Formosan Rubber (Taiwan) Price on December 16, 2024
2107 Stock | TWD 25.90 0.25 0.96% |
If you're considering investing in Formosan Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formosan Rubber stands at 25.90, as last reported on the 16th of December 2024, with the highest price reaching 26.25 and the lowest price hitting 25.85 during the day. Formosan Rubber Group secures Sharpe Ratio (or Efficiency) of -0.009, which denotes the company had a -0.009% return per unit of risk over the last 3 months. Formosan Rubber Group exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Formosan Rubber's Coefficient Of Variation of 5145.78, mean deviation of 0.3858, and Downside Deviation of 0.6383 to check the risk estimate we provide.
Formosan Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formosan |
Sharpe Ratio = -0.009
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Negative Returns | 2107 |
Estimated Market Risk
0.53 actual daily | 4 96% of assets are more volatile |
Expected Return
0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Formosan Rubber 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 Formosan Rubber by adding Formosan Rubber to a well-diversified portfolio.
Formosan Rubber Valuation on December 16, 2024
It is possible to determine the worth of Formosan Rubber on a given historical date. On December 16, 2024 Formosan was worth 26.15 at the beginning of the trading date compared to the closed value of 25.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formosan Rubber stock. Still, in general, we apply an absolute valuation method to find Formosan Rubber'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 Formosan Rubber where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formosan Rubber's related companies.
Open | High | Low | Close | Volume | |
26.15 | 26.25 | 25.85 | 25.90 | 226,792 | |
12/16/2024 | 26.15 | 26.25 | 25.85 | 25.90 | 0.00 |
Backtest Formosan Rubber | | | Formosan Rubber History | | | Formosan Rubber Valuation | Previous |
Formosan Rubber Trading Date Momentum on December 16, 2024
On December 16 2024 Formosan Rubber Group was traded for 25.90 at the closing time. The highest price during the trading period was 26.25 and the lowest recorded bid was listed for 25.85 . There was no trading activity during the period 0.0. Lack of trading volume on December 16, 2024 did not affect price variability. The overall trading delta to the current price is 0.97% . |
Formosan Rubber Group Fundamentals Correlations and Trends
By evaluating Formosan Rubber'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 Formosan Rubber's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formosan financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formosan Rubber Stock history
Formosan Rubber 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 Formosan is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formosan Rubber Group 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 Formosan Rubber stock prices may prove useful in developing a viable investing in Formosan Rubber
Formosan Rubber Group Inc. manufactures and sells plastic, rubber, and leather products. The company was founded in 1952 and is headquartered in Taoyuan, Taiwan. FORMOSAN RUBBER is traded on Taiwan Stock Exchange in Taiwan.
Formosan Rubber Stock Technical Analysis
Formosan Rubber 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
Formosan Rubber Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
Formosan Rubber Group 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.
Formosan Rubber December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Formosan Rubber stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formosan Rubber shares will generate the highest return on investment. By undertsting and applying Formosan Rubber stock market strength indicators, traders can identify Formosan Rubber Group entry and exit signals to maximize returns
Formosan Rubber Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formosan Rubber's price direction in advance. Along with the technical and fundamental analysis of Formosan Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formosan 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 | 0.0102 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.14) | |||
Treynor Ratio | 0.0037 |
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Additional Tools for Formosan Stock Analysis
When running Formosan Rubber's price analysis, check to measure Formosan Rubber'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 Formosan Rubber is operating at the current time. Most of Formosan Rubber's value examination focuses on studying past and present price action to predict the probability of Formosan Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosan Rubber's price. Additionally, you may evaluate how the addition of Formosan Rubber to your portfolios can decrease your overall portfolio volatility.