation method to find Chong Hong'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 Chong Hong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chong Hong's related companies.
| Open | High | Low | Close | Volume | |
| 99.20 | 99.20 | 99.20 | 99.20 | 1.00 | |
10/04/2024 | 99.50 | 99.50 | 96.80 | 97.10 | 942,150 |
| 98.00 | 101.00 | 97.50 | 99.90 | 894,136 |
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Chong Hong Trading Date Momentum on October 4, 2024
| On October 07 2024 Chong Hong Construction was traded for 99.90 at the closing time. The highest price during the trading period was 101.00 and the lowest recorded bid was listed for 97.50 . The volume for the day was 894.1 K. This history from October 7, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 2.88% . The overall trading delta to the current price is 0.10% . |
Chong Hong Construction Fundamentals Correlations and Trends
By evaluating Chong Hong'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 Chong Hong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chong financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chong Hong Stock history
Chong Hong 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 Chong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chong Hong Construction 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 Chong Hong stock prices may prove useful in developing a viable investing in Chong Hong
Chong Hong Construction Co., Ltd. engages in the construction of houses. The company was founded in 1975 and is based in Taipei City, Taiwan. CHONG HONG operates under Real Estate Services classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 113 people.
Chong Hong Stock Technical Analysis
Chong Hong 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
Chong Hong Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Chong Hong Construction 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.
Chong Hong December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Chong Hong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chong Hong shares will generate the highest return on investment. By undertsting and applying Chong Hong stock market strength indicators, traders can identify Chong Hong Construction entry and exit signals to maximize returns
Chong Hong Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chong Hong's price direction in advance. Along with the technical and fundamental analysis of Chong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chong 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 | (0.34) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 9.15 |
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| Volume Indicators |
Additional Tools for Chong Stock Analysis
When running Chong Hong's price analysis, check to measure Chong Hong'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 Chong Hong is operating at the current time. Most of Chong Hong's value examination focuses on studying past and present price action to predict the probability of Chong Hong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chong Hong's price. Additionally, you may evaluate how the addition of Chong Hong to your portfolios can decrease your overall portfolio volatility.