Sinopac TAIEX (Taiwan) Price on October 2, 2023
| 006204 Etf | TWD 116.55 0.30 0.26% |
If you're considering investing in Sinopac Etf, it is important to understand the factors that can impact its price. As of today, the current price of Sinopac TAIEX stands at 116.55, as last reported on the 27th of December, with the highest price reaching 116.55 and the lowest price hitting 116.55 during the day. At this point, Sinopac TAIEX is very steady. Sinopac TAIEX ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0603, which indicates the etf had a 0.0603% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sinopac TAIEX ETF, which you can use to evaluate the volatility of the etf. Please validate Sinopac TAIEX's Coefficient Of Variation of 1708.21, risk adjusted performance of 0.0482, and Semi Deviation of 0.7983 to confirm if the risk estimate we provide is consistent with the expected return of 0.0545%.
Sinopac Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Sinopac |
Sharpe Ratio = 0.0603
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| Cash | 006204 | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 0.9 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Sinopac TAIEX 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 Sinopac TAIEX by adding it to a well-diversified portfolio.
Sinopac TAIEX Valuation on October 2, 2023
It is possible to determine the worth of Sinopac TAIEX on a given historical date. On October 2, 2023 Sinopac was worth 86.2 at the beginning of the trading date compared to the closed value of 86.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sinopac TAIEX etf. Still, in general, we apply an absolute valuation method to find Sinopac TAIEX'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 Sinopac TAIEX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sinopac TAIEX's related companies.
| Open | High | Low | Close | Volume | |
| 85.80 | 85.80 | 85.35 | 85.50 | 69,002 | |
10/02/2023 | 86.20 | 86.75 | 86.20 | 86.70 | 38,001 |
| 86.75 | 86.80 | 86.20 | 86.20 | 46,713 |
| Backtest Sinopac TAIEX | | | Sinopac TAIEX History | | | Sinopac TAIEX Valuation | Previous | Next |
Sinopac TAIEX Trading Date Momentum on October 2, 2023
| On October 03 2023 Sinopac TAIEX ETF was traded for 86.20 at the closing time. The highest price during the trading period was 86.80 and the lowest recorded bid was listed for 86.20 . The volume for the day was 46.7 K. This history from October 3, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.58% . The trading price change to the current price is 1.04% . |
Sinopac TAIEX ETF Fundamentals Correlations and Trends
By evaluating Sinopac TAIEX'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 Sinopac TAIEX's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Sinopac financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sinopac TAIEX Etf history
Sinopac TAIEX 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 Sinopac is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sinopac TAIEX ETF 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 Sinopac TAIEX stock prices may prove useful in developing a viable investing in Sinopac TAIEX
Sinopac TAIEX Etf Technical Analysis
Sinopac TAIEX technical etf 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, etf market cycles, or different charting patterns.
Price Boundaries
Sinopac TAIEX Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Sinopac TAIEX ETF 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.
Sinopac TAIEX December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Sinopac TAIEX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sinopac TAIEX shares will generate the highest return on investment. By undertsting and applying Sinopac TAIEX etf market strength indicators, traders can identify Sinopac TAIEX ETF entry and exit signals to maximize returns
Sinopac TAIEX Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sinopac TAIEX's price direction in advance. Along with the technical and fundamental analysis of Sinopac Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sinopac 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 | 0.0482 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0031 | |||
| Treynor Ratio | 0.1812 |
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Other Information on Investing in Sinopac Etf
Sinopac TAIEX financial ratios help investors to determine whether Sinopac Etf 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 Sinopac with respect to the benefits of owning Sinopac TAIEX security.