Globe Union (Taiwan) Price on September 19, 2024

9934 Stock  TWD 14.35  0.20  1.37%   
If you're considering investing in Globe Stock, it is important to understand the factors that can impact its price. As of today, the current price of Globe Union stands at 14.35, as last reported on the 12th of December 2024, with the highest price reaching 14.50 and the lowest price hitting 14.35 during the day. Globe Union Industrial holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Globe Union Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Globe Union's Risk Adjusted Performance of (0.16), standard deviation of 1.64, and Market Risk Adjusted Performance of 16.58 to validate the risk estimate we provide.
  
Globe Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1937

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Estimated Market Risk

 1.65
  actual daily
14
86% of assets are more volatile

Expected Return

 -0.32
  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 Globe Union 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 Globe Union by adding Globe Union to a well-diversified portfolio.

Globe Union Valuation on September 19, 2024

It is possible to determine the worth of Globe Union on a given historical date. On September 19, 2024 Globe was worth 17.8 at the beginning of the trading date compared to the closed value of 17.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Globe Union stock. Still, in general, we apply an absolute valuation method to find Globe Union'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 Globe Union where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Globe Union's related companies.
 Open High Low Close Volume
  18.25    18.25    17.70    17.70    2,086,720  
09/19/2024
  17.80    18.00    17.70    17.90    531,869  
  18.00    18.15    17.85    18.15    944,514  
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Open Value
17.8
17.9
Closing Value
22.75
Upside

Globe Union Trading Date Momentum on September 19, 2024

On September 20 2024 Globe Union Industrial was traded for  18.15  at the closing time. The highest price during the trading period was 18.15  and the lowest recorded bid was listed for  17.85 . The volume for the day was 944.5 K. This history from September 20, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 1.40% . The overall trading delta to the current price is 0.56% .

Globe Union Industrial Fundamentals Correlations and Trends

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

About Globe Union Stock history

Globe Union 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 Globe is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Globe Union 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 Globe Union stock prices may prove useful in developing a viable investing in Globe Union
Globe Union Industrial Corp. engages in the design, development, manufacture, marketing, branding, and sale of kitchen and bathroom products for commercial and residential markets in Taiwan, the United States, Britain, Canada, China, and internationally. Globe Union Industrial Corp. was founded in 1979 and is headquartered in Taichung, Taiwan. GLOBE UNION is traded on Taiwan Stock Exchange in Taiwan.

Globe Union Stock Technical Analysis

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

Globe Union Period Price Range

Low
December 12, 2024
0.00  NaN%
High

 0.00 

     

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Globe Union 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.

Globe Union December 12, 2024 Market Strength

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

Globe Union Technical and Predictive Indicators

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

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