Shuang Bang (Taiwan) Price on October 14, 2024
| 6506 Stock | TWD 17.65 0.10 0.56% |
If you're considering investing in Shuang Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shuang Bang stands at 17.65, as last reported on the 2nd of December, with the highest price reaching 17.80 and the lowest price hitting 17.50 during the day. At this stage we consider Shuang Stock to be not too volatile. Shuang Bang Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0218, which indicates the firm had a 0.0218% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shuang Bang Industrial, which you can use to evaluate the volatility of the company. Please validate Shuang Bang's Coefficient Of Variation of 3857.56, risk adjusted performance of 0.0272, and Semi Deviation of 2.3 to confirm if the risk estimate we provide is consistent with the expected return of 0.0638%.
Shuang Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Shuang |
Sharpe Ratio = 0.0218
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| Cash | Small Risk | 6506 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.93 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Shuang Bang is performing at about 1% 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 Shuang Bang by adding it to a well-diversified portfolio.
Shuang Bang Valuation on October 14, 2024
It is possible to determine the worth of Shuang Bang on a given historical date. On October 14, 2024 Shuang was worth 18.6 at the beginning of the trading date compared to the closed value of 18.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shuang Bang stock. Still, in general, we apply an absolute valuation method to find Shuang Bang'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 Shuang Bang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shuang Bang's related companies.
| Open | High | Low | Close | Volume | |
| 18.60 | 19.00 | 18.50 | 18.50 | 372,878 | |
10/14/2024 | 18.60 | 18.75 | 18.50 | 18.60 | 257,419 |
| 18.80 | 19.20 | 18.60 | 18.95 | 590,567 |
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Shuang Bang Trading Date Momentum on October 14, 2024
| On October 15 2024 Shuang Bang Industrial was traded for 18.95 at the closing time. The highest price during the trading period was 19.20 and the lowest recorded bid was listed for 18.60 . The volume for the day was 590.6 K. This history from October 15, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 1.88% . The trading price change to the current price is 11.83% . |
Shuang Bang Industrial Fundamentals Correlations and Trends
By evaluating Shuang Bang'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 Shuang Bang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shuang financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shuang Bang Stock history
Shuang Bang 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 Shuang is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shuang Bang Industrial 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 Shuang Bang stock prices may prove useful in developing a viable investing in Shuang Bang
Shuang Bang Stock Technical Analysis
Shuang Bang 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
Shuang Bang Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Shuang Bang Industrial 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.
Shuang Bang December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Shuang Bang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shuang Bang shares will generate the highest return on investment. By undertsting and applying Shuang Bang stock market strength indicators, traders can identify Shuang Bang Industrial entry and exit signals to maximize returns
Shuang Bang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shuang Bang's price direction in advance. Along with the technical and fundamental analysis of Shuang Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shuang 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 | 0.0272 | |||
| Jensen Alpha | 0.0299 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2367 |
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Additional Tools for Shuang Stock Analysis
When running Shuang Bang's price analysis, check to measure Shuang Bang'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 Shuang Bang is operating at the current time. Most of Shuang Bang's value examination focuses on studying past and present price action to predict the probability of Shuang Bang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shuang Bang's price. Additionally, you may evaluate how the addition of Shuang Bang to your portfolios can decrease your overall portfolio volatility.