Hannstar Display (Taiwan) Price on November 29, 2023
| 6116 Stock | TWD 9.01 0.05 0.56% |
If you're considering investing in Hannstar Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hannstar Display stands at 9.01, as last reported on the 4th of December, with the highest price reaching 9.04 and the lowest price hitting 8.93 during the day. At this stage we consider Hannstar Stock to be not too volatile. Hannstar Display Corp holds Efficiency (Sharpe) Ratio of 0.0603, which attests that the entity had a 0.0603% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Hannstar Display Corp, which you can use to evaluate the volatility of the firm. Please check out Hannstar Display's Standard Deviation of 1.38, market risk adjusted performance of (0.09), and Risk Adjusted Performance of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0767%.
Hannstar Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hannstar |
Sharpe Ratio = 0.0603
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | 6116 | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.27 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Hannstar Display is performing at about 4% of its full potential. 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 Hannstar Display by adding it to a well-diversified portfolio.
Hannstar Display Valuation on November 29, 2023
It is possible to determine the worth of Hannstar Display on a given historical date. On November 29, 2023 Hannstar was worth 11.5 at the beginning of the trading date compared to the closed value of 11.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hannstar Display stock. Still, in general, we apply an absolute valuation method to find Hannstar Display'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 Hannstar Display where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hannstar Display's related companies.
| Open | High | Low | Close | Volume | |
| 11.25 | 11.50 | 11.20 | 11.50 | 5,210,091 | |
11/29/2023 | 11.50 | 11.50 | 11.35 | 11.45 | 2,743,590 |
| 11.45 | 11.55 | 11.35 | 11.50 | 3,202,921 |
| Backtest Hannstar Display | | | Hannstar Display History | | | Hannstar Display Valuation | Previous | Next |
Hannstar Display Trading Date Momentum on November 29, 2023
| On November 30 2023 Hannstar Display Corp was traded for 11.50 at the closing time. The highest price during the trading period was 11.55 and the lowest recorded bid was listed for 11.35 . The volume for the day was 3.2 M. This history from November 30, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.44% . The trading delta at closing time to the current price is 0.87% . |
Hannstar Display Corp Fundamentals Correlations and Trends
By evaluating Hannstar Display'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 Hannstar Display's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hannstar financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hannstar Display Stock history
Hannstar Display 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 Hannstar is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hannstar Display Corp 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 Hannstar Display stock prices may prove useful in developing a viable investing in Hannstar Display
HannStar Display Corporation engages in the research and development, design, manufacture, sale, service, and maintenance of thin film transistor -liquid crystal display products and touch panels to electronic companies under the HannsG and Hannspree brand names. HannStar Display Corporation was founded in 1998 and is headquartered in Taipei City, Taiwan. HANNSTAR DISPLAY operates under Electronic Components classification in Taiwan and is traded on Taiwan Stock Exchange.
Hannstar Display Stock Technical Analysis
Hannstar Display 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
Hannstar Display Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Hannstar Display Corp 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.
Hannstar Display December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Hannstar Display stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hannstar Display shares will generate the highest return on investment. By undertsting and applying Hannstar Display stock market strength indicators, traders can identify Hannstar Display Corp entry and exit signals to maximize returns
Hannstar Display Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hannstar Display's price direction in advance. Along with the technical and fundamental analysis of Hannstar Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hannstar 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 | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.10) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Hannstar Stock Analysis
When running Hannstar Display's price analysis, check to measure Hannstar Display'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 Hannstar Display is operating at the current time. Most of Hannstar Display's value examination focuses on studying past and present price action to predict the probability of Hannstar Display's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hannstar Display's price. Additionally, you may evaluate how the addition of Hannstar Display to your portfolios can decrease your overall portfolio volatility.