Formosa Taffeta (Taiwan) Price on October 23, 2023
1434 Stock | TWD 19.25 0.40 2.04% |
If you're considering investing in Formosa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosa Taffeta stands at 19.25, as last reported on the 15th of December 2024, with the highest price reaching 19.65 and the lowest price hitting 19.25 during the day. Formosa Taffeta secures Sharpe Ratio (or Efficiency) of -0.0375, which denotes the company had a -0.0375% return per unit of risk over the last 3 months. Formosa Taffeta Co exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosa Taffeta's Downside Deviation of 1.3, mean deviation of 0.9666, and Coefficient Of Variation of 10861.08 to check the risk estimate we provide.
Formosa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosa |
Sharpe Ratio = -0.0375
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Negative Returns | 1434 |
Estimated Market Risk
1.2 actual daily | 10 90% of assets are more volatile |
Expected Return
-0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosa Taffeta 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 Formosa Taffeta by adding Formosa Taffeta to a well-diversified portfolio.
Formosa Taffeta Valuation on October 23, 2023
It is possible to determine the worth of Formosa Taffeta on a given historical date. On October 23, 2023 Formosa was worth 25.35 at the beginning of the trading date compared to the closed value of 25.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosa Taffeta stock. Still, in general, we apply an absolute valuation method to find Formosa Taffeta'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 Formosa Taffeta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosa Taffeta's related companies.
Open | High | Low | Close | Volume | |
25.15 | 25.35 | 25.10 | 25.35 | 871,987 | |
10/23/2023 | 25.35 | 25.35 | 25.20 | 25.25 | 458,823 |
25.25 | 25.30 | 25.15 | 25.30 | 302,249 |
Backtest Formosa Taffeta | | | Formosa Taffeta History | | | Formosa Taffeta Valuation | Previous | Next |
Formosa Taffeta Trading Date Momentum on October 23, 2023
On October 24 2023 Formosa Taffeta Co was traded for 25.30 at the closing time. The highest price during the trading period was 25.30 and the lowest recorded bid was listed for 25.15 . The volume for the day was 302.2 K. This history from October 24, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.20% . The overall trading delta to the current price is 0.40% . |
Formosa Taffeta Fundamentals Correlations and Trends
By evaluating Formosa Taffeta'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 Formosa Taffeta's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosa financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formosa Taffeta Stock history
Formosa Taffeta 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 Formosa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosa Taffeta 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 Formosa Taffeta stock prices may prove useful in developing a viable investing in Formosa Taffeta
Formosa Taffeta Co., Ltd. operates in the textile industry in Asia. Formosa Taffeta Co., Ltd. was founded in 1973 and is headquartered in Douliu, Taiwan. FORMOSA TAFFETA operates under Textile Manufacturing classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 10268 people.
Formosa Taffeta Stock Technical Analysis
Formosa Taffeta 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
Formosa Taffeta Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Formosa Taffeta 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.
Formosa Taffeta December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosa Taffeta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosa Taffeta shares will generate the highest return on investment. By undertsting and applying Formosa Taffeta stock market strength indicators, traders can identify Formosa Taffeta Co entry and exit signals to maximize returns
Formosa Taffeta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosa Taffeta's price direction in advance. Along with the technical and fundamental analysis of Formosa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosa 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 | 0.0107 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.15) | |||
Sortino Ratio | (0.07) | |||
Treynor Ratio | 0.0043 |
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Additional Tools for Formosa Stock Analysis
When running Formosa Taffeta's price analysis, check to measure Formosa Taffeta'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 Formosa Taffeta is operating at the current time. Most of Formosa Taffeta's value examination focuses on studying past and present price action to predict the probability of Formosa Taffeta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Taffeta's price. Additionally, you may evaluate how the addition of Formosa Taffeta to your portfolios can decrease your overall portfolio volatility.