Fortune Electric (Taiwan) Price on November 4, 2024
| 1519 Stock | TWD 529.00 2.00 0.38% |
If you're considering investing in Fortune Stock, it is important to understand the factors that can impact its price. As of today, the current price of Fortune Electric stands at 529.00, as last reported on the 15th of December 2024, with the highest price reaching 536.00 and the lowest price hitting 524.00 during the day. Fortune Electric secures Sharpe Ratio (or Efficiency) of -0.0266, which denotes the company had a -0.0266% return per unit of risk over the last 3 months. Fortune Electric Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortune Electric's Variance of 10.21, standard deviation of 3.2, and Mean Deviation of 2.43 to check the risk estimate we provide.
Fortune Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Fortune |
Sharpe Ratio = -0.0266
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 1519 |
Estimated Market Risk
| 3.2 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortune Electric 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 Fortune Electric by adding Fortune Electric to a well-diversified portfolio.
Fortune Electric Valuation on November 4, 2024
It is possible to determine the worth of Fortune Electric on a given historical date. On November 4, 2024 Fortune was worth 554.0 at the beginning of the trading date compared to the closed value of 560.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortune Electric stock. Still, in general, we apply an absolute valuation method to find Fortune Electric'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 Fortune Electric where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortune Electric's related companies.
| Open | High | Low | Close | Volume | |
| 541.00 | 559.00 | 532.00 | 559.00 | 2,700,534 | |
11/04/2024 | 554.00 | 560.00 | 544.00 | 560.00 | 3,572,218 |
| 559.00 | 600.00 | 558.00 | 599.00 | 7,083,208 |
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Fortune Electric Trading Date Momentum on November 4, 2024
| On November 05 2024 Fortune Electric Co was traded for 599.00 at the closing time. The highest price during the trading period was 600.00 and the lowest recorded bid was listed for 558.00 . The volume for the day was 7.1 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 6.96% . The overall trading delta to the current price is 14.29% . |
Fortune Electric Fundamentals Correlations and Trends
By evaluating Fortune Electric'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 Fortune Electric's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortune financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Fortune Electric Stock history
Fortune Electric 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 Fortune is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortune Electric 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 Fortune Electric stock prices may prove useful in developing a viable investing in Fortune Electric
Fortune Electric Co., Ltd. manufactures and sells transformers in Taiwan, the United States, and Canada. Fortune Electric Co., Ltd. was founded in 1969 and is headquartered in Taoyuan, Taiwan. FORTUNE ELECTRIC operates under Diversified Industrials classification in Taiwan and is traded on Taiwan Stock Exchange.
Fortune Electric Stock Technical Analysis
Fortune Electric 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
Fortune Electric Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Fortune Electric 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.
Fortune Electric December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Fortune Electric stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortune Electric shares will generate the highest return on investment. By undertsting and applying Fortune Electric stock market strength indicators, traders can identify Fortune Electric Co entry and exit signals to maximize returns
Fortune Electric Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Fortune Electric's price direction in advance. Along with the technical and fundamental analysis of Fortune Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortune 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 | 0.0045 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.03) |
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Additional Tools for Fortune Stock Analysis
When running Fortune Electric's price analysis, check to measure Fortune Electric'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 Fortune Electric is operating at the current time. Most of Fortune Electric's value examination focuses on studying past and present price action to predict the probability of Fortune Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Electric's price. Additionally, you may evaluate how the addition of Fortune Electric to your portfolios can decrease your overall portfolio volatility.