Hsin Kuang (Taiwan) Price on December 11, 2024
2031 Stock | TWD 48.10 1.75 3.51% |
If you're considering investing in Hsin Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hsin Kuang stands at 48.10, as last reported on the 12th of December 2024, with the highest price reaching 49.55 and the lowest price hitting 47.60 during the day. Hsin Kuang Steel holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Hsin Kuang Steel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hsin Kuang's Risk Adjusted Performance of (0.10), standard deviation of 1.45, and Market Risk Adjusted Performance of 0.8806 to validate the risk estimate we provide.
Hsin Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hsin |
Sharpe Ratio = -0.1569
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Negative Returns | 2031 |
Estimated Market Risk
1.46 actual daily | 13 87% of assets are more volatile |
Expected Return
-0.23 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 Hsin Kuang 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 Hsin Kuang by adding Hsin Kuang to a well-diversified portfolio.
Hsin Kuang Valuation on December 11, 2024
It is possible to determine the worth of Hsin Kuang on a given historical date. On December 11, 2024 Hsin was worth 49.55 at the beginning of the trading date compared to the closed value of 48.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hsin Kuang stock. Still, in general, we apply an absolute valuation method to find Hsin Kuang'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 Hsin Kuang where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hsin Kuang's related companies.
Open | High | Low | Close | Volume | |
49.85 | 50.40 | 49.55 | 49.85 | 265,691 | |
12/11/2024 | 49.55 | 49.55 | 47.60 | 48.10 | 1,624,515 |
Backtest Hsin Kuang | | | Hsin Kuang History | | | Hsin Kuang Valuation | Previous |
Hsin Kuang Trading Date Momentum on December 11, 2024
On December 11 2024 Hsin Kuang Steel was traded for 48.10 at the closing time. The highest price during the trading period was 49.55 and the lowest recorded bid was listed for 47.60 . The volume for the day was 1.6 M. This history from December 11, 2024 did not cause price change. The trading delta at closing time to the current price is 3.01% . |
Hsin Kuang Steel Fundamentals Correlations and Trends
By evaluating Hsin Kuang'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 Hsin Kuang's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hsin financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hsin Kuang Stock history
Hsin Kuang 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 Hsin is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hsin Kuang Steel 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 Hsin Kuang stock prices may prove useful in developing a viable investing in Hsin Kuang
Hsin Kuang Steel Company Limited engages in the cutting, stamping, and sale of various steel products in Taiwan. Hsin Kuang Steel Company Limited was founded in 1967 and is based in New Taipei City, Taiwan. HSIN KUANG is traded on Taiwan Stock Exchange in Taiwan.
Hsin Kuang Stock Technical Analysis
Hsin Kuang 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
Hsin Kuang Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Hsin Kuang Steel 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.
Hsin Kuang December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Hsin Kuang stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hsin Kuang shares will generate the highest return on investment. By undertsting and applying Hsin Kuang stock market strength indicators, traders can identify Hsin Kuang Steel entry and exit signals to maximize returns
Hsin Kuang Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hsin Kuang's price direction in advance. Along with the technical and fundamental analysis of Hsin Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hsin 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 | (0.10) | |||
Jensen Alpha | (0.20) | |||
Total Risk Alpha | (0.46) | |||
Treynor Ratio | 0.8706 |
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Additional Tools for Hsin Stock Analysis
When running Hsin Kuang's price analysis, check to measure Hsin Kuang'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 Hsin Kuang is operating at the current time. Most of Hsin Kuang's value examination focuses on studying past and present price action to predict the probability of Hsin Kuang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hsin Kuang's price. Additionally, you may evaluate how the addition of Hsin Kuang to your portfolios can decrease your overall portfolio volatility.