Universal Textile (Taiwan) Price on November 11, 2024
1445 Stock | TWD 17.05 0.25 1.49% |
If you're considering investing in Universal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Universal Textile stands at 17.05, as last reported on the 15th of December 2024, with the highest price reaching 17.50 and the lowest price hitting 16.80 during the day. Universal Textile owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.16, which indicates the firm had a -0.16% return per unit of risk over the last 3 months. Universal Textile Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Universal Textile's Risk Adjusted Performance of (0.05), coefficient of variation of (1,266), and Variance of 1.47 to confirm the risk estimate we provide.
Universal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Universal |
Sharpe Ratio = -0.1581
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Negative Returns | 1445 |
Estimated Market Risk
1.13 actual daily | 10 90% of assets are more volatile |
Expected Return
-0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Universal 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 Universal Textile by adding Universal Textile to a well-diversified portfolio.
Universal Textile Valuation on November 11, 2024
It is possible to determine the worth of Universal Textile on a given historical date. On November 11, 2024 Universal was worth 17.65 at the beginning of the trading date compared to the closed value of 17.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Universal Textile stock. Still, in general, we apply an absolute valuation method to find Universal 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 Universal Textile where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Universal Textile's related companies.
Open | High | Low | Close | Volume | |
18.10 | 18.10 | 17.55 | 17.65 | 153,834 | |
11/11/2024 | 17.65 | 17.80 | 16.85 | 17.35 | 413,962 |
17.50 | 17.50 | 16.65 | 16.80 | 300,737 |
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Universal Textile Trading Date Momentum on November 11, 2024
On November 12 2024 Universal Textile Co was traded for 16.80 at the closing time. The highest price during the trading period was 17.50 and the lowest recorded bid was listed for 16.65 . The volume for the day was 300.7 K. This history from November 12, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 3.17% . The trading price change to the current price is 2.02% . |
Universal Textile Fundamentals Correlations and Trends
By evaluating Universal 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 Universal Textile's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Universal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Universal Textile Stock history
Universal 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 Universal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Universal 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 Universal Textile stock prices may prove useful in developing a viable investing in Universal Textile
Universal Textile Co., Ltd. manufactures and sells fabrics in Taiwan. Universal Textile Co., Ltd. was founded in 1969 and is headquartered in Taipei, Taiwan. UNIVERSAL TEXTILE is traded on Taiwan Stock Exchange in Taiwan.
Universal Textile Stock Technical Analysis
Universal 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.
Price Boundaries
Universal Textile Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
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Universal Textile December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Universal 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 Universal Textile shares will generate the highest return on investment. By undertsting and applying Universal Textile stock market strength indicators, traders can identify Universal Textile Co entry and exit signals to maximize returns
Universal Textile Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Universal Textile's price direction in advance. Along with the technical and fundamental analysis of Universal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Universal 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 | (0.05) | |||
Jensen Alpha | (0.12) | |||
Total Risk Alpha | (0.26) | |||
Treynor Ratio | (0.58) |
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Additional Tools for Universal Stock Analysis
When running Universal Textile's price analysis, check to measure Universal 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 Universal Textile is operating at the current time. Most of Universal Textile's value examination focuses on studying past and present price action to predict the probability of Universal 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 Universal Textile's price. Additionally, you may evaluate how the addition of Universal Textile to your portfolios can decrease your overall portfolio volatility.