Asia Cement (Taiwan) Price on November 4, 2024
| 1102 Stock | TWD 42.75 0.10 0.23% |
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 Cement stands at 42.75, as last reported on the 14th of December 2024, with the highest price reaching 42.85 and the lowest price hitting 42.30 during the day. Asia Cement Corp secures Sharpe Ratio (or Efficiency) of -0.0653, which signifies that the company had a -0.0653% return per unit of risk over the last 3 months. Asia Cement Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Cement's Mean Deviation of 0.8376, risk adjusted performance of (0.03), and Standard Deviation of 1.12 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 = -0.0653
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| Negative Returns | 1102 |
Estimated Market Risk
| 1.15 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Asia Cement 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 Cement by adding Asia Cement to a well-diversified portfolio.
Asia Cement Valuation on November 4, 2024
It is possible to determine the worth of Asia Cement on a given historical date. On November 4, 2024 Asia was worth 46.3 at the beginning of the trading date compared to the closed value of 47.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Asia Cement stock. Still, in general, we apply an absolute valuation method to find Asia Cement'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 Cement where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Asia Cement's related companies.
| Open | High | Low | Close | Volume | |
| 46.60 | 46.70 | 45.85 | 46.30 | 6,381,159 | |
11/04/2024 | 46.30 | 47.35 | 46.30 | 47.10 | 7,352,029 |
| 47.00 | 47.65 | 46.60 | 47.60 | 7,409,527 |
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Asia Cement Trading Date Momentum on November 4, 2024
| On November 05 2024 Asia Cement Corp was traded for 47.60 at the closing time. The highest price during the trading period was 47.65 and the lowest recorded bid was listed for 46.60 . The volume for the day was 7.4 M. This history from November 5, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 1.06% . The overall trading delta to the current price is 3.18% . |
Asia Cement Corp Fundamentals Correlations and Trends
By evaluating Asia Cement'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 Cement'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 Cement Stock history
Asia Cement 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 Cement Corp 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 Cement stock prices may prove useful in developing a viable investing in Asia Cement
Asia Cement Corporation manufactures and sells cement, clinker, and ground granulated blast-furnace slag products in Taiwan. Asia Cement Corporation was founded in 1957 and is headquartered in Taipei City, Taiwan. ASIA CEMENT operates under Building Materials classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 5858 people.
Asia Cement Stock Technical Analysis
Asia Cement 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 Cement Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Asia Cement Corp 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.
Asia Cement December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Asia Cement 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 Cement shares will generate the highest return on investment. By undertsting and applying Asia Cement stock market strength indicators, traders can identify Asia Cement Corp entry and exit signals to maximize returns
Asia Cement Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Asia Cement'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 | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.72) |
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Additional Tools for Asia Stock Analysis
When running Asia Cement's price analysis, check to measure Asia Cement'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 Cement is operating at the current time. Most of Asia Cement's value examination focuses on studying past and present price action to predict the probability of Asia Cement'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 Cement's price. Additionally, you may evaluate how the addition of Asia Cement to your portfolios can decrease your overall portfolio volatility.