Highlight Tech (Taiwan) Price on November 8, 2024
| 6208 Stock | TWD 53.60 0.40 0.75% |
If you're considering investing in Highlight Stock, it is important to understand the factors that can impact its price. As of today, the current price of Highlight Tech stands at 53.60, as last reported on the 2nd of December, with the highest price reaching 54.40 and the lowest price hitting 52.50 during the day. At this stage we consider Highlight Stock to be very steady. Highlight Tech holds Efficiency (Sharpe) Ratio of 0.0119, which attests that the entity had a 0.0119% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Highlight Tech, which you can use to evaluate the volatility of the firm. Please check out Highlight Tech's Market Risk Adjusted Performance of 0.0127, downside deviation of 2.26, and Risk Adjusted Performance of 0.0102 to validate if the risk estimate we provide is consistent with the expected return of 0.0468%.
Highlight Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Highlight |
Sharpe Ratio = 0.0119
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 6208 |
Estimated Market Risk
| 3.95 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Highlight Tech 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 Highlight Tech by adding Highlight Tech to a well-diversified portfolio.
Highlight Tech Valuation on November 8, 2024
It is possible to determine the worth of Highlight Tech on a given historical date. On November 8, 2024 Highlight was worth 59.7 at the beginning of the trading date compared to the closed value of 58.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highlight Tech stock. Still, in general, we apply an absolute valuation method to find Highlight Tech'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 Highlight Tech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highlight Tech's related companies.
| Open | High | Low | Close | Volume | |
| 59.70 | 59.70 | 58.80 | 59.00 | 83,062 | |
11/08/2024 | 59.70 | 59.70 | 58.60 | 58.60 | 81,326 |
| 58.60 | 58.70 | 54.30 | 57.70 | 514,272 |
| Backtest Highlight Tech | | | Highlight Tech History | | | Highlight Tech Valuation | Previous | Next |
Highlight Tech Trading Date Momentum on November 8, 2024
| On November 11 2024 Highlight Tech was traded for 57.70 at the closing time. The highest price during the trading period was 58.70 and the lowest recorded bid was listed for 54.30 . The volume for the day was 514.3 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 1.54% . The trading delta at closing time to the current price is 5.12% . |
Highlight Tech Fundamentals Correlations and Trends
By evaluating Highlight Tech'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 Highlight Tech's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Highlight financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Highlight Tech Stock history
Highlight Tech 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 Highlight is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Highlight Tech 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 Highlight Tech stock prices may prove useful in developing a viable investing in Highlight Tech
Highlight Tech Stock Technical Analysis
Highlight Tech 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
Highlight Tech Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Highlight Tech 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.
Highlight Tech December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Highlight Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Highlight Tech shares will generate the highest return on investment. By undertsting and applying Highlight Tech stock market strength indicators, traders can identify Highlight Tech entry and exit signals to maximize returns
Highlight Tech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highlight Tech's price direction in advance. Along with the technical and fundamental analysis of Highlight Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Highlight 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 | 0.0102 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0027 |
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Additional Tools for Highlight Stock Analysis
When running Highlight Tech's price analysis, check to measure Highlight Tech'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 Highlight Tech is operating at the current time. Most of Highlight Tech's value examination focuses on studying past and present price action to predict the probability of Highlight Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highlight Tech's price. Additionally, you may evaluate how the addition of Highlight Tech to your portfolios can decrease your overall portfolio volatility.