Asia Electronic (Taiwan) Price on April 10, 2024
| 4939 Stock | TWD 22.40 0.35 1.59% |
If you're considering investing in Asia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Asia Electronic stands at 22.40, as last reported on the 21st of May, with the highest price reaching 22.50 and the lowest price hitting 22.00 during the day. Asia Electronic Material secures Sharpe Ratio (or Efficiency) of -0.0492, which signifies that the company had a -0.0492% return per unit of risk over the last 3 months. Asia Electronic Material exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Electronic's Mean Deviation of 1.44, risk adjusted performance of 0.0094, and Downside Deviation of 2.69 to double-check the risk estimate we provide.
Asia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Asia |
Sharpe Ratio = -0.0492
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 4939 |
Estimated Market Risk
| 2.12 actual daily | 18 82% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Asia Electronic 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 Asia Electronic by adding Asia Electronic to a well-diversified portfolio.
Asia Electronic Valuation on April 10, 2024
It is possible to determine the worth of Asia Electronic on a given historical date. On April 10, 2024 Asia was worth 22.0 at the beginning of the trading date compared to the closed value of 21.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Asia Electronic stock. Still, in general, we apply an absolute valuation method to find Asia Electronic'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 Asia Electronic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Asia Electronic's related companies.
| Open | High | Low | Close | Volume | |
| 22.30 | 22.30 | 21.95 | 21.95 | 500,738 | |
04/10/2024 | 22.00 | 22.10 | 21.75 | 21.85 | 438,762 |
| 21.85 | 21.85 | 21.10 | 21.25 | 750,946 |
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Asia Electronic Trading Date Momentum on April 10, 2024
| On April 11 2024 Asia Electronic Material was traded for 21.25 at the closing time. The highest price during the trading period was 21.85 and the lowest recorded bid was listed for 21.10 . The volume for the day was 750.9 K. This history from April 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.75% . The overall trading delta to the current price is 5.03% . |
Asia Electronic Material Fundamentals Correlations and Trends
By evaluating Asia Electronic'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 Asia Electronic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Asia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Asia Electronic Stock history
Asia Electronic 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 Asia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Asia Electronic Material 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 Asia Electronic stock prices may prove useful in developing a viable investing in Asia Electronic
Asia Electronic Stock Technical Analysis
Asia Electronic 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
Asia Electronic Period Price Range
Low | April 10, 2024
| High |
22.00 | 21.85 |
Asia Electronic May 21, 2024 Market Strength
Market strength indicators help investors to evaluate how Asia Electronic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Asia Electronic shares will generate the highest return on investment. By undertsting and applying Asia Electronic stock market strength indicators, traders can identify Asia Electronic Material entry and exit signals to maximize returns
Asia Electronic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Asia Electronic's price direction in advance. Along with the technical and fundamental analysis of Asia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Asia 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 | 0.0094 | |||
| Jensen Alpha | 0.0201 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0074 |
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asia Electronic Material. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Asia Stock analysis
When running Asia Electronic's price analysis, check to measure Asia Electronic'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 Asia Electronic is operating at the current time. Most of Asia Electronic's value examination focuses on studying past and present price action to predict the probability of Asia Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Electronic's price. Additionally, you may evaluate how the addition of Asia Electronic to your portfolios can decrease your overall portfolio volatility.
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