Basso Industry (Taiwan) Price on November 21, 2024
| 1527 Stock | TWD 43.50 0.50 1.14% |
If you're considering investing in Basso Stock, it is important to understand the factors that can impact its price. As of today, the current price of Basso Industry stands at 43.50, as last reported on the 14th of December 2024, with the highest price reaching 43.90 and the lowest price hitting 43.25 during the day. Basso Industry Corp secures Sharpe Ratio (or Efficiency) of -0.0426, which signifies that the company had a -0.0426% return per unit of risk over the last 3 months. Basso Industry Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Basso Industry's Risk Adjusted Performance of (0.01), standard deviation of 1.41, and Mean Deviation of 1.04 to double-check the risk estimate we provide.
Basso Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Basso |
Sharpe Ratio = -0.0426
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| Negative Returns | 1527 |
Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.06 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 Basso Industry 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 Basso Industry by adding Basso Industry to a well-diversified portfolio.
Basso Industry Valuation on November 21, 2024
It is possible to determine the worth of Basso Industry on a given historical date. On November 21, 2024 Basso was worth 42.65 at the beginning of the trading date compared to the closed value of 42.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Basso Industry stock. Still, in general, we apply an absolute valuation method to find Basso Industry'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 Basso Industry where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Basso Industry's related companies.
| Open | High | Low | Close | Volume | |
| 42.70 | 42.75 | 42.40 | 42.40 | 208,488 | |
11/21/2024 | 42.65 | 42.85 | 42.25 | 42.85 | 265,014 |
| 42.85 | 43.45 | 42.85 | 43.20 | 285,716 |
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Basso Industry Trading Date Momentum on November 21, 2024
| On November 22 2024 Basso Industry Corp was traded for 43.20 at the closing time. The highest price during the trading period was 43.45 and the lowest recorded bid was listed for 42.85 . The volume for the day was 285.7 K. This history from November 22, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.82% . The overall trading delta to the current price is 0.35% . |
Basso Industry Corp Fundamentals Correlations and Trends
By evaluating Basso Industry'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 Basso Industry's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Basso financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Basso Industry Stock history
Basso Industry 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 Basso is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Basso Industry Corp 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 Basso Industry stock prices may prove useful in developing a viable investing in Basso Industry
Basso Industry Corp. manufactures and sells pneumatic fastening tools worldwide. Basso Industry Corp. was founded in 1983 and is headquartered in Taichung, Taiwan. BASSO INDUSTRY operates under Tools Accessories classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 762 people.
Basso Industry Stock Technical Analysis
Basso Industry 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
Basso Industry Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Basso Industry Corp 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.
Basso Industry December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Basso Industry stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Basso Industry shares will generate the highest return on investment. By undertsting and applying Basso Industry stock market strength indicators, traders can identify Basso Industry Corp entry and exit signals to maximize returns
Basso Industry Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Basso Industry's price direction in advance. Along with the technical and fundamental analysis of Basso Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Basso 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 | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.64) |
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Additional Tools for Basso Stock Analysis
When running Basso Industry's price analysis, check to measure Basso Industry'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 Basso Industry is operating at the current time. Most of Basso Industry's value examination focuses on studying past and present price action to predict the probability of Basso Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Basso Industry's price. Additionally, you may evaluate how the addition of Basso Industry to your portfolios can decrease your overall portfolio volatility.