Formosa Petrochemical (Taiwan) Price on November 19, 2024
| 6505 Stock | TWD 40.90 1.05 2.50% |
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa Petrochemical stands at 40.90, as last reported on the 2nd of December, with the highest price reaching 41.75 and the lowest price hitting 40.75 during the day. Formosa Petrochemical secures Sharpe Ratio (or Efficiency) of -0.22, which denotes the company had a -0.22% return per unit of risk over the last 3 months. Formosa Petrochemical Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Petrochemical's Variance of 3.83, mean deviation of 1.44, and Standard Deviation of 1.96 to check the risk estimate we provide.
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosa |
Sharpe Ratio = -0.2228
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| Negative Returns | 6505 |
Estimated Market Risk
| 1.99 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.44 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.22 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosa Petrochemical 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 Formosa Petrochemical by adding Formosa Petrochemical to a well-diversified portfolio.
Formosa Petrochemical Valuation on November 19, 2024
It is possible to determine the worth of Formosa Petrochemical on a given historical date. On November 19, 2024 Formosa was worth 45.0 at the beginning of the trading date compared to the closed value of 44.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Petrochemical stock. Still, in general, we apply an absolute valuation method to find Formosa Petrochemical'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 Formosa Petrochemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Petrochemical's related companies.
| Open | High | Low | Close | Volume | |
| 43.80 | 44.90 | 43.55 | 44.55 | 14,162,999 | |
11/19/2024 | 45.00 | 45.00 | 43.70 | 44.50 | 6,373,754 |
| 44.45 | 44.45 | 43.70 | 44.10 | 5,365,633 |
| Backtest Formosa Petrochemical | | | Formosa Petrochemical History | | | Formosa Petrochemical Valuation | Previous | Next |
Formosa Petrochemical Trading Date Momentum on November 19, 2024
| On November 20 2024 Formosa Petrochemical Corp was traded for 44.10 at the closing time. The highest price during the trading period was 44.45 and the lowest recorded bid was listed for 43.70 . The volume for the day was 5.4 M. This history from November 20, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.90% . The overall trading delta to the current price is 6.85% . |
Formosa Petrochemical Fundamentals Correlations and Trends
By evaluating Formosa Petrochemical'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 Formosa Petrochemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formosa Petrochemical Stock history
Formosa Petrochemical 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa Petrochemical 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 Formosa Petrochemical stock prices may prove useful in developing a viable investing in Formosa Petrochemical
Formosa Petrochemical Corporation engages in petrochemical and public utility businesses in Taiwan, the Philippines, Singapore, Malaysia, the Peoples Republic of China, Korea, and internationally. Formosa Petrochemical Corporation was founded in 1992 and is headquartered in Mailiao, Taiwan. FORMOSA PETROCHEMICAL operates under Petroleum Refiners And Distributors classification in Taiwan and is traded on Taiwan Stock Exchange.
Formosa Petrochemical Stock Technical Analysis
Formosa Petrochemical 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
Formosa Petrochemical Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Formosa Petrochemical 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.
Formosa Petrochemical December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosa Petrochemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosa Petrochemical shares will generate the highest return on investment. By undertsting and applying Formosa Petrochemical stock market strength indicators, traders can identify Formosa Petrochemical Corp entry and exit signals to maximize returns
Formosa Petrochemical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosa Petrochemical's price direction in advance. Along with the technical and fundamental analysis of Formosa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosa 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 | (0.18) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (1.27) |
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Additional Tools for Formosa Stock Analysis
When running Formosa Petrochemical's price analysis, check to measure Formosa Petrochemical'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 Formosa Petrochemical is operating at the current time. Most of Formosa Petrochemical's value examination focuses on studying past and present price action to predict the probability of Formosa Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Petrochemical's price. Additionally, you may evaluate how the addition of Formosa Petrochemical to your portfolios can decrease your overall portfolio volatility.