Merida Industry (Taiwan) Price on June 20, 2024
| 9914 Stock | TWD 233.50 2.50 1.06% |
If you're considering investing in Merida Stock, it is important to understand the factors that can impact its price. As of today, the current price of Merida Industry stands at 233.50, as last reported on the 28th of September, with the highest price reaching 239.00 and the lowest price hitting 233.50 during the day. At this stage we consider Merida Stock to be very steady. Merida Industry has Sharpe Ratio of 0.0516, which conveys that the firm had a 0.0516% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Merida Industry, which you can use to evaluate the volatility of the firm. Please verify Merida Industry's Risk Adjusted Performance of 0.047, mean deviation of 2.09, and Downside Deviation of 2.89 to check out if the risk estimate we provide is consistent with the expected return of 0.15%.
Merida Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Merida |
Sharpe Ratio = 0.0516
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | 9914 | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.88 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Merida Industry is performing at about 4% 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 Merida Industry by adding it to a well-diversified portfolio.
Merida Industry Valuation on June 20, 2024
It is possible to determine the worth of Merida Industry on a given historical date. On June 20, 2024 Merida was worth 227.5 at the beginning of the trading date compared to the closed value of 229.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Merida Industry stock. Still, in general, we apply an absolute valuation method to find Merida Industry'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 Merida Industry where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Merida Industry's related companies.
| Open | High | Low | Close | Volume | |
| 234.00 | 234.00 | 226.50 | 226.50 | 1,230,547 | |
06/20/2024 | 227.50 | 229.00 | 222.00 | 229.00 | 1,296,408 |
| 229.00 | 233.50 | 223.50 | 225.00 | 1,377,864 |
| Backtest Merida Industry | | | Merida Industry History | | | Merida Industry Valuation | Previous | Next |
Merida Industry Trading Date Momentum on June 20, 2024
| On June 21 2024 Merida Industry Co was traded for 225.00 at the closing time. The highest price during the trading period was 233.50 and the lowest recorded bid was listed for 223.50 . The volume for the day was 1.4 M. This history from June 21, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.75% . The trading delta at closing time to the current price is 5.68% . |
Merida Industry Fundamentals Correlations and Trends
By evaluating Merida Industry'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 Merida Industry's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Merida financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Merida Industry Stock history
Merida Industry 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 Merida is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Merida Industry 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 Merida Industry stock prices may prove useful in developing a viable investing in Merida Industry
Merida Industry Co., Ltd. engages in the processing, manufacture, and sale of bicycles and its components in Taiwan, rest of Asia, Europe, and internationally. Merida Industry Co., Ltd. was founded in 1972 and is headquartered in Changhua, Taiwan. MERIDA INDUSTRY operates under Leisure classification in Taiwan and is traded on Taiwan Stock Exchange.
Merida Industry Stock Technical Analysis
Merida Industry 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
Merida Industry Period Price Range
Low | September 28, 2024
| High |
0.00 | 0.00 |
Merida Industry Co 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.
Merida Industry September 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Merida Industry stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Merida Industry shares will generate the highest return on investment. By undertsting and applying Merida Industry stock market strength indicators, traders can identify Merida Industry Co entry and exit signals to maximize returns
Merida Industry Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Merida Industry's price direction in advance. Along with the technical and fundamental analysis of Merida Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Merida 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 | 0.047 | |||
| Jensen Alpha | 0.0264 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | 0.1402 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Merida Stock Analysis
When running Merida Industry's price analysis, check to measure Merida Industry'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 Merida Industry is operating at the current time. Most of Merida Industry's value examination focuses on studying past and present price action to predict the probability of Merida Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Merida Industry's price. Additionally, you may evaluate how the addition of Merida Industry to your portfolios can decrease your overall portfolio volatility.