Forest Water (Taiwan) Price on November 13, 2024
| 8473 Stock | TWD 36.65 0.15 0.41% |
If you're considering investing in Forest Stock, it is important to understand the factors that can impact its price. As of today, the current price of Forest Water stands at 36.65, as last reported on the 1st of December, with the highest price reaching 36.75 and the lowest price hitting 35.90 during the day. Forest Water Environ secures Sharpe Ratio (or Efficiency) of -0.23, which denotes the company had a -0.23% return per unit of risk over the last 3 months. Forest Water Environmental exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Forest Water's Mean Deviation of 1.31, standard deviation of 1.68, and Variance of 2.83 to check the risk estimate we provide.
Forest Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Forest |
Sharpe Ratio = -0.2318
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 8473 |
Estimated Market Risk
| 1.66 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.39 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.23 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Forest Water 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 Forest Water by adding Forest Water to a well-diversified portfolio.
Forest Water Valuation on November 13, 2024
It is possible to determine the worth of Forest Water on a given historical date. On November 13, 2024 Forest was worth 37.65 at the beginning of the trading date compared to the closed value of 37.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Forest Water stock. Still, in general, we apply an absolute valuation method to find Forest Water'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 Forest Water where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Forest Water's related companies.
| Open | High | Low | Close | Volume | |
| 38.80 | 38.80 | 37.65 | 38.45 | 437,003 | |
11/13/2024 | 37.65 | 38.40 | 37.65 | 37.80 | 257,775 |
| 37.80 | 37.80 | 36.45 | 36.45 | 476,307 |
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Forest Water Trading Date Momentum on November 13, 2024
| On November 14 2024 Forest Water Environmental was traded for 36.45 at the closing time. The highest price during the trading period was 37.80 and the lowest recorded bid was listed for 36.45 . The volume for the day was 476.3 K. This history from November 14, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.57% . The overall trading delta to the current price is 2.78% . |
Forest Water Environ Fundamentals Correlations and Trends
By evaluating Forest Water'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 Forest Water's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Forest financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Forest Water Stock history
Forest Water 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 Forest is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Forest Water Environ 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 Forest Water stock prices may prove useful in developing a viable investing in Forest Water
Forest Water Environmental Engineering Co., Ltd. engages in environmental engineering business in Taiwan. The company was founded in 1993 and is headquartered in Taipei City, Taiwan. FOREST WATER operates under Waste Management classification in Taiwan and is traded on Taiwan Stock Exchange.
Forest Water Stock Technical Analysis
Forest Water 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
Forest Water Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Forest Water Environmental 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.
Forest Water December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Forest Water stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Forest Water shares will generate the highest return on investment. By undertsting and applying Forest Water stock market strength indicators, traders can identify Forest Water Environmental entry and exit signals to maximize returns
Forest Water Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Forest Water's price direction in advance. Along with the technical and fundamental analysis of Forest Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Forest 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 | (0.14) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (1.34) |
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Additional Tools for Forest Stock Analysis
When running Forest Water's price analysis, check to measure Forest Water'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 Forest Water is operating at the current time. Most of Forest Water's value examination focuses on studying past and present price action to predict the probability of Forest Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forest Water's price. Additionally, you may evaluate how the addition of Forest Water to your portfolios can decrease your overall portfolio volatility.