Formosa Ingredient (Indonesia) Price on December 16, 2024
BOBA Stock | 187.00 7.00 3.89% |
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa Ingredient stands at 187.00, as last reported on the 16th of December 2024, with the highest price reaching 190.00 and the lowest price hitting 178.00 during the day. Formosa Ingredient secures Sharpe Ratio (or Efficiency) of -0.0175, which denotes the company had a -0.0175% return per unit of risk over the last 3 months. Formosa Ingredient Factory exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Ingredient's Coefficient Of Variation of 1771.04, mean deviation of 2.95, and Downside Deviation of 3.84 to check the risk estimate we provide.
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosa |
Sharpe Ratio = -0.0175
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Estimated Market Risk
4.04 actual daily | 35 65% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosa Ingredient 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 Formosa Ingredient by adding Formosa Ingredient to a well-diversified portfolio.
Formosa Ingredient Valuation on December 16, 2024
It is possible to determine the worth of Formosa Ingredient on a given historical date. On December 16, 2024 Formosa was worth 180.0 at the beginning of the trading date compared to the closed value of 187.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Ingredient stock. Still, in general, we apply an absolute valuation method to find Formosa Ingredient'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 Formosa Ingredient where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Ingredient's related companies.
Open | High | Low | Close | Volume | |
180.00 | 190.00 | 178.00 | 187.00 | 450,400 | |
12/16/2024 | 180.00 | 190.00 | 178.00 | 187.00 | 0.00 |
Backtest Formosa Ingredient | | | Formosa Ingredient History | | | Formosa Ingredient Valuation | Previous |
Formosa Ingredient Trading Date Momentum on December 16, 2024
On December 16 2024 Formosa Ingredient Factory was traded for 187.00 at the closing time. The highest price during the trading period was 190.00 and the lowest recorded bid was listed for 178.00 . There was no trading activity during the period 0.0. Lack of trading volume on December 16, 2024 did not affect price variability. The overall trading delta to the current price is 3.74% . |
Formosa Ingredient Fundamentals Correlations and Trends
By evaluating Formosa Ingredient'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 Formosa Ingredient's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formosa Ingredient Stock history
Formosa Ingredient 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa Ingredient 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 Formosa Ingredient stock prices may prove useful in developing a viable investing in Formosa Ingredient
Formosa Ingredient Stock Technical Analysis
Formosa Ingredient 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
Formosa Ingredient Period Price Range
Low | December 16, 2024
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0.00 | 0.00 |
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Formosa Ingredient December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosa Ingredient stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosa Ingredient shares will generate the highest return on investment. By undertsting and applying Formosa Ingredient stock market strength indicators, traders can identify Formosa Ingredient Factory entry and exit signals to maximize returns
Formosa Ingredient Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosa Ingredient's price direction in advance. Along with the technical and fundamental analysis of Formosa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosa 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 | 0.0497 | |||
Jensen Alpha | 0.3094 | |||
Total Risk Alpha | (0.41) | |||
Sortino Ratio | 0.0616 | |||
Treynor Ratio | 1.73 |
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Other Information on Investing in Formosa Stock
Formosa Ingredient financial ratios help investors to determine whether Formosa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Formosa with respect to the benefits of owning Formosa Ingredient security.