Shinkong Textile (Taiwan) Price on May 28, 2024

1419 Stock  TWD 43.95  0.35  0.79%   
If you're considering investing in Shinkong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Shinkong Textile stands at 43.95, as last reported on the 20th of December, with the highest price reaching 44.20 and the lowest price hitting 43.65 during the day. Shinkong Textile owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Shinkong Textile Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinkong Textile's Variance of 1.25, coefficient of variation of (1,224), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide.
  
Shinkong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1138

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Estimated Market Risk

 1.12
  actual daily
9
91% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Shinkong Textile 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 Shinkong Textile by adding Shinkong Textile to a well-diversified portfolio.

Shinkong Textile Valuation on May 28, 2024

It is possible to determine the worth of Shinkong Textile on a given historical date. On May 28, 2024 Shinkong was worth 47.2 at the beginning of the trading date compared to the closed value of 47.7. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shinkong Textile stock. Still, in general, we apply an absolute valuation method to find Shinkong Textile'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 Shinkong Textile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shinkong Textile's related companies.
 Open High Low Close Volume
  47.20    47.85    47.20    47.60    26,239  
05/28/2024
  47.20    48.30    47.20    47.70    87,102  
  47.70    47.70    47.35    47.45    11,301  
Backtest Shinkong Textile  |  Shinkong Textile History  |  Shinkong Textile Valuation   PreviousNext  
Open Value
47.2
47.7
Closing Value
50.56
Upside

Shinkong Textile Trading Date Momentum on May 28, 2024

On May 29 2024 Shinkong Textile Co was traded for  47.45  at the closing time. The highest price during the trading period was 47.70  and the lowest recorded bid was listed for  47.35 . The volume for the day was 11.3 K. This history from May 29, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.52% . The trading price change to the current price is 0.84% .

Shinkong Textile Fundamentals Correlations and Trends

By evaluating Shinkong Textile'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 Shinkong Textile's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shinkong financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Shinkong Textile Stock history

Shinkong Textile 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 Shinkong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shinkong Textile 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 Shinkong Textile stock prices may prove useful in developing a viable investing in Shinkong Textile
It offers digital print, dyed fabric, reflective yarn, flannel, and bi-stretch fabric services for synthetic fibers. The company also provides base layers, mid layers, and outer wear knits and wool textile products. SHINKONG TEXTILE operates under Apparel Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange.

Shinkong Textile Stock Technical Analysis

Shinkong Textile 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.
A focus of Shinkong Textile technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shinkong Textile trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Shinkong Textile Period Price Range

Low
December 20, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Shinkong Textile 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.

Shinkong Textile December 20, 2024 Market Strength

Market strength indicators help investors to evaluate how Shinkong Textile stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shinkong Textile shares will generate the highest return on investment. By undertsting and applying Shinkong Textile stock market strength indicators, traders can identify Shinkong Textile Co entry and exit signals to maximize returns

Shinkong Textile Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Shinkong Textile's price direction in advance. Along with the technical and fundamental analysis of Shinkong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shinkong 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.

Additional Tools for Shinkong Stock Analysis

When running Shinkong Textile's price analysis, check to measure Shinkong Textile'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 Shinkong Textile is operating at the current time. Most of Shinkong Textile's value examination focuses on studying past and present price action to predict the probability of Shinkong Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Textile's price. Additionally, you may evaluate how the addition of Shinkong Textile to your portfolios can decrease your overall portfolio volatility.