New Palace (Taiwan) Price on November 6, 2024
| 8940 Stock | TWD 22.95 0.60 2.68% |
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Palace stands at 22.95, as last reported on the 30th of November, with the highest price reaching 22.95 and the lowest price hitting 22.35 during the day. At this stage we consider New Stock to be very steady. New Palace International has Sharpe Ratio of 0.0289, which conveys that the firm had a 0.0289% return per unit of risk over the last 3 months. We have found thirty technical indicators for New Palace, which you can use to evaluate the volatility of the firm. Please verify New Palace's Downside Deviation of 1.34, risk adjusted performance of 0.0133, and Mean Deviation of 0.8271 to check out if the risk estimate we provide is consistent with the expected return of 0.0405%.
New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0289
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| Negative Returns | 8940 |
Estimated Market Risk
| 1.4 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average New Palace is performing at about 2% 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 New Palace by adding it to a well-diversified portfolio.
New Palace Valuation on November 6, 2024
It is possible to determine the worth of New Palace on a given historical date. On November 6, 2024 New was worth 23.25 at the beginning of the trading date compared to the closed value of 22.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Palace stock. Still, in general, we apply an absolute valuation method to find New Palace'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 New Palace where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Palace's related companies.
| Open | High | Low | Close | Volume | |
| 23.20 | 24.10 | 23.20 | 23.60 | 49,818 | |
11/06/2024 | 23.25 | 23.30 | 22.75 | 22.85 | 150,558 |
| 22.85 | 23.00 | 22.80 | 22.80 | 53,018 |
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New Palace Trading Date Momentum on November 6, 2024
| On November 07 2024 New Palace International was traded for 22.80 at the closing time. The highest price during the trading period was 23.00 and the lowest recorded bid was listed for 22.80 . The volume for the day was 53 K. This history from November 7, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.22% . The trading delta at closing time to the current price is 1.97% . |
New Palace International Fundamentals Correlations and Trends
By evaluating New Palace'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 New Palace's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Palace Stock history
New Palace 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 New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Palace International 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 New Palace stock prices may prove useful in developing a viable investing in New Palace
New Palace International Co., Ltd. operates restaurants under the Grande Luxe Banquet and Host Shabu brands in Taiwan and Mainland China. New Palace International Co., Ltd. was founded in 1971 and is based in Taichung, Taiwan. NEW PALACE is traded on Taiwan Stock Exchange in Taiwan.
New Palace Stock Technical Analysis
New Palace 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
New Palace Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
New Palace International 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.
New Palace November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how New Palace stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Palace shares will generate the highest return on investment. By undertsting and applying New Palace stock market strength indicators, traders can identify New Palace International entry and exit signals to maximize returns
New Palace Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Palace's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New 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 | 0.0133 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.9103 |
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Additional Tools for New Stock Analysis
When running New Palace's price analysis, check to measure New Palace'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 New Palace is operating at the current time. Most of New Palace's value examination focuses on studying past and present price action to predict the probability of New Palace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Palace's price. Additionally, you may evaluate how the addition of New Palace to your portfolios can decrease your overall portfolio volatility.