Thye Ming (Taiwan) Price on November 6, 2024
| 9927 Stock | TWD 65.80 0.60 0.92% |
If you're considering investing in Thye Stock, it is important to understand the factors that can impact its price. As of today, the current price of Thye Ming stands at 65.80, as last reported on the 4th of December, with the highest price reaching 65.90 and the lowest price hitting 65.30 during the day. Thye Ming Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of risk over the last 3 months. Thye Ming Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Thye Ming's Coefficient Of Variation of (494.01), risk adjusted performance of (0.15), and Variance of 1.66 to confirm the risk estimate we provide.
Thye Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Thye |
Sharpe Ratio = -0.1876
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| Negative Returns | 9927 |
Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Thye Ming 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 Thye Ming by adding Thye Ming to a well-diversified portfolio.
Thye Ming Valuation on November 6, 2024
It is possible to determine the worth of Thye Ming on a given historical date. On November 6, 2024 Thye was worth 67.3 at the beginning of the trading date compared to the closed value of 67.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Thye Ming stock. Still, in general, we apply an absolute valuation method to find Thye Ming'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 Thye Ming where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Thye Ming's related companies.
| Open | High | Low | Close | Volume | |
| 67.40 | 68.00 | 67.10 | 67.70 | 117,824 | |
11/06/2024 | 67.30 | 67.90 | 67.30 | 67.80 | 159,310 |
| 67.80 | 68.60 | 67.80 | 68.20 | 309,592 |
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Thye Ming Trading Date Momentum on November 6, 2024
| On November 07 2024 Thye Ming Industrial was traded for 68.20 at the closing time. The highest price during the trading period was 68.60 and the lowest recorded bid was listed for 67.80 . The volume for the day was 309.6 K. This history from November 7, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.59% . The trading price change to the current price is 3.39% . |
Thye Ming Industrial Fundamentals Correlations and Trends
By evaluating Thye Ming'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 Thye Ming's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Thye financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Thye Ming Stock history
Thye Ming 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 Thye is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Thye Ming 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 Thye Ming stock prices may prove useful in developing a viable investing in Thye Ming
Thye Ming Industrial Co., Ltd. manufactures and sells lead alloys and lead oxide in Asia. The company was founded in 1994 and is based in Kaohsiung, Taiwan. THYE MING is traded on Taiwan Stock Exchange in Taiwan.
Thye Ming Stock Technical Analysis
Thye Ming 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
Thye Ming Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Thye Ming Industrial 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.
Thye Ming December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Thye Ming stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Thye Ming shares will generate the highest return on investment. By undertsting and applying Thye Ming stock market strength indicators, traders can identify Thye Ming Industrial entry and exit signals to maximize returns
Thye Ming Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Thye Ming's price direction in advance. Along with the technical and fundamental analysis of Thye Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Thye 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 | (0.15) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 2.7 |
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Additional Tools for Thye Stock Analysis
When running Thye Ming's price analysis, check to measure Thye Ming'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 Thye Ming is operating at the current time. Most of Thye Ming's value examination focuses on studying past and present price action to predict the probability of Thye Ming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thye Ming's price. Additionally, you may evaluate how the addition of Thye Ming to your portfolios can decrease your overall portfolio volatility.