Hwa Fong (Taiwan) Price on April 10, 2024

2109 Stock  TWD 18.25  0.10  0.55%   
If you're considering investing in Hwa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hwa Fong stands at 18.25, as last reported on the 15th of December 2024, with the highest price reaching 18.25 and the lowest price hitting 17.90 during the day. Hwa Fong Rubber holds Efficiency (Sharpe) Ratio of -0.0666, which attests that the entity had a -0.0666% return per unit of standard deviation over the last 3 months. Hwa Fong Rubber exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hwa Fong's risk adjusted performance of (0.06), and Market Risk Adjusted Performance of 0.8077 to validate the risk estimate we provide.
  
Hwa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0666

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Negative Returns2109

Estimated Market Risk

 0.83
  actual daily
7
93% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Hwa Fong 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 Hwa Fong by adding Hwa Fong to a well-diversified portfolio.

Hwa Fong Valuation on April 10, 2024

It is possible to determine the worth of Hwa Fong on a given historical date. On April 10, 2024 Hwa was worth 17.7 at the beginning of the trading date compared to the closed value of 17.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hwa Fong stock. Still, in general, we apply an absolute valuation method to find Hwa Fong'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 Hwa Fong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hwa Fong's related companies.
 Open High Low Close Volume
  18.00    18.00    17.45    17.80    1,511,227  
04/10/2024
  17.70    17.75    17.40    17.45    1,413,263  
  17.35    17.40    17.05    17.25    2,017,168  
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Open Value
17.7
17.45
Closing Value
20.20
Upside

Hwa Fong Trading Date Momentum on April 10, 2024

On April 11 2024 Hwa Fong Rubber was traded for  17.25  at the closing time. The highest price during the trading period was 17.40  and the lowest recorded bid was listed for  17.05 . The volume for the day was 2 M. This history from April 11, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 1.15% . The trading delta at closing time to the current price is 5.16% .

Hwa Fong Rubber Fundamentals Correlations and Trends

By evaluating Hwa Fong'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 Hwa Fong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hwa financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Hwa Fong Stock history

Hwa Fong 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 Hwa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hwa Fong Rubber 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 Hwa Fong stock prices may prove useful in developing a viable investing in Hwa Fong
Co., Ltd. manufactures and sells rubber and tires in Taiwan and internationally. Co., Ltd. was founded in 1945 and is headquartered in Changhua, Taiwan. HWA FONG operates under Rubber Plastics classification in Taiwan and is traded on Taiwan Stock Exchange.

Hwa Fong Stock Technical Analysis

Hwa Fong 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.
A focus of Hwa Fong technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hwa Fong trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Hwa Fong Period Price Range

Low
December 15, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Hwa Fong Rubber 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.

Hwa Fong December 15, 2024 Market Strength

Market strength indicators help investors to evaluate how Hwa Fong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hwa Fong shares will generate the highest return on investment. By undertsting and applying Hwa Fong stock market strength indicators, traders can identify Hwa Fong Rubber entry and exit signals to maximize returns

Hwa Fong Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Hwa Fong's price direction in advance. Along with the technical and fundamental analysis of Hwa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hwa 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.

Additional Tools for Hwa Stock Analysis

When running Hwa Fong's price analysis, check to measure Hwa Fong'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 Hwa Fong is operating at the current time. Most of Hwa Fong's value examination focuses on studying past and present price action to predict the probability of Hwa Fong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hwa Fong's price. Additionally, you may evaluate how the addition of Hwa Fong to your portfolios can decrease your overall portfolio volatility.