Chicony Power (Taiwan) Price on May 31, 2024

6412 Stock  TWD 124.50  2.00  1.63%   
If you're considering investing in Chicony Stock, it is important to understand the factors that can impact its price. As of today, the current price of Chicony Power stands at 124.50, as last reported on the 4th of December, with the highest price reaching 126.00 and the lowest price hitting 123.00 during the day. Chicony Power Technology secures Sharpe Ratio (or Efficiency) of -0.0047, which signifies that the company had a -0.0047% return per unit of risk over the last 3 months. Chicony Power Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chicony Power's Risk Adjusted Performance of (0.01), mean deviation of 1.35, and Standard Deviation of 2.12 to double-check the risk estimate we provide.
  
Chicony Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0047

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Negative Returns6412

Estimated Market Risk

 2.13
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Chicony Power 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 Chicony Power by adding Chicony Power to a well-diversified portfolio.

Chicony Power Valuation on May 31, 2024

It is possible to determine the worth of Chicony Power on a given historical date. On May 31, 2024 Chicony was worth 153.5 at the beginning of the trading date compared to the closed value of 154.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chicony Power stock. Still, in general, we apply an absolute valuation method to find Chicony Power'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 Chicony Power where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chicony Power's related companies.
 Open High Low Close Volume
  149.50    149.50    146.14    147.10    645,005  
05/31/2024
  153.50    156.50    153.00    154.50    1,120,002  
  147.10    150.46    146.14    149.50    1,008,213  
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Open Value
153.5
147.10
Downside
154.5
Closing Value
159.90
Upside

Chicony Power Trading Date Momentum on May 31, 2024

On June 03 2024 Chicony Power Technology was traded for  149.50  at the closing time. The highest price during the trading period was 150.46  and the lowest recorded bid was listed for  146.14 . The volume for the day was 1 M. This history from June 3, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.24% . The overall trading delta to the current price is 3.88% .

Chicony Power Technology Fundamentals Correlations and Trends

By evaluating Chicony Power'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 Chicony Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chicony financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Chicony Power Stock history

Chicony Power 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 Chicony is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chicony Power Technology 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 Chicony Power stock prices may prove useful in developing a viable investing in Chicony Power
Chicony Power Technology Co., Ltd. manufactures and sells switching power supplies, electronic components, and LED lighting products in Asia, the United States, Europe, and internationally. The company was founded in 2008 and is headquartered in New Taipei City, Taiwan. CHICONY POWER is traded on Taiwan Stock Exchange in Taiwan.

Chicony Power Stock Technical Analysis

Chicony Power 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.
A focus of Chicony Power technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chicony Power trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Chicony Power Period Price Range

Low
December 4, 2024
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High

 0.00 

     

 0.00 

Chicony Power Technology 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.

Chicony Power December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Chicony Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chicony Power shares will generate the highest return on investment. By undertsting and applying Chicony Power stock market strength indicators, traders can identify Chicony Power Technology entry and exit signals to maximize returns

Chicony Power Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Chicony Power's price direction in advance. Along with the technical and fundamental analysis of Chicony Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chicony 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.

Additional Tools for Chicony Stock Analysis

When running Chicony Power's price analysis, check to measure Chicony Power'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 Chicony Power is operating at the current time. Most of Chicony Power's value examination focuses on studying past and present price action to predict the probability of Chicony Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chicony Power's price. Additionally, you may evaluate how the addition of Chicony Power to your portfolios can decrease your overall portfolio volatility.