Formetal (Korea) Price on September 27, 2023
| 119500 Stock | KRW 2,980 275.00 10.17% |
If you're considering investing in Formetal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formetal stands at 2,980, as last reported on the 10th of December, with the highest price reaching 3,225 and the lowest price hitting 2,620 during the day. Formetal appears to be very steady, given 3 months investment horizon. Formetal secures Sharpe Ratio (or Efficiency) of 0.1, which denotes the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Formetal Co, which you can use to evaluate the volatility of the firm. Please utilize Formetal's Coefficient Of Variation of 2170.4, downside deviation of 1.91, and Mean Deviation of 1.54 to check if our risk estimates are consistent with your expectations.
Formetal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formetal |
Sharpe Ratio = 0.1038
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 119500 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.49 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.26 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Formetal is performing at about 8% 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 Formetal by adding it to a well-diversified portfolio.
Formetal Valuation on September 27, 2023
It is possible to determine the worth of Formetal on a given historical date. On September 27, 2023 Formetal was worth 3747.8 at the beginning of the trading date compared to the closed value of 3880.59. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formetal stock. Still, in general, we apply an absolute valuation method to find Formetal'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 Formetal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formetal's related companies.
| Open | High | Low | Close | Volume | |
| 3,861 | 3,905 | 3,708 | 3,763 | 219,279 | |
09/27/2023 | 3,748 | 3,900 | 3,689 | 3,881 | 282,704 |
| 3,876 | 3,881 | 3,571 | 3,600 | 295,610 |
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Formetal Trading Date Momentum on September 27, 2023
| On October 04 2023 Formetal Co was traded for 3,600 at the closing time. The highest price during the trading period was 3,881 and the lowest recorded bid was listed for 3,571 . The volume for the day was 295.6 K. This history from October 4, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 7.22% . The overall trading delta to the current price is 8.62% . |
Formetal Fundamentals Correlations and Trends
By evaluating Formetal'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 Formetal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formetal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formetal Stock history
Formetal 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 Formetal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formetal 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 Formetal stock prices may prove useful in developing a viable investing in Formetal
Formetal Co., Ltd. operates as a metal forging company in Korea. Formetal Co., Ltd. was founded in 1969 and is based in Seosan, South Korea. FORMETAL is traded on Korean Securities Dealers Automated Quotations in South Korea.
Formetal Stock Technical Analysis
Formetal 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
Formetal Period Price Range
Low | December 10, 2024
| High |
0.00 | 0.00 |
Formetal Co cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. 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.
Formetal December 10, 2024 Market Strength
Market strength indicators help investors to evaluate how Formetal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formetal shares will generate the highest return on investment. By undertsting and applying Formetal stock market strength indicators, traders can identify Formetal Co entry and exit signals to maximize returns
Formetal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formetal's price direction in advance. Along with the technical and fundamental analysis of Formetal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formetal 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 | 0.0407 | |||
| Jensen Alpha | 0.1013 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 32.82 |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Formetal Stock analysis
When running Formetal's price analysis, check to measure Formetal'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 Formetal is operating at the current time. Most of Formetal's value examination focuses on studying past and present price action to predict the probability of Formetal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formetal's price. Additionally, you may evaluate how the addition of Formetal to your portfolios can decrease your overall portfolio volatility.
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