Chung Lien (Taiwan) Price on November 8, 2024
| 5604 Stock | TWD 42.35 0.30 0.71% |
If you're considering investing in Chung Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chung Lien stands at 42.35, as last reported on the 1st of December, with the highest price reaching 42.35 and the lowest price hitting 42.35 during the day. Chung Lien Transportation secures Sharpe Ratio (or Efficiency) of -0.0478, which signifies that the company had a -0.0478% return per unit of risk over the last 3 months. Chung Lien Transportation exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chung Lien's Risk Adjusted Performance of (0.04), mean deviation of 0.4165, and Standard Deviation of 0.572 to double-check the risk estimate we provide.
Chung Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Chung |
Sharpe Ratio = -0.0478
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| Negative Returns | 5604 |
Estimated Market Risk
| 0.58 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.03 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 Chung Lien 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 Chung Lien by adding Chung Lien to a well-diversified portfolio.
Chung Lien Valuation on November 8, 2024
It is possible to determine the worth of Chung Lien on a given historical date. On November 8, 2024 Chung was worth 42.45 at the beginning of the trading date compared to the closed value of 42.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chung Lien stock. Still, in general, we apply an absolute valuation method to find Chung Lien'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 Chung Lien where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chung Lien's related companies.
| Open | High | Low | Close | Volume | |
| 42.35 | 42.35 | 42.35 | 42.35 | 6,076 | |
11/08/2024 | 42.45 | 42.50 | 42.45 | 42.50 | 11,128 |
| 42.40 | 42.50 | 42.25 | 42.45 | 19,411 |
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Chung Lien Trading Date Momentum on November 8, 2024
| On November 11 2024 Chung Lien Transportation was traded for 42.45 at the closing time. The highest price during the trading period was 42.50 and the lowest recorded bid was listed for 42.25 . The volume for the day was 19.4 K. This history from November 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.12% . The overall trading delta to the current price is 1.18% . |
Chung Lien Transportation Fundamentals Correlations and Trends
By evaluating Chung Lien'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 Chung Lien's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chung financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chung Lien Stock history
Chung Lien 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 Chung is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chung Lien Transportation 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 Chung Lien stock prices may prove useful in developing a viable investing in Chung Lien
Chung Lien Transportation Co., Ltd operates as a freight trucking company in Taiwan. Chung Lien Transportation Co., Ltd was founded in 1954 and is headquartered in Taichung, Taiwan. CHUNG LIEN operates under Trucking classification in Taiwan and is traded on Taiwan OTC Exchange.
Chung Lien Stock Technical Analysis
Chung Lien 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
Chung Lien Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Chung Lien Transportation 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.
Chung Lien December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Chung Lien stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chung Lien shares will generate the highest return on investment. By undertsting and applying Chung Lien stock market strength indicators, traders can identify Chung Lien Transportation entry and exit signals to maximize returns
Chung Lien Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chung Lien's price direction in advance. Along with the technical and fundamental analysis of Chung Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chung 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 | (0.04) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (1.40) |
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Additional Tools for Chung Stock Analysis
When running Chung Lien's price analysis, check to measure Chung Lien'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 Chung Lien is operating at the current time. Most of Chung Lien's value examination focuses on studying past and present price action to predict the probability of Chung Lien's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chung Lien's price. Additionally, you may evaluate how the addition of Chung Lien to your portfolios can decrease your overall portfolio volatility.