Topoint Technology (Taiwan) Price on October 25, 2023

8021 Stock  TWD 33.60  0.35  1.03%   
If you're considering investing in Topoint Stock, it is important to understand the factors that can impact its price. As of today, the current price of Topoint Technology stands at 33.60, as last reported on the 23rd of December, with the highest price reaching 34.85 and the lowest price hitting 33.60 during the day. Topoint Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0618, which indicates the firm had a -0.0618% return per unit of risk over the last 3 months. Topoint Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Topoint Technology's Coefficient Of Variation of (2,654), variance of 4.67, and Risk Adjusted Performance of (0.02) to confirm the risk estimate we provide.
  
Topoint Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0618

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Estimated Market Risk

 2.14
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Topoint Technology 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 Topoint Technology by adding Topoint Technology to a well-diversified portfolio.

Topoint Technology Valuation on October 25, 2023

It is possible to determine the worth of Topoint Technology on a given historical date. On October 25, 2023 Topoint was worth 26.5 at the beginning of the trading date compared to the closed value of 27.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Topoint Technology stock. Still, in general, we apply an absolute valuation method to find Topoint Technology'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 Topoint Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Topoint Technology's related companies.
 Open High Low Close Volume
  26.50    26.75    26.30    26.55    96,067  
10/25/2023
  26.50    27.30    26.50    27.00    136,000  
  26.85    26.90    26.60    26.65    163,002  
Backtest Topoint Technology  |  Topoint Technology History  |  Topoint Technology Valuation   PreviousNext  
Open Value
26.5
27.0
Closing Value
32.91
Upside

Topoint Technology Trading Date Momentum on October 25, 2023

On October 26 2023 Topoint Technology Co was traded for  26.65  at the closing time. The highest price during the trading period was 26.90  and the lowest recorded bid was listed for  26.60 . The volume for the day was 163 K. This history from October 26, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 1.30% . The trading price change to the current price is 1.11% .

Topoint Technology Fundamentals Correlations and Trends

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

About Topoint Technology Stock history

Topoint Technology 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 Topoint is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Topoint 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 Topoint Technology stock prices may prove useful in developing a viable investing in Topoint Technology
Topoint Technology Co., Ltd., together with its subsidiaries, manufactures and sells micro-drills, numerically controlled drilling machines, and peripheral equipment for printed circuit boards in Taiwan, Mainland China, and internationally. Topoint Technology Co., Ltd. was founded in 1996 and is headquartered in New Taipei City, Taiwan. TOPOINT TECHNOLOGY operates under Tools Accessories classification in Taiwan and is traded on Taiwan Stock Exchange.

Topoint Technology Stock Technical Analysis

Topoint Technology 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 Topoint Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Topoint Technology 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

Topoint Technology Period Price Range

Low
December 23, 2024
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Topoint Technology Co 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.

Topoint Technology December 23, 2024 Market Strength

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

Topoint Technology Technical and Predictive Indicators

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

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